Archive for November 25th, 2007

Northern Rock to name Virgin as preferred bidder

Sunday, November 25th, 2007

LONDON - Richard Branson’s Virgin Group is set to be named preferred bidder to rescue ailing British bank Northern Rock , a person familiar with the situation has said on Sunday.

Retail traffic up with spending down in holiday start

Sunday, November 25th, 2007

NEW YORK - Deep discounts and extended hours drew more than 147 million shoppers to United States stores over the four-day Thanksgiving holiday shopping period, but average consumer spending fell, a retailers’ group has said on Sunday.

Harley-Davidson shares have room to run: Barron’s

Sunday, November 25th, 2007

NEW YORK - Shares of motorcycle maker Harley-Davidson Inc may be cheap, given the company’s strong brand recognition with consumers, Barron’s has said in its November 26 issue.

Flowers and Virgin front-runners for Northern Rock

Sunday, November 25th, 2007

LONDON - Richard Branson’s Virgin Group and United States purchaseout firm J.C. Flowers are the two front-runners to purchase ailing British bank Northern Rock , people familiar with situation has said on Sunday, but shareholders are unlikely to get much from either.