Google to bid for U.S. airwaves if condition added

(Reuters) - The prospect of Google's participation in the auction escalates the debate over how the valuable airwaves should be used.




Ten days after Federal Communications Commission Chairman Kevin Martin floated a proposed set of rules for the auction, Google said it wants the FCC to require the winning bidder to offer to resell access to some of the airwaves to competitors on a wholesale basis.


Read more at Reuters.com Business News

Citigroup, Lennar, State Street, Tessera Technologies: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges on
July 23. This preview includes news that broke after exchanges
closed. Stock symbols are in parentheses after company names.

Amgen Inc. (AMGN US): The company's anemia drugs will be
restricted at high doses for patients on kidney dialysis
treatment, according to a statement from the U.S. health program
for the elderly and disabled. The policy will provide greater
restrictions on dosages when a patient's level of hemoglobin
exceeds 13 grams per deciliter of blood, the Medicare agency
said. The stock rose 61 cents to $56.18 in regular trading.


Read more at Bloomberg Stocks News

U.S. home builder woes reach into other industries

(Reuters) - Still, several investors remain positive about the long-
term outlook for U.S. home builders, although a rebound may be
years away.




"It won't really be until 2010 before we start seeing
normal levels of activity in most parts of the country," said
Mark Zandi, chief economist of Moody's Economy.com.


Read more at Reuters.com Bonds News

Texas agency okays 8 zones for new wind projects

(Reuters) - "It's a really good day for wind industry in Texas - for
economic development and for air quality," said Susan Williams
Sloan of the American Wind Energy Association, a trade group
for the wind industry.




Once finalized, the commission ruling will allow the
state's electric grid operator to begin studies of specific
transmission routes for power lines to serve proposed wind
farms to be built by other firms, Hadley said.


Read more at Reuters.com Bonds News

Global growth helps U.S. profits, big-cap stocks

(Reuters) - Appliance maker Whirlpool Corp. and Citigroup Inc.
were among companies on Friday that cited strong
international results as bolstering their quarterly earnings,
helping to offset weakness in U.S. results.




Also benefiting corporate bottom lines is the weakening
U.S. dollar, which has been trading near lows against major
currencies, including the euro. The currency rates mean that
when companies' overseas profits are converted into dollars
they are worth more.


Read more at Reuters.com Market News

UPDATE 1-Cameco finds uranium in soil at Ontario plant

(Reuters) - The company, the world's largest uranium producer, said
"the chemicals are in a contained area so public health and
worker safety are not affected." It added all regulatory
authorities have been notified.




The company has suspended work at the conversion plant in
Port Hope, Ontario, and is conducting an investigation to
determine the source of the chemicals. It said full production
of uranium hexafluoride will likely be suspended for "a
minimum" of two months. It said a cost estimate was not
immediately available.


Read more at Reuters.com Government Filings News

DEALTALK: Hedge funds opt to be lenders of last resort

(Reuters) - NEW YORK, July 20 - Future residents of the
Cottage Gate development in Middletown, New Jersey, may be
surprised to learn their granite countertops and two-car
garages were paid for by a hedge fund.




But after Kara Homes Inc. declared bankruptcy in October,
hedge fund Plainfield Specialty Holdings provided financing to
help the troubled homebuilder keep operating, assuming loans to
pay for the construction of individual houses at Cottage Gate
and elsewhere.


Read more at Reuters.com Bonds News