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BAA must sell 3 airports (Reuters)

Travellers walk past BAA luggage trolleys at Heathrow airport in west London August 20, 2008. (Suzanne Plunkett/Reuters)Reuters - Spanish builder Ferrovial must sell three of the seven British airports it bought for 10 billion pounds ($18 billion) two years ago under a tougher-than-expected ruling on Wednesday.


LandCap JV to buy Wachovia loans: report (Reuters)

The sign outside a Wachovia Bank branch in Denver is pictured July 22, 2008. (Rick Wilking/Reuters)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.


Murdoch's pay falls to $27.5 million in 2008 (Reuters)

Chairman and CEO of News Corp Rupert Murdoch speaks during a news conference in Mumbai August 4, 2008. (Punit Paranjpe/Reuters)Reuters - News Corp (NWSa.N) Chief Executive Rupert Murdoch's total compensation for 2008 fell 14 percent to about $27.5 million, the company said in a regulatory filing.


EBay lowering fixed-price sellers' listing fees (Reuters)

Brian Winer of Los Angeles uses an eBay kiosk to check on an item he has for sale during the Consumer Electronics Show in Las Vegas, January 6, 2006. (Steve Marcus/Reuters)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.


Oil climbs to $115 a barrel on lower dollar (Reuters)

An oil tanker nears the Trans-Alaska Pipeline Marine Terminal in Valdez, Alaska, August, 9 2008. (Lucas Jackson/Reuters)Reuters - Oil prices extended gains to $115 a barrel on Wednesday, after a lower U.S. dollar rekindled buying in oil and other commodities.


Cox: SEC to propose short sale rule in weeks (Reuters)

Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week.


Russia 'makes 1 bln dlrs' on Fannie Mae, Freddie Mac bonds: reports (AFP)

The Freddie Mac headquarters in McLean, Virginia. 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.(AFP/File/Paul J. Richards)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.


2Q profit reports from retailers show more strain (AP)

Customers make purchases at a Home Depot story in Chicago, Friday, Aug. 8, 2008. The Home Depot Inc., the nation's largest home improvement retailer, reported a 24 percent drop in second-quarter profit Tuesday, Aug. 8, 2008, but beat Wall Street expectations. The company reiterated its downbeat outlook for the year amid a weak housing and home improvement market that shows no signs of recovery. (AP Photo/Charles Rex Arbogast)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.