"EBay Inc., the world's largest Internet auctioneer, said second-quarter profit rose 22 percent after customers listed more items for sale and revenue at its PayPal payment unit jumped," reports Bloomberg.com.
Delta Air Lines Inc. has posted a second quarter loss of $1.04 billion. “The results highlight the burden on Delta and other carriers after fuel costs almost doubled in the past year,” Bloomberg.com reports.
InBev, which recently reached a deal to buy Anheuser-Busch for $52 billion, is likely to sell the American brewer’s theme parks, including Busch Gardens and SeaWorld. “InBev SA is known for acquiring new companies and aggressively slashing costs to pump up its bottom line,” reports BusinessWeek.
Hezbollah leader Hassan Nasrallah has welcomed five militants released by Israel after they arrived in Lebanon's capital, Beirut. The prisoners were released in exchange for the remains of two soldiers.
"Dog meat has been struck from the menus of officially designated Olympic restaurants, and Beijing tourism officials are telling other outlets to discourage consumers from ordering dishes made from dogs," the Associated Press reports.
Colombia's president, Alvaro Uribe, has confimed that a Red Cross symbol was worn by a member of the military rescue mission that freed 15 hostages from FARC rebels. He said that he has apologized to the Red Cross for the error, "made by a nervous soldier acting agasint orders."
U.S. and Afghan troops have abandoned an outpost in eastern Afghanistan where militants killed nine American soldiers this week. Before officers arrived, “insurgents quickly seized the village of Wanat in Nuristan after driving out the handful of police left behind to defend government offices,” ABC news reports.
The Senate has proposed lifting a two-decade ban on people with HIV visiting or immigrating to the United States. The United States is one of a dozen countries that ban travel and immigration for HIV-positive people.
A new New York Times/CBS poll of registered voters nationwide found that Barack Obama leads Republican counterpart John McCain 45 percent to 39 percent. Obama’s six-point lead is unchanged since June, but more voters—1 in 10—now say they are undecided between the candidates, twice as many as last month.
“The Republican reformer is back,” writes Kenneth P. Vogel for Politico, of John McCain. “After a primary in which John McCain sought to avoid talking about his fight to reduce the role of money in politics … the Arizona senator is once again embracing his campaign finance reform credentials.”
The American League beat the National League 4-3 Tuesday night in baseball’s longest-ever All-Star Game. The game, which was the fourth and last to be played in Yankee Stadium, stretched to 15 innings.
A restitution hearing has been scheduled for Wednesday to determine how many investors were bilked by Lou Pearlman, the boy-band architect who put together the Backstreet Boys and ’N Sync. Pearlman is currently serving 25 years in prison on charges of conspiracy, money laundering and making false claims.