Chancellor outlined the plan at the Conservative Party conference in Manchester.
The London-headquartered firm has received two separate proposals valuing it at £422m and £397m respectively.
Business secretary claims the Tories are now the party of working people after Corbyn's victory.
Business secretary refused to turn a blind eye on 'bad practice' in Conservative conference speech.
Controversy-ridden cult fashion brand says it will cut down down to $135m.
PM Alexis Tsipras hopes to lure back investors and fulfil his election-campaign promises.
Robert Peston is leaving the BBC for ITV, where he will host of a new Sunday morning talk show to rival the Andrew Marr show.
One of the key properties company sold was 33 Portland Place in London.
Disagreements over pharmaceuticals and agriculture have halted optimistic TTP talks.
IBTimes spoke to Fabian Vandenreydt, head of markets at Innotribe and the Swift Institute, about blockchains.
Conservative Chancellor says the move will help the UK move toward a 'share owning democracy'.
Pedro Passos Coelho's Social Democratic Party-led coalition still fell short of a parliamentary majority.
Risks include higher interest rates, emerging market weaknesses, euro zone economy among others.
Cuts part of company's strategy to shift low-cost jobs to Asia.
IBTimes was invited by Invest Lithuania to visit the country's exploding startup scene.
Total cost to society from increased pollutants pegged as high as $170m (£112m; €151m).
VW's finance chief Hans Dieter Poetsch expected to be appointed new head of board.
When England was eliminated from the Fifa World Cup in June 2014, the rate was high.
Manufacturing, especially in Germany's Ruhr area, accounts for 22% of the country's GDP.
Conservative chancellor says the move will help families across the UK and boost the economy.
Steel plant will still be closed, leaving 2,000 plant workers at risk of redundancy.
Portugal was poorer than Greece until a year ago and has already been through its own bailout.
Carlos Ghosn urges EU not to undermine competitiveness of diesel sector in leaked letter.
The service will only work for advance tickets bought through the Virgin app or website
Symantec has spotted a new virus that compromises routers and IoT devices to make them more secure.
Employment gains in August were revised down from 173,000 to 136,000 in a second estimate.
Some 1,700 are still at risk, although the government has offered a £80m retraining and support package.
John Nelson spoke up about the negative antics of big business leading to 'mistrust in capitalism'.
France becomes first country in Europe to launch independent tests into 'fraud'.
This is a counter-suit to HP's $5bn pending claim against Lynch and Sushovan Hussain.