RSS
The Bottom Line
Beleaguered British lender Northern Rock said the British government was backing a takeover bid led by Virgin Group.
 

B

eleaguered British lender Northern Rock said the British government was backing a takeover bid led by Virgin Group. The Virgin-led bid would immediately repay about $22 billion of the $50 billion lent to Northern Rock by the Bank of England, and rename the acquired bank Virgin Money. (Bloomberg)
 

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week