Saturday Papers: US growth falls back to 2.4% - other news

* A large simplification of the benefits system was trailed by work and pensions secretary Iain Duncan Smith.

* Italy yesterday appeared to be heading for early elections or a government shake-up after Silvio Berlusconi moved to expel dissidents from his People of Liberty party.

* Technology powerhouse Samsung revealed record quarterly profits.

The Daily Telegraph

* More than £7.3bn a year is being “skimmed off” the value of Britons’ savings by City bankers and fund managers, an investigation by The Daily Telegraph has found.

* Karim Naffah, the former finance director of Mitchells & Butlers who lost his job after leading a £500m hedging debacle, has been appointed as managing director of the Rocco Forte Collection.

* ITV set to restrict some content to pay-TV.

The Guardian

* British Airways divides workers over pay and perks; 900 non-union members accept 5.9% pay increase; British Airways reports £164m loss after strikes and ash cloud.

The Independent

* The London black cab maker Manganese Bronze said it would remain in the red for the rest of this year amid "challenging" trading conditions.

Daily Mail