- 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.
- 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.
- HP results top Street despite stronger dollar
(Reuters)
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.
- Asia stocks rebound on hopes for China boost
(Reuters)
Reuters - Most Asian stock markets edged higher
on Wednesday, rebounding from a two-year low as Chinese shares
surged on hopes for policies from Beijing to jumpstart growth,
though many analysts said it was a long shot.
- Inflation pressures mount as home building slows
(Reuters)
Reuters - U.S. wholesale prices shot up in
July at the fastest annual rate in 27 years, while home
builders cut back on construction as they worked through a glut
of unsold homes, government data showed on Tuesday.
- Out with EDGAR, in with IDEA; SEC’s new system
(Reuters)
Reuters - EDGAR, the computer database for
filing documents with the U.S. Securities and Exchange
Commission, is giving way to a new system that aims to let
investors more easily analyze corporate reports and other
financial information.
- 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.
- 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.
