European Stocks Decline, Led by Royal Bank of Scotland, Man Group, Valeo

(Bloomberg) -- European stocks had their biggest
weekly decline in almost five months on mounting concern
financing difficulties in the credit markets will stifle mergers
and acquisitions.

Royal Bank of Scotland Group Plc and Man Group Plc led a
drop in financial shares today. Valeo SA, Europe's third-largest
maker of car parts, and computer-services company Cap Gemini SA
slipped after earnings missed analysts' estimates.


Read more at Bloomberg Stocks News

Manchester United Postpones Refinancing, Shelves Bonds Backed by Tickets

(Bloomberg) -- Manchester United Plc, the world's
fourth-largest soccer club by revenue, postponed plans to
refinance 660 million pounds ($1.4 billion) of debt as U.S.
subprime mortgage losses roil credit markets.

The English Premier League champions, owned by U.S.
billionaire Malcolm Glazer, called off preliminary talks with
JPMorgan Chase & Co. to refinance debt, according to a person
familiar with the transaction, who declined to be named because
the discussions are private. It also shelved discussions with
Royal Bank of Scotland Group Plc and Deutsche Bank AG to sell
bonds backed by ticket sales, the person said.


Read more at Bloomberg Bonds News

Barclays Raises ABN Offer to $93.4 Billion With China, Singapore Funding

(Bloomberg) -- Barclays Plc, vying to buy ABN Amro
Holding NV in the biggest banking takeover, raised its offer to
67.5 billion euros ($93.4 billion) after securing investments
from the governments of China and Singapore.

Barclays's revised bid is worth 35.73 euros a share and
includes 37 percent cash, the London-based company said today,
4.3 percent more than its previous offer. The bid remains lower
than the 38.40 euro-a-share offer made last week by a trio of
banks led by Royal Bank of Scotland Group Plc.


Read more at Bloomberg Emerging Markets News