Citigroup May Sell $12 Billion of Loans, Person Says (Bloomberg) Lots of chatter that on a thawing in certain a-liquid markets, or at least an attempt at holding a hairdryer to the iceberg. Word is that Citigroup may be able to unload $12 billion in loan off of its books, which at this point would be like getting a free $12 billion. It's practically found money. Optimism that such a sale could take place pushed Citigroup shares 3 percent higher in German trading.
China Said To Ready Bid For BHP (Forbes) As the article calls it, it's a bit unbelievable, but there's renewed talk of a China-led buyout of BHP. Talk to this effect has come up in the past, though it didn't seem very credible at the time. And it's still not clear how serious the reports are -- the original report was in The Australian, and it didn't seem very specific. Also, the suggestion is that the main thrust would be about thwarting BHP's bid for Rio Tinto, which is understandable, but seems like overkill.
Oasis HK Air halts operations amid swelling losses (MarketWatch) Did you realize that there were like four airplane carrier shutdowns in the past week in the US? Yup, all the budget airlines that don't charge are finding things a tad difficult in the current environment. Looks like the pain is being ilternationally, as budget airline HK Air, in Hong Kong, has shuttered its service on high fuel prices. All flights have been canceled, and it plans to bring about a liquidation
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