Sales of luxury cars in Italy plunge Sales of luxury cars in Italy plungeThe nation's overall car market recorded new registrations of no more than 1.4m vehicles in 2012 – a level that was last seen in 1979
US carmakers try to reclaim luxury market US carmakers try to reclaim luxury marketLincoln and Cadillac will be revamped after losing ground to foreign brands, but there are concerns this may not have come in time to stop decline
Container shipping - a long journey Container shipping - a long journeyThe horizon may be brighter, but the industry's journey through boom and bust is likely to remain choppy at best
UBS embraces more modest ambitions UBS embraces more modest ambitionsThe Libor issue added impetus to UBS dropping its long-standing plan to become a global full-service investment banking powerhouse
Dealmakers warm to chance of oil tie-ups Dealmakers warm to chance of oil tie-upsDespite the slump in M&A in the sector in 2012, talk has been rekindled over potential for takeovers with some majors, says Anousha Sakoui
Pressure grows to bring auditors to account Pressure grows to bring auditors to accountFirms weigh IAASB proposal for auditor's commentary on uncertainties facing companies amid criticism of lifeless ‘pass or fail' pronouncements
Carmakers - anywhere but home Carmakers - anywhere but homeEuropean manufacturers need help compensating for depressed local markets, while Chinese and US sales advance
Virgin Megastore France faces insolvency Virgin Megastore France faces insolvencyRetailer will make an official announcement and discuss last-ditch measures to avoid closure after cancelling the lease on its Champs-Elysées site
Santander set for Banesto union talks Santander set for Banesto union talksSpain's largest bank by assets seeks agreement on job losses, as it declines to comment on Spanish media reports of plans to cut 3,000 workers
Wegelin to close after US guilty plea Wegelin to close after US guilty pleaSwitzerland's oldest private bank is to cease operations having agreed to pay $57.8m over charges that it helped Americans to evade paying $1.2bn in tax
Car sales hit highest level in four years Car sales hit highest level in four yearsSales of new cars in the UK reach their highest level since 2008 with growth improving throughout the year but level is still lower than pre-recession
Air Berlin replaces chief executive Air Berlin replaces chief executiveLow-cost German carrier's head of strategy takes top job amid a restructuring that has seen the fleet and capacity downsized and routes cut