BAA must sell 3 airports
(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.
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LandCap JV to buy Wachovia loans: report
(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.
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Murdoch's pay falls to $27.5 million in 2008
(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.
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EBay lowering fixed-price sellers' listing fees
(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.
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Oil climbs to $115 a barrel on lower dollar
(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.
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Cox: SEC to propose short sale rule in weeks
(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.
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Russia 'makes 1 bln dlrs' on Fannie Mae, Freddie Mac bonds: reports
(AFP)
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.
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2Q profit reports from retailers show more strain
(AP)
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.
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