The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Oracle gets go-ahead to buy Sun - The US Justice Department has given its approval for business software firm Oracle to take over computer hardware software maker Sun Microsystems.
The $7.4bn (£4.5bn) deal was agreed by the two in April this year, but still needs approval from the European Commission before it can be concluded. (full story)
Vauxhall to learn fate as GM meets Germans - Workers at Vauxhall, the British carmaker, may finally learn the identity of the company's new owner today as General Motors (GM), meets with two bidders for its European business.
The management of GM, the American group that owns Vauxhall in Britain and Opel in Germany, is meeting with the German government to pick a buyer for its European business. (full story)
John Lewis sales fall for second week - John Lewis JLP.UL, the employee-owned group viewed as a barometer of retail spending, said its department store sales have fallen for a second week in a row.
The group, which also runs the upmarket Waitrose supermarket chain, said on Friday sales at its 27 department stores fell 1.4 percent to 46.5 million pounds in the week to August 15, following a decrease of 5.3 percent in the previous week. (full story)
Lending is still falling, warns Bank of England - Bank lending to British business and households continues to fall, according to the latest survey of trends by the Bank of England – but larger companies are successfully turning to capital markets to raise funds, and the latest figures from the housing market show further signs of stabilisation.
In its Trends in Lending report, published yesterday, the Bank of England said total net lending to business had fallen across all the main industrial sectors, that net mortgage lending remained close to its lowest levels and that consumer credit flows have stabilised at "very low" levels. (full story)
Thelondonpaper Set To Close Down - The paper's owner News International has begun a 30-day consultation on the proposed closure with approximately 60 staff.
The company plans to continue to publish the title during the consultation period. (full story)
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