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	11/17/2011
Hello Britain has agreed to sell nationalized lender Northern Rock to Virgin Money, the banking arm of Richard Branson's Virgin empire, in a loss-making deal that marks the start of the government's exit from banks it bailed out in the 2008 crisis. Here's a timeline of Northern Rock's rise and fall. "John Paulson, the billionaire hedge- fund manager having the worst year of his career, may have made a $439 million profit from the sale of his Delphi Automotive Plc shares in yesterday's initial public offering," Bloomberg reports. "Angie's List Inc. and Yelp Inc., which serve up online business reviews, are both tapping investor fervor for Web stocks with high-flying initial public offerings. But that's where the similarities end," the WSJ reports.   LATEST NEWS UK sells bailed out bank Northern Rock to Virgin LONDON (Reuters) - Britain has agreed to sell nationalized lender Northern Rock to Virgin Money, the banking arm of Richard Branson's Virgin empire, in a loss-making deal that marks the start of the government's exit from banks it bailed out in the 2008 crisis. | Full Article Advantage, Bain, Orix in final round for Yayoi: sources November 17, 2011 09:15 AM ET TOKYO (Reuters) - Private equity firms Advantage Partners, Bain Capital and Japanese financial company Orix Corp have advanced to the final round of bidding for MBK Partners planned sale of software developer Yayoi, in a deal worth about $800 million, sources said. | Full Article Solyndra postpones sale until January, seeks better bids November 17, 2011 08:56 AM ET (Reuters) - Solyndra LLC, the failed solar panel maker at the center of a political firestorm in Washington, did not receive any acceptable bids by a Wednesday night deadline, and postponed an auction for its California manufacturing plant for two months. | Full Article Delphi Automotive shares fall on market debut November 17, 2011 09:52 AM ET (Reuters) - Delphi Automotive Plc's shares fell 3 percent on their first day of trading, a day after the former General Motors auto parts unit priced its initial public offering at the low end of its estimated price range. | Full Article S.Korea to pick advisers for Daewoo stake sale next November 17, 2011 09:18 AM ET SEOUL (Reuters) - South Korea plans to pick advisers next month for the sale of the 19.1 percent stake in Daewoo Shipbuilding & Marine Engineering Co Ltd held by state-run Korea Asset Management Corp (KAMCO), a source familiar with the situation said, part of efforts to recoup public funds injected after the Asian financial crisis. | Full Article TOP NEWS Jobless claims at 7-month low, building permits jump November 17, 2011 09:45 AM ET WASHINGTON (Reuters) - New claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction. | Full Article Spanish, French borrowing costs raise contagion alarm November 17, 2011 09:30 AM ET MADRID/PARIS (Reuters) - Spain and France faced sharply higher borrowing costs on Thursday, struggling with bond auctions that highlighted the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is now threatening Italy. | Full Article Hundreds of protesters march on Wall Street November 17, 2011 09:23 AM ET NEW YORK (Reuters) - Hundreds of Occupy Wall Street protesters marched through New York's financial district toward the stock exchange on Thursday to protest economic inequality at the heart of the American capitalism. | Full Article Obama to announce Asian export deals for Boeing, GE November 17, 2011 09:56 AM ET NUSA DUA, INDONESIA (Reuters) - President Barack Obama will showcase a $21.7 billion deal Boeing has struck with Indonesia's largest domestic airline, Lion Air, the White House said. | Full Article New premier Monti says Italy faces emergency November 17, 2011 09:25 AM ET ROME (Reuters) - New Prime Minister Mario Monti said on Thursday Italy faced a major emergency as he promised rigor and fairness in sweeping reforms to dig the country out of a major financial crisis. | Full Article TECHNOLOGY NEWS Google launches music service Samsung says alters tablet design to avoid German sales ban Asia's mobile tech-driven healthcare market seen at $7 billion Google argues against U.S. online piracy bill Ex-U.S. admiral raises cash for cyber security firm RELATED VIDEO Inside the News: Stop options put a brake on euro's decline Russia's Lukoil has $1.8 bln to buy North American assets China vs. India: policy shifts and "risk-on trades" A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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