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Business Headlines US shares up on 'Treasury choice' US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors. MP criticises energy firm charges A senior MP says he believes energy companies are increasing customers' direct debit payments by more than is needed. Darling fine-tunes recovery plan The Chancellor is spending the weekend putting the final touches to a package of tax cuts and increases in public spending. Repossession of homes up by 12% The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year. Citigroup plunges on uncertainty Shares in Citigroup, one of the biggest banks in the US, fell sharply on Friday amid uncertainty over the company's future. Honda Swindon closing for 50 days Honda is to cut production in Japan and Europe and close its Swindon plant in the UK in February and March next year. Catalogue sales face PPI checks The sale of payment protection insurance alongside goods sold in catalogues should be restricted, says the Competition Commission. Meat inspectors vote for strike Meat hygiene inspectors across the UK vote in favour of strike action in a row over work patterns and overtime payments. Property sales rise in October Property sales rose by 8% in October, according to the latest figures from HM Revenue & Customs. Post Office told to stamp out Britain's 'waiting culture' A watchdog calls on the Post Office to stamp out lengthy queues for customers and says too many businesses assume customers are happy to queue. |
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