Jarvis may thwart financial collapse; sells stake in Tube Lines
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LONDON, December 27  - Engineering and construction group Jarvis (JRVS.ISE) is likely to ward off a financial collapse with the sale of its one third stake in Tube Lines Holdings, Londonâs underground rail network, for Â£146.8 million
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The British Treasury said it would facilitate a sale of the troubled mortgage lender while trying to ensure that taxpayers will not have to pay for the bankâs rescue.
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The decision to sell the privately held company is a surprise move by the companyâs eccentric founder.
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Acquiring the publisher of the Wall  Street Journal might appear to run against Pearson Plc&#39;s   current strategy of focusing on education, but a deal  could mean the eventual sale of its Financial Times newspaper.
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Share sale to fund 'world's biggest fab' expansion plan
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Troubled engineering and construction group Jarvis has bought itself a financial life-line by selling its 33% stake in the Tubes Lines underground consortium to Amey, part of Spanish construction group Ferrovial, for Â£150m.
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Shares in engineering group Jarvis have soared more than 16% on news that it is offloading its stake in London underground consortium Tube Lines.
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Business & money: Cable company says it has received a takeover bid and is considering potential sale.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200.6 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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Jarvis admitted yesterday it was in a race against time to raise enough cash from asset sales to satisfy lenders and keep trading beyond January.
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LaBranche & Co. Inc. , which  runs one of the largest equity specialist traders on the New  York Stock Exchange floor, may consider selling all or part of  itself to salvage its floor-trading business, a person familiar  with the matter said on Monday.
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The could shoulder from eBay gives Mr. Softy a chance to lose a laggard for good.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph newspaper said.
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Hershey may have a sour outlook right now, but I wouldn't panic and sell the shares.
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Internet firm Pipex Communications put itself up for sale yesterday in a move that could value the firm at more than pounds 500 million. It has appointed adviser UBS to review strategic options for the group, which "could include" a sale.
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Future growth prospects for the Boston-based financial service provider may not be robust.
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U.S. and European banks including Citigroup Inc  and HSBC Holdings PLC  are considering selling off parts of their businesses as they prepare for tough times ahead, the Wall Street Journal reported.