And in the real world... The Boston Globe, Virgin Media, Freeview and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The Boston Globe’s survival is still uncertain after negotiations over job guarantees came to a halt between the union, Boston Newspaper Guild, and the owner, The New York Times Company, which has threatened to close the newspaper if it does not achieve $20 million (£13 million) of cost cuts.
Source: The Guardian

Europe’s GDP will contract by 4 per cent in 2009 and will not recover until the second half of 2010, according to revised economic forecasts from the European Commission.
Source: The Independent

Virgin Media plans to open its cable network infrastructure up to its rivals to boost revenue by charging its competitors, and to prevent possible regulatory intervention.
Source: The Guardian

Freeview HD could be rolled out to 40 per cent of British homes by next June, bringing the launch date forward from the planned switchover date to the World Cup in South Africa.
Source: The Telegraph

Fiat’s plan to create a new merged European car group with Chrysler and GM’s German unit, Opel, hit a wall yesterday when the separate owners introduced new obstacles over any possible sales.
Source: Financial Times