Principal content
Eon wins key ally in Endesa battle
Eon won ground in the tense €42bn battle for Endesa when the savings bank Caja Madrid – the third-largest shareholder in the Spanish electricity group – voted to align itself with the German utility.
N Ireland’s political opposites reach deal
Paisley and Adams take historic step
Retailers shift supply chain tasks to China
Distribution ‘bypassed’ in destination countries
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Lex
Housebuilding consolidation
Corporate activity is generally born out of either exuberance or necessity. But the raft of UK house building deals over the last 18 months has been due to a fair dollop of both.
Comment
As America falters, policymakers must look ahead

As a US slowdown looms, it is better to respond to current circumstances than focus on past mistakes, writes Lawrence Summers.