The Obama administration pledges to stay out of General Motors’ choice of a buyer for its European Opel unit, while union leaders in Germany put more pressure on the U.S. automaker to make a decision. Meanwhile, Lowe’s Companies Inc (LOW.N), the No. 2 U.S. home improvement chain, is making its first foray outside North America through a joint venture with Woolworths Ltd (WOW.AX), Australia’s largest retailer.
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And here’s what’s in the papers (some external links may require subscriptions):
* The sale of Royal Bank of Scotland’s (RBS.L) retail and commercial assets in China has hit a stumbling block that could derail the talks with the preferred bidder, Standard Chartered (STAN.L), the Financial Times reported.
* Britain’s largest free-to-air broadcaster ITV (ITV.L) is weeks away from signing a deal with Hulu, the U.S. video-on-demand venture, to syndicate its content in exchange for equity in the company, the Daily Telegraph said.