FT Update

Thu 28 Jan 2010

Obama sets out stall
President Barack Obama was last night set to stress his commitment to create jobs during his inaugural State of the Union address covering tax cuts, healthcare reform, education and the threat from al-Qaeda.

Balance sheet tip
Banks should take advantage of the profits they make this year to bolster balance sheets rather than make pay-outs to staff or shareholders; a Bank of England official said.

Morrison's new chief
Wm Morrison named Dalton Philips, a relative unknown in UK retailing, chief executive.

Blackrock income soars
BalckRock reported a jump in fourth-quarter income, but signalled it might face a difficult year.

New TV dimension
BSkyB claim world first in live weekend 3D football broadcast.

Bosch warns banks
Car parts supplier threatens sanctions over bonus culture.

Equities
London falls further but Fed promise to keep interest rates low rallies Wall Street.

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