Private Capital  |  China Stagecoach Festival Waterford Wedgwood called in receivers

Private Capital  |  China exhibits Waterford Wedgwood music festival details called in receivers on Monday and placedtwo of Britain's most venerable china makers, Josiah Wedgwood &Sons Ltd and Royal Doulton Ltd, into administration, a form ofcreditor protection Rosenthal was initially exempt from those proceedings. "Despite intensive efforts of the Board of Directors ofRosenthal AG and the involved parties, a sale of Rosenthal AG asa whole outside an insolvency proceeding could not becompleted," Rosenthal said in a statement. It added that it hoped advanced talks over a possibletakeover by an unnamed investor would still continue and come toa close shortly. Waterford's receiver, Deloitte, said on Thursday that U.S.private equity group KPS Capital Partners had signed a letter ofintent to buy some of Waterford's assets.

Waterford employs around 8,000 people worldwide, includingabout 1,000 in Germany . (Reporting by Mark Potter; Editing by David Cowell) Private Capital China arts festival . * Weak crude weighs on heavyweight oils Stocks * Miners fall; Deutsche Bank cuts sector's earnings f'casts * Retailers bounce * U.S festival blues . loses 524,000 jobs in Dec, unemployment rate rises By Dominic Lau LONDON, Jan 9 (Reuters) - Britain's leading share index fellfor the third day in a row on Friday, led down by heavyweightcommodity stocks, as a surge in the U.S jobless rate stokedconcerns that the recession is deepening event festival . The FTSE 100 .FTSE closed down 1.3 percent, or 56.83points, at 4,448.54, for a weekly loss of 2.5 percent.

The UKbenchmark fell more than 31 percent last year, its worst annualdrop since its launch in 1984 . Oil producers were the biggest drag on the index as crudeprices CLc1 fell below $40 a barrel annual festival . Royal Dutch Shell(RDSa.L), BP (BP.L), BG Group (BG.L) and Tullow Oil (TLW.L) wereoff between 1.5 and 2.8 percent airport festival . Miners were also big losers, as investors continued to shunthe sector after a recent rally and as Deutsche Bank pointed toa gloomy outlook for metal prices, leading it to cut earningsexpectations for the sector summer festival . Anglo American (AAL.L), Xstrata (XTA.L), Rio Tinto (RIO.L),Vedanta Resources (VED.L), Rangold Resources (RRS.L), Kazakhmys(KAZ.L) and BHP Billiton (BLT.L) dropped between 0.6 and 8.2percent U.S. employers shed 524,000 from their payrolls in December,driving the unemployment rate to its highest level in almost 16years. "The fact of the matter is that these numbers were poor,whether they came in within expectations or not," said PeterDixon, UK economist at Commerzbank.

"If you look at the two months in November and Octobertogether, it was the biggest two months' decline in employmentsince the end of World War Two, which tells you how desperatethe situation is in the U.S economy," Dixon said . "It is hardly surprising that the markets are nervous.They've got every reason to be pessimistic, because frankly theoutlook for the U.S christmas festival . economy and the rest of the world in 2009remains dismal." Meanwhile, U.S calendar festival . wholesale inventories fell in November,while sales posted a record decline . In the UK, factory output slumped in November at its fastestannual pace since 1981, increasing the likelihood that theeconomy shrank sharply at the end of 2008 and faces a deeprecession in 2009.