<strong>FINANCIAL TIMES<br /><br />BANKRUPTCIES SET TO RISE</strong><br />The number of corporate bankruptcies is set to surge by 35 per cent this year, turning the world economy into a &ldquo;burial ground&rdquo; for businesses, according to a study by Euler Hermes, the credit insurer. In a study published today the Paris-based unit of Allianz, says the rate of corporate collapses will reach &ldquo;historic&rdquo; highs in 2009.<br /><br /><strong>CLEAR CHANNEL LENDERS THREATEN REFINANCING PLAN</strong><br />Some of the largest lenders to the private equity groups that led the $23.8bn buy-out of Clear Channel Communications intend to turn down a proposed debt exchange, hoping to drive the radio and outdoor advertising company towards default. The company, taken private in a leveraged deal, has proposed a swap of some parent company debt for debt in Clear Channel Outdoor Holdings, its listed billboard division, regarded as a crown jewel despite the current steep advertising downturn.<br /><br /><strong>INVESTOR RISK APPETITE RETURNS</strong><br />Further signs of investors&rsquo; renewed appetite for risk came with Europe&rsquo;s first high-yield private equity-backed bond since the credit crisis began. The deal was just the sixth European high-yield offering this year and follows on from bumper issues from Virgin Media and Pernod Ricard last week.<br /><br /><strong>MEDIA EXECS INTERNET PIRACY PLEA</strong><br />Media chief executives have urged the government to take a tough approach in fighting internet piracy even as it puts the final touches to its Digital Britain white paper. The group, including the chief executives of football&rsquo;s Premier League, want Lord Carter, the communications minister, to establish a &ldquo;rights authority&rdquo; to &ldquo;ensure effective control of piracy.&rdquo;<br /><br /><strong>THE TIMES</strong><br /><strong><br />DAIRY FARMER OF BRITAIN CALLS IN RECEIVERS</strong><br />Dairy co-operative has gone into receivership with 2,200 jobs at risk after losing key contract with the Co-op supermarket. Dairy Farmers of Britain, the milk cooperative, has gone into receivership, putting 2,200 jobs at risk, after losing a contract with Co-operative stores.<br /><br /><strong>MADOFF SONS SPEAK OF 'BIBLICAL' BETRAYAL</strong><br />One of Bernard Madoff's sons is obsessed with his father&rsquo;s crime and the other is still in shock over the $65bn Ponzi scheme, according to a new expos&eacute; on the convicted fraudster. Andrew, 43, described his father&rsquo;s crime as &ldquo;a father-son betrayal of bibical proportions&rdquo;. The sons&rsquo;&nbsp; spokesman confirmed that neither had seen or spoken to their father since he confessed his Ponzi scheme.<br /><br /><strong>The Daily Telegraph</strong><br /><strong><br />SALE MAY BE NEXT CHAPTER AT BORDERS</strong><br />Borders, the UK book retailer, has appointed advisers to bring in new funding in a move that observers say could lead to a sale of the chain. The retailer, which is owned by Luke Johnson&rsquo;s Risk Capital Partners, has appointed Clearwater Corporate Finance, a boutique finance house, to &ldquo;seek out funding opportunities.&rdquo;<br /><br /><strong>TRIUMPH AS MOTORCYCLE GROUP SALES RISE</strong><br />Triumph Motorcycles Group, the historic motorbike marque, enjoyed a 19 per cent rise in sales last year but has warned it is &ldquo;cautious&rdquo; for the future as the economic downturn hurts consumers. Triumph, which has enjoyed a resurgence since John Bloor bought the company in the 1980s, saw turnover grow 29 per cent to &pound;284m in the year to June 30, 2008.<br /><br /><strong>WALL STREET JOURNAL<br /><br />DOJ PROBES HIRING AT TECH FIRMS</strong> <br />The Department of Justice is investigating whether a number of large US companies violated antitrust laws by establishing agreements not to recruit each other&rsquo;s employees, according to people briefed on the investigation.&nbsp; Members of the department have sought information from companies in the technology and biotechnology sectors, including Google, Apple, Yahoo and Microsoft.<br /><br /><strong>MERCK PUTS ANIMAL-HEALTH ASSETS ON BLOCK</strong><br />US pharmaceutical company Merck &amp; Co. has started contacting potential buyers for parts of its animal-health business as it determines what to sell after its planned $41bn acquisition of Schering-Plough, according to people familiar with the matter. It is believed a sell-off of two assets could raise between $11bn-$13bn (&pound;6.7bn-7.9bn).