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    Latest Business News: Sep 22nd, 10am


    by Wochit

    The Sunday Telegraph said without citing sources, that Private equity firm JC Flowers has approached Britain's Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month
    German steelmaker ThyssenKrupp has denied a magazine report that it is preparing to sell its automotive division. Focus magazine said that ThyssenKrupp, struggling with billions of euros of debt and a loss-making Steel Americas business, had asked potential investors for indicative offers for its automotive operations.
    China's richest man, Wang Jianlin, raised the curtain on a plannen $8.17 billion "motion-picture city" which he described as the biggest-ever single-investment-in-the-movie-and-television-industryJianlin, 58, founder of Dalian Wanda Group, was surrounded by Hollywood stars John Travolta, Nicole Kidman and Catherine Zeta-Jones as he launched his most ambitious project yet in the picturesque coastal city of Qingdao.