US giant GMAC to back bid for Northern Rock: report
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US financial services group GMAC will lead a rescue bid for stricken bank Northern Rock, according to a media report on Sunday.
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German private equity firm Nanno and two US groups have reportedly joined forces to back the management buy-out of the troubled consumer photo business from Belgian-based Agfa-Gevaert for a reported E175m.
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The world's largest mining group, BHP Billington Ltd.,  is considering a rival bid for aluminum producer Alcan Inc.  and has hired an investment bank, sources familiar with the matter said on Monday.
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Spain's Banco Santander Central Hispano has the backing of the Abbey National board to accelerate its 8.3 billion pound bid for the UK mortgage bank, the Financial Times says.
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Business & money: Government tells two groups bidding for Northern Rock to improve their offers or see bank nationalised
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Investment bank Lehman Brothers Holdings Inc. is negotiating to buy GLG Partners, a large British hedge fund, the Wall Street Journal reported on Thursday, citing unnamed sources.
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Britain's Royal Bank of Scotland  is considering a major acquisition in the United States early next year, according to a report in The Scotsman newspaper on Wednesday, but the bank dismissed the report.
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General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services.
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Virgin Group will try to win over shareholders with a sweetened bid for Northern Rock on the eve of a speech by the British Chancellor to Parliament about the struggling UK bank, an unsourced Sunday Times report said.
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The world&#39;s largest mining group, BHP  Billington Ltd.,  is considering a rival bid for  aluminum producer Alcan Inc.  and has hired an  investment bank, sources familiar with the matter said on  Monday.
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SHANGHAI/LONDON  - Britain will back a plan to convert its lending to Northern Rock  into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
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A bidding consortium led by the Royal Bank of Scotland is expected to give some insight as to whether it will go ahead with a rival offer.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($202 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph said.
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Fremont General Corp , which quit subprime mortgage lending this year, said on Wednesday a group that had agreed in May to invest $80 million for a minority stake may back out.
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UK firm RMC, the world&#39;s biggest maker of ready-mixed concrete, is reportedly to get a takeover bid worth at least $4bn (Â£2.2bn) from Mexican group Cemex.
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Olivant Advisers dropped its bid for troubled British mortgage lender Northern Rock, saying its offer would not satisfy both the government and its own interests.
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Fremont General Corp , which  quit subprime mortgage lending this year, said on Wednesday a  group that had agreed in May to invest $80 million for a  minority stake may back out.