Business to Business

Troubled HBOS to sell Australian banking business (Yorkshire Post Today)

8 Oct 2008

TROUBLED bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet. (08/10/2008 08:07:31)

Fed will lend to business (Madera Tribune)

8 Oct 2008

WASHINGTON - Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.

Somali pirate source: deal near to free Ukraine ship (Reuters via Yahoo! News)

8 Oct 2008

An onshore associate of Somali pirates holding a Ukrainian ship with tanks and other weaponry on board said Wednesday an $8 million ransom deal was in the offing under which the boat would be freed in the next few days. "A boat will carry the money from Djibouti and pirates are expected to release the ship in the coming two nights," a business partner of the pirates, who identified himself only ...