-LandCap JV to buy Wachovia loans: report
Publish Date :Wed, 20 Aug 2008 01:45:11 -0400
Description :(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
Publish Date :Wed, 20 Aug 2008 00:56:38 -0400
Description :SAN FRANCISCO (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
Publish Date :Tue, 19 Aug 2008 20:01:04 -0400
Description :SAN FRANCISCO (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
Publish Date :Wed, 20 Aug 2008 00:31:05 -0400
Description :HONG KONG (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
Publish Date :Tue, 19 Aug 2008 20:41:45 -0400
Description :WASHINGTON (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.
-Fannie, Freddie fears, inflation slam Wall St
Publish Date :Tue, 19 Aug 2008 18:03:40 -0400
Description :NEW YORK (Reuters) - U.S. stocks fell for a second straight session on Tuesday as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth stoked the market's anxiety.
-IBM invests $300 mln in disaster recovery centers
Publish Date :Tue, 19 Aug 2008 23:20:16 -0400
Description :BOSTON (Reuters) - IBM plans to spend $300 million this year to build 13 "cloud computing" data centers where businesses can store information for quick retrieval in case their computer systems are destroyed in a disaster.
-Ex-hedge fund manager ordered to pay $300 million
Publish Date :Tue, 19 Aug 2008 18:36:35 -0400
Description :BOSTON (Reuters) - A former hedge fund manager was ordered to pay nearly $300 million for having cheated clients by sending out fake account statements, the Commodity Futures Trading Commission said on Tuesday.
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