Tuesday Papers: UK GDP forecast at 0.2% in three months to June -- other news

* Dow closes 57 points down but Nasdaq improves 11 points

* UK GDP growth forecast at 0.2% in three months to June after 0.1% growth in three months to May, according to National Institute of Economic and Social Research

* UK demand for permanent staff falls for first time in five years

* US home builders fall afterFed memberJanet Yellen warns that construction spending and house prices are likely to fall well into 2009

* Lehman Bros warn that a change to an accounting rule could require both Freddie Mac and Fannie Mae mortgage agencies to raise billions of additional capital

* Members of the Group of Eight leading industrialised nations seek to damp down expectations that they could rescue the global economy from the impact of high oil prices

* Findings from the British Chambers of Commerce show that conditions in the services sector are at their worst since the last recession in the early 90s

* UK industrial output in decline as sales falter

* General Motors plans overhaul as analysts talk of bankruptcy

* Merrill Lynch warns that housing market may take 20 years to recover

* An expected 20% drop in house prices over the next two years could wipe out the value of landbanks held by Britain's housebuilders, according to analysts at Royal Bank of Scotland

* Bridgewater Associates warns that bank losses from credit crisis may reach £800 billion

* Bank of Ireland reins in commercial lending

* Linda Cook, head of gas and power at Royal Dutch Shell, has moved into pole position to be the first woman chief executive of a major international oil company, after Peter Voser, the company's chief financial officer, was reported to have dropped out of the race

* Lord Robertson, deputy chairman of TNK-BP and former NATO Secretary-General, has denounced an attempt by BP's Russian partners in the oil venture to remove its BP-backed chief executive as part of a campaign to wrest control of the company

* A government rethink over biofuels regulation, less than three months after its introduction, alienated both the fledgling biofuels industry and green campaigners

* Gordon Brown came away empty-handed after 'very frank' talks with Dmitri Medvedev, the Russian president, dashing expectations of a thawing of relations between London and Moscow

* Chancellor Alistair Darling is to criticise over-dependence on credit ratings in European Union financial review as he calls for a review of how banks meet their capital requirements

* Nationwide has temporarily stopped accepting ISA transfers into its products, blaming unexpected high demand

* US Federal Reserve and Securities Exchange Commission in accord to share data on big banks

* National Institute of Health and Clinical Excellence advise against using GlaxoSmithKline's oral cancer drug Tyverb in the NHS

* Man Group has teamed up with an Abu Dhabi-owned investment company to raise electricity from gas as a byproduct on oil fields

* Liffe to set a first in CDS clearance

* Paul Myners backs Sir Stuart Rose leadership of Marks & Spencer as investors prepare to pass judgment