French nuclear energy giant EDF has bid $4.5bn (£3bn) to buy part of Constellation Energy in an attempt to block a rival offer from Warren Buffett's MidAmerican Energy...
...EDF, which owns a 9.5% stake in Constellation, wants to buy half of the American power company's nuclear business to gain generating capacity in the US - The Daily Telegraph
Spain's passion for hiring big name architects for public buildings has backfired after one stormed off complaining he was not getting as big a budget as others involved in a prestigious new court complex in the Spanish capital. While British-based Pritzker-winning architects such as Norman Foster, Richard Rogers and Zaha Hadid were reportedly being offered generous budgets for their buildings at Madrid's exciting new Campus of Justice, Alejandro Zaera Polo said he was getting short-changed - The Guardian
Leading bus and rail operator Stagecoach warned yesterday the train will soon start feeling the effects of the economic downturn and widespread job losses in the City of London. Its warning, which weighed heavily on shares in the bus and rail sector, came as British Airways reported a fall in the number of passengers it carried last month, with first and business class figures showing a double-digit decline - The Guardian
Barratt Developments, the troubled house builder, has sold £109M of assets as it attempts to raise cash to pay off bank debts. The sales are from the group's commercial property arm, Wilson Bowden Developments, and include a £79M deal fir Eagles Meadow shopping centre in Wrexham - The Daily Telegraph
Companies in the oil-rich Gulf have performed spectacularly well over the past few years, as the region basked in abundant liquidity and governments pursued aggressive diversification drives. But, as a global recession sets in, oil prices tumble and credit tightens, the good times are coming to and end. Early predictions that the Arab states of the Gulf would be largely protected. As the turmoil has spread, the Gulf has been hit by its own liquidity freeze - Financial Times