Newspaper wrap-up: eBay involved in collusion
Posted Dec 24th 2007 9:00AM by Eric Buscemi
Filed under: Newspapers, eBay (EBAY), Citigroup Inc. (C), Washington Mutual (WM), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO)
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MAJOR PAPERS:
- According to the Wall Street Journal's (subscription required) "Heard on the Street" column, the sell-off in bank stocks like Citigroup (NYSE: C) and Washington Mutual (NYSE: WM) may mean opportunities for investors in smaller institutions that have less exposure to the subprime mortgage market.
- The Financial Times (subscription required) reported that the Federal Banking Commission said it would look into how UBS AG's (NYSE: UBS) wealth manager was forced to write off about $14 billion on its portfolio of securities linked to US residential mortgages.
OTHER PAPERS:
- The UK Telegraph reported that China has begun concerted action to protect its position as one of the world's leading consumers of iron ore and other raw materials by launching a two-pronged initiative to gatecrash the bid battle being fought between BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP).
- The UK Observer reported that, according to an inquiry by MPs, internet auction sites such as eBay (NASDAQ: EBAY) are colluding with ticket touting gangs to obtain seats for top sports events and concerts, which are then sold to fans at rip-off prices.
Tags: bhp, c, ebay, inthenews, rtp, ubs, wm
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Reader Comments (Page 1 of 1)
12-24-2007 @ 11:14AM
John said...
Why does eBay advertise netflix on its site when you search for movies on eBay? Are they tring to drive customers to another site?
12-25-2007 @ 11:47AM
yawn said...
Because it can. And if you think Rental and purchasing a DVD are same then you need to get into another business.