FUNDING PACKAGE: Goldman Sachs reportedly recommended that the British government give tens of billions of pounds to keep the bank in private hands
British Prime Minister Gordon Brown said on Saturday that his government was in discussions with potential buyers for Northern Rock PLC after receiving a long-awaited proposal by Goldman Sachs on a funding package for the stricken mortgage lender.

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DECENTRALIZATION: The retailer, whose stocks dropped 39 percent last year, is expected to give greater control, authority and autonomy to its many business subsidiaries
Sears Holdings Corp, the owner of Kenmore appliances and the Kmart and Sears retail chains, will appoint executives to run each of its business lines after saying profit may decline for a third straight quarter.

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Techno-superstars that brought the world Facebook, Digg, Twitter and other hot Web sites are among the Internet celebrities honored by big-time bloggers with first-ever "Crunchies" awards.

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Venezuelan President Hugo Chavez threatened on Saturday to take control of banks that fail to meet state-imposed lending requirements designed to benefit Venezuela's farmers.

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Singapore's hotel sector looked set to continue its spectacular rebound as room rates and visitor numbers hit record levels and the city-state unveiled numerous sparkling attractions, specialists said.

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■ OIL

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