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Reuters - Shares of Fannie Mae and
Freddie Mac dove to their lowest levels in more than 18
years on mounting fears of a government bailout that would wipe
out shareholders of the two U.S. housing finance giants.
Reuters - Stocks rose in choppy trading on
Wednesday as investors snapped up shares of major technology
companies after Hewlett-Packard reported a strong
profit and outlook.
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.
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.
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.
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.
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.
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.
AP - LeRoi Moore, the versatile saxophonist whose signature staccato fused jazz and funk overtones onto the eclectic sound of the Dave Matthews Band, died Tuesday of complications from injuries he suffered in an all-terrain vehicle accident, the band said. He was 46.
AP - Jessica Simpson is now selling beer. The singer and actress has signed on as spokeswoman for Stampede Light Plus, made by Dallas' Stampede Brewing Co.
E! Online - There's only one pairing more natural than beer ads and buxom blondes, and that's Jessica Simpson and Texas.
E! Online - With all the ogling at Britney Spears' fabulous physique has come the seemingly requisite question whenever celebs lose weight: "Gee, how did they do it?"
E! Online - Gary Glitter's fear of flying has apparently flown away.
Reuters - Ericsson and STMicroelectronics
have agreed to combine their wireless chip and software
businesses, strengthening their hand against competitors to
supply the likes of top cellphone maker Nokia.
AFP - Thailand deported former glam rocker and convicted paedophile Gary Glitter on Wednesday, sending him to Hong Kong after he refused to board a plane to his native Britain, a Thai immigration official said.