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An ideological battle has erupted between George Bush and Barack Obama, with the outgoing President baulking at proposals to prop up General Motors, once the world’s largest car maker, which could go bust by Christmas.

Heavyweight lends backing to Lloyds TSB deal with HBOS
Corporate governance watchdog Pirc is advising its institutional investor clients to vote in favour of Lloyds TSB’s effective takeover of HBOS - declaring there has been “sufficient independent scrutiny” of the UK Government-brokered deal.