Discover Will Sell a Card Unit in Britain at a Big Loss
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Barclays will acquire 1.7 million Goldfish and affinity card accounts with about $4 billion of receivables and take Goldfishâs brand, staff and facilities.
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Bank plunges as rumours sweep through market that it could be taken over at knockdown price.
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LONDON -- Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.
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Network operator Cable and Wireless Tuesday announced it has agreed to sell its Japanese business, Cable &amp; Wireless IDC, to Softbank for Â£72.
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Slot manufacturer gets pummeled after releasing profit warning.
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Access Brokerage liquidators said today they had discovered a $5 million shortfall in the share trader&#39;s accounts and the Bank of New Zealand said it has frozen all accounts in the name of Access Brokerage Ltd, including trust accounts.
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Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its Discover credit-card division and posted better-than-expected quarterly results on strong banking and trading.
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UBS plans to shrink its investment bank arm after huge losses linked to the US sub-prime loans crisis.
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By JOE BEL BRUNO  NEW YORK - Morgan Stanley Inc., the second-biggest investment house on Wall Street, said Tuesday it will shed its Discover credit-card business in a bid to pump up shareholder value.  Speculation has swirled for years that Morgan Stanley would split off the No.
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Aug. 18 (Bloomberg) -- Barclays Plc, the UK&#39;s third- biggest bank, agreed to buy Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash to help expand its credit card business in North America.
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Reuters has acquired a data company in a Â£97m deal just days after announcing 100 job losses from its news bureaux. The financial information group has paid $100m - Â£55m - in cash for the loss-making market
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Japanese communications firm Softbank is to buy the Japanese unit of Cable &amp; Wireless for $132 million (72 million pounds), making it the No
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ING, the Dutch bank which bought Baring in 1995 for Â£1 after rogue trader Nick Leeson ran up losses of more than Â£800m, ending its use of the Baring name.
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Let's walk quietly away from this impending disaster Updated: The UK ID card project suffered another serious blow today with news that two potential suppliers have pulled out of the procurement process.â¦
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Discover Financial Services, a credit card company spun off from Morgan Stanley at the end of June, said on Tuesday that third-quarter profit fell, hurt by rising marketing expenses.
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By Evening Standard, London  Jan. 31--Electronics giant Sony is heading for a $2 billion (Â£1.01  billion) loss in its video games division after the surprise success of rival  Nintendo's Wii console.
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Prudential waves goodbye to double yolker Prudential PLC, the British financial services company, is to sell its loss making internet banking unit Egg to Citigroup for Â£575m ($1.127bn) cash.â¦