Channel 4 chairman buys Borders for up to £20m

4pm: Channel 4 chairman Luke Johnson today emerged as the surprise buyer of Borders, Britain's third-largest books retailer, which is being acquired through his private equity firm, Risk Capital Partners. By Fiona Walsh.

Why failure is the new face of success

It may have been the military that invaded but, with Iraq completely dismantled, the reconstruction was to be the preserve of US corporations ... Thus was born 'disaster capitalism', where oil companies profit from a broken country and private security firms grow rich on political chaos, says Naomi Klein in this final extract from her new book.

The shock doctrine

Naomi Klein's explosive new book exposes the lie that free markets thrive on freedom. In our first exclusive extract, the No Logo author reveals the business of exploiting disaster.

Bookmaker cursed by Harry Potter ending

10.15am: The ambiguous ending of the last Harry Potter book has forced bookie William Hill to pay out on thousands of bets on the fate of the boy wizard. By Julia Kollewe.