Morgan Chase plunged by 5% after the American investment bank gave warning that bad loans to telecoms companies and falling trading revenues would dent its third-quarter profits.

ECONOMIST: Sweet retreat

The red Fire Warning light is bad news when it lights up, but you can silence the alarm bell by pressing it.

FORBES: What Do All The Controls In An Airplane Cockpit Do?

Before the negotiations, Britain's foreign secretary, Jack Straw, gave a warning that a bad budget deal would be worse than no deal at all.

ECONOMIST: Another splendid compromise forged in Brussels | The