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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Network operator Cable and Wireless PLC (C&W) has agreed to sell its Japanese business, Cable & Wireless IDC Inc., to Softbank Corp. for Â£72.4 million (US$133.3 million), the London-based company announced Tuesday.
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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¦
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Federal-Mogul Corp., the bankrupt US engineering company, may sell its UK-based Turner &amp; Newall Plc after the UK division&#39;s independent pension trustee rejected a $130 million cash offer
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WPP Group (WPPGY:Nasdaq ADR - news - research) sank 3% after the British ad agency agreed to buy New York&#39;s Grey Global (GREY:Nasdaq - news - research) for about $1.
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Smiths Group is to buy Medex, a US healthcare company, for $925m (Â£477m), including $300m of debt, in the biggest deal for the UK engineering conglomerate since the merger of Smiths and TI Group in 2000.
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BRITISH telecoms group Cable and Wireless has agreed to sell its Japanese unit to internet service provider Softbank for Â£72.4 million ($178.
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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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British bank's sharp fall in value makes it vulnerable to takeover by the acquisitive Spanish bank.
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Britain's Cable and Wireless is in talks to leave Japan by selling its money-losing Japanese unit to Softbank or an investment firm of Tokyo, a report said.
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Brokerage announces large Q4 loss and turns to China for capital.
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Shares in online gambling companies listed in London lost more than half their value after a dramatic move by US authorities to ban gambling on the Internet.
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Business & money: Biggest share falls since height of credit crunch after US bank's $18bn write-off and Rock uncertainty grows
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Cable &amp; Wireless has agreed to sell its Japanese unit to Softbank for 72.4 million pounds. The deal, under which the Japanese Internet communications company will assume debt worth 9.5 million
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Britain's Cable and Wireless is in talks to quit Japan by selling its money-losing Japanese unit to Softbank or an investment firm in Tokyo.
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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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LONDON Barclays said Wednesday it would buy the US credit card company Juniper Financial for $293 million as part of its international expansion plan.