Reuters - Airports operator BAA, owned by Spain's
Ferrovial , received a tougher-than-expected ruling
from Britain's competition regulator on Wednesday, which said
it should sell two of its three London airports because of
problems created by its near monopoly.
Reuters - A joint venture created by LandCap Partners is
buying $40 million of troubled land and construction loans from
Wachovia Corp The Wall Street Journal said.
Reuters - EBay Inc is cutting the
fees U.S. sellers on its site pay for fixed-price items, in one
of the company's boldest moves this year to boost merchandise
for sale, lure new buyers and take on competitors.
Reuters - Hewlett-Packard Co
results beat Wall Street targets as net profit rose 14 percent,
subduing fears that slowing economies and a stronger dollar
would weaken the world's biggest computer and printer maker and
its rivals.
Reuters - World stocks edged higher on Wednesday
after the previous day's tumble to their lowest level in almost
two years attracted some buyers, while rebounding commodity
prices helped resource shares.
Reuters - Shares of casino operators fell
sharply on Tuesday amid concerns that the Chinese government
may act to curtail visits by mainlanders to Macau, the only
place in China where gambling is legal.
AFP - Investments in the bonds of struggling US home-loan financers Fannie Mae and Freddie Mac have earned Russia more than a billion dollars in the past six months, press reports said Tuesday.
AP - From affluent shoppers at Saks to bargain-hunters at Target, from Home Depot to office supplier Staples, consumers are pulling back and that's hurting retailers and raising more concerns about how they'll do the rest of the year.
