Reuters: Business News

LandCap JV to buy Wachovia loans: report

Wed, 20 Aug 2008 03:22:36 -0400

(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

Wed, 20 Aug 2008 08:04:25 -0400

NEW YORK (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

Wed, 20 Aug 2008 07:34:04 -0400

(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

Wed, 20 Aug 2008 07:40:53 -0400

NEW YORK (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.

Murdoch's pay falls to $27.5 million in 2008

Wed, 20 Aug 2008 04:19:47 -0400

(Reuters) - News Corp Chief Executive Rupert Murdoch's total compensation for 2008 fell 14 percent to about $27.5 million, the company said in a regulatory filing.

Motorola unveils low-end phones for music and Web

Wed, 20 Aug 2008 05:47:52 -0400

SINGAPORE (Reuters) - Motorola Inc, the world's third-largest handset maker, unveiled two new low-end phones on Wednesday that allow users to listen to songs and surf the Web.

EBay lowering fixed-price sellers' listing fees

Wed, 20 Aug 2008 02:10:29 -0400

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.