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)
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.
Futures rise on HP results, but Lehman slips
(Reuters)
Reuters - Stock index futures rose on Wednesday as news of a solid quarterly profit and outlook from Hewlett-Packard , the world's largest computer maker, helped investors battle fears about the credit crisis.
Lehman couldn't secure Korean Funds: report
(Reuters)
Reuters - Lehman Brothers Chief Executive Dick Fuld nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions but the pact disintegrated, the New York Post said citing sources familiar with the matter.
BJ's Wholesale profit up, raises full-year view
(Reuters)
Reuters - BJ's Wholesale Club Inc said on Wednesday quarterly profit rose as shoppers headed to its stores in search of low prices on food and fuel, and the No. 3 U.S. warehouse club operator raised its full-year profit forecast.
China shares surge 5.89 pct by midday
(AFP)
AFP - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
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.