Northern Rock has been sold to Virgin Money, for £747m, marking the first return of a UK government-backed bank to the private sector since the financial crisis
US stock futures declined as Spain’s borrowing costs soared at an auction of the country’s bonds, adding to concern that the euro area’s sovereign-debt crisis has moved to the currency region’s larger economies
Crude-oil futures fall after big gains in the previous session, as worries about the Eurozone and the health of the global economy once again preoccupy investors
General Maritime files for bankruptcy protection with $1.4 billion in debt
The New York-based crude oil transportation company listed assets of $1.71 billion and debt of $1.41 billion in a Chapter 11 petition filed today in U.S. Bankruptcy Court in Manhattan
