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Today’s Featured News Items


Yahoo! News: Business
Updated : Wed, 20 Aug 2008 12:04:40 GMT

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.



Publ.Date : Wed, 20 Aug 2008 09:00:30 GMT

China shares surge 5.89 pct by midday (AFP)

File photo shows Chinese investors in front of a stock price board at a private securities firm in Shanghai. Share prices have surged 5.89 percent in China amid speculation that authorities will soon launch new measures to boost the ailing stock market(AFP/File/Mark Ralston)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.



Publ.Date : Wed, 20 Aug 2008 04:02:34 GMT

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.



Publ.Date : Tue, 19 Aug 2008 21:53:52 GMT

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.
Publ.Date : Wed, 20 Aug 2008 11:41:00 GMT

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.



Publ.Date : Tue, 19 Aug 2008 18:59:51 GMT

Lehman couldn't secure Korean Funds: report (Reuters)

The exterior of the world headquarters for Lehman Brothers is seen in New York, June 17, 2008. (Shannon Stapleton/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.



Publ.Date : Wed, 20 Aug 2008 09:54:18 GMT

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.



Publ.Date : Wed, 20 Aug 2008 05:26:03 GMT

Futures rise on HP results, but Lehman slips (Reuters)

Traders work on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/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.



Publ.Date : Wed, 20 Aug 2008 12:04:40 GMT

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