And in the real world... J Sainsbury, Bank of England, Yahoo and more...

LONDON - Today's round-up of the biggest business stories

The World...latest business news
The World...latest business news

J Sainsbury may be subject to a takeover bid after the Qataris, one of its biggest shareholders, made a £610 million profit by selling a stake in Barclays. The Qatar sovereign wealth fund already owns a 26 per cent stake in the supermarket giant, and the Barclays sale has sparked fresh speculation that an outright bid for the group could be imminent.
Source: Guardian

Mervyn King, the governor of the Bank of England, has criticised the banking industry's failure to reform despite overwhelming support from taxpayers. King said that it would be the British public who will pay the cost of the crisis, after figures showed the budget deficit rose to record levels in the first half of the fiscal year.
Source: Daily Telegraph

Yahoo has reported a 244 per cent rise in quarterly profits, thanks to a deep cost-cutting exercise and a strategic overhaul of the business. The internet company's profits rose from $54 million to $186 million for the three months to September, which helped to raise the company's shares by 5 per cent.
Source: Guardian

Anurag Dikshit, one of the founding shareholders of the online gaming operator PartyGaming, has sold two thirds of his holding to institutions for almost $190 million.
Source: The Times

Debenhams has become the first UK department store to sell its products on both eBay and Amazon, as it looks to boost sales across its range of products. The company is selling almost 1,000 products on Amazon, including its Designers at Debenhams clothing and beauty products range.
Source: Independent

Greggs, the bakery chain, has announced that it is to open an extra 600 shops in the UK after seeing its sales rise by 1 per cent for the first 42 weeks of this year.
Source: Daily Telegraph

Pearson, the publisher of the Financial Times and Penguin books, saw its underlying sales rise by 3 per cent for the first nine months of 2009, thanks to a strong performance from its education business. However, the underlying sales at FT Publishing for the same period fell by 14 per cent.
Source: Daily Mail

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