Bankers working on a jumbo $55 billion (31 billion pounds) loan backing miner BHP Billiton’s hostile bid for peer Rio Tinto welcomed regulatory clearance of the acquisition on Wednesday, but will have to hold the huge financing on balance sheet over a difficult year-end.

Social Web sites help fill student loan gap (San Francisco Chronicle)
Jennifer Reynolds doesn’t like asking people for money, but the Santa Clara University graduate student found herself writing a pitch for a $7,000 school loan that a company called GreenNote then posted on the Internet. “I love other people foremost,” she…

UPI NewsTrack Business (UPI)
U.S. markets fall on manufacturing news … Candidates pledge jobs, but where? … Nuclear plant loan guarantee apps received … Credit crunch hits large and small … News from United Press International.

Ward going out on loan to Watford (Express and Star)
Wolves today sent defender Darren Ward on loan to Championship rivals Watford. The 30-year-old, who recently came off the transfer list, has rejoined the Hornets on a 29-day loan but he won t be allowed to play against Wolves on October 25.

Loan applicants are put to the test (The Arizona Republic)
Crunch affecting what loans people can receive.

Last day of search for missing fisherman (ABC via Yahoo!7 News)
Police will spend one more day searching for the body of missing deckhand Justin Hellyer in waters off Yorke Peninsula.

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