---Agence France-Presse - 9/17/2008 12:07 PM GMT
Finance storm sweeps on after AIG's $85bln rescue
The global finance storm swept up a new victim Wednesday as HBOS, Britain's biggest mortgage lender, was reportedly forced into takeover talks after the US government's 85-billion-dollar rescue of AIG.
Stock markets around the world focused on who might follow Lehman Brothers, American International Group (AIG) and Merrill Lynch onto the finance scrap heap leading investors on a hair-raising roller-coaster ride.
The US Federal Reserve 's massive loan to AIG brought some relief to Asian and European markets but storm clouds quickly gathered over HBOS which is in talks to be taken over by British bank TSB Lloyds, the BBC reported.Read details, click subject.
Man Utd unlikely to lose their shirts as sponsor struggles
Manchester United are set to emerge unscathed even if shirt sponsors AIG (American International Group) follows US bank Lehman Brothers in going bust.
MANCHESTER, England (AFP) -
Manchester United are set to emerge unscathed even if shirt sponsors AIG (American International Group) follows US bank Lehman Brothers in going bust.
United have two years left on a club record four-year deal with the insurance giants worth 56.5 million pounds (100.57 million dollars).Read details.
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