Services report adds to US economic gloom
Activity in the US services industry contracted in January for the first time in five years, adding to gloominess about the economic outlook as businesses suffered from a combination of weak demand and rising costs writeDate( 1202224196000, 'Grey', '15:09', 9999999999999); - 15:09

• US urged to focus on housing crisis
• US homeowners confound predictions

• Weak growth heightens recession fears
• US suffers first drop in jobs since 2003

Wall Street set to slump on service report
NYSE Euronext triples net income in quarter writeDate( 1202220355000, 'Grey', '14:05', 9999999999999); - 14:05

• London lower as financials weigh