Newspaper wrap-up: Branson may still submit bid for Northern Rock
Posted Feb 1st 2008 8:15AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Yahoo! (YHOO), Anheuser-Busch Cos (BUD)
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MAJOR PAPERS:
- According to people familiar with the matter, the Wall Street Journal reported that Anheuser-Busch Companies Inc (NYSE: BUD) and InBev may be one possible coupling in the fast-consolidating brewery industry; the people familiar said the two have already held talks.
- HSBC Holdings Plc (NYSE: HBC) yesterday launched its first two retail branches in Japan, according to the Financial Times. The bank also kicked off its "HSBC Premier" services, which aim to tap into Japan's budding market for wealth management.
OTHER PAPERS:
- Despite rumors that none of those interested in struggling bank Northern Rock Plc (OTC: NHRKF), the UK Guardian reported that Sir Richard Branson will submit a bid by Monday's government deadline. Investment group Olivant is also expected to submit a bid for Northern Rock.
WEB SITES:
Tags: Anheuser-Busch, BUD, consolidation, HBC, HSBC, InBev, Maven Networks, MavenNetworks, NHRKF, Northern Rock, NorthernRock, Olivant, Richard Branson, RichardBranson, Yahoo, Yahoo!, YHOO
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