Woolworths' Suspends Trading

Trading in Woolworths' shares was suspended this morning at the company's request: the company is near bankruptcy and in negotiations for a rescue. Selling the BBC Woolworths' 40 percent share of their 2entertain joint venture, which produces and distributes BBC shows on DVD is a possibility. There are reports of an agreement of sale of that unit for 100 million pounds to the BBC Worldwide—which owns the other 60 percent—but the Times says "the sale of the DVD business hinges on talks over the rest of the business."