PRESS DIGEST – Financial Times – Aug 17

The Financial Times
BAA AIPORTS STRIKE THREAT CALLED OFF
British airport operator BAA and Unite union have agreed a
deal to avert a strike by ground staff at major UK airports.
http://www.ft.com/cms/s/0/c4cd593a-a972-11df-a6f2-00144feabdc0.html

BARCLAYS FINED OVER SANCTIONS BREACH
Barclays (BARC.L: ) has been fined $298 million by U.S.
authorities to over allegations that the bank made payments to
countries facing government sanctions.
http://www.ft.com/cms/s/0/6918f646-a96b-11df-a6f2-00144feabdc0.html

SANTANDER, M&T RESTART U.S. OPERATIONS TALKS

Spain’s Santander (SAN.MC: ) has rekindled talks with M&T Bank
over a merger of Santander’s American operations with the
regional Buffalo, New-York based bank.
http://www.ft.com/cms/s/0/b69fc59a-a969-11df-a6f2-00144feabdc0.html

ONLINE VIDEO GROUP HULU MULLS IPO

Hulu is considering plans for an initial public offering
this autumn, potentially valuing the company at about $2
billion.
http://www.ft.com/cms/s/0/8bfaa260-a941-11df-9e4c-00144feabdc0.html

BP RAISES $5BLN IN LOANS FROM OIL REVENUE

BP (BP.L: ) has raised $5 billion in loans by pledging
revenues from oil sales in a move aiming to diversify its
sources of funding and shore up liquidity.
http://www.ft.com/cms/s/0/a8c9e01e-a95e-11df-a6f2-00144feabdc0.html

TOUGH TARGETS FOR BENEFIT REFORM

Britain’s Treasury has asked Work and Pensions Secretary
Iain Duncan Smith to find 5 pounds of savings for every pound he
spends to simplify the benefits system.
http://www.ft.com/cms/s/0/2fceea48-a97b-11df-a6f2-00144feabdc0.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Aug 17