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Reuters Business News: Fed to keep rates steady amid subprime woes - MSN Money
The U.S. central bank’s policy-setting Federal Open Market Committee began meeting at about 2:30 p.m. (1830 GMT) and will announce its decision on rates on Wednesday at around 2:15 p.m.
Reuters Business News: Zell revising bid for Tribune: report - MSN Money
Details of Zell’s revised offer weren’t clear the Journal said although it is already known that his bid involved use of an employee stock-ownership plan taking on debt to buy some of the newspaper and TV company. Tribune executives have become increasingly concerned about any deal involving a large amount of debt given the weakening business outlook for newspapers.
Reuters Business News: PayPal customers in Europe number near 35 million - MSN Money
In 2006 PayPal processed $8.4 billion of payments in Europe representing around 22 percent of its worldwide total of $37.8 billion. PayPal previously only disclosed the number of registered users and payment volumes in the United States and for all international customers.