China Direct Confirms Investor Teleconference and Google Seeks Exemption for Cash Hoard

Specialty Retail industry news provided by Financial News USA (OTC: FNWU). China Direct Trading Corp. (OTC BB:CHDTE) recently confirmed that the company has scheduled an investor teleconference to discuss second quarter 2006 results and update investors on current corporate and subsidiary initiatives today, Monday, August 28, 2006 at 10:00 AM Eastern Time. A replay of the call will be available from the www.chdt.us web site one day following the call. Wal-Mart Stores Inc. (NYSE:WMT) has become a member of the National Gay and Lesbian Chamber of Commerce, joining several other major companies that work with the chamber. Wal-Mart, the world's largest retailer, says its decision reflects the company's commitment to advancing diversity among employees, suppliers and customers.Bob McAdams, company vice president of corporate affairs, says the company is in partnership with organizations around the world working on behalf of many groups.

Search-engine giant Google Inc. (Nasdaq:GOOG) has piled up so much cash that it is in danger of being mistaken for an investment fund. The company, which wants to diversify its investment strategy but doesn't want to be regulated as a mutual fund, has asked the Securities and Exchange Commission to exempt it from regulations that can apply to a company with a lot of marketable securities on its balance sheet. The exodus was expected after eBay (Nasdaq:EBAY) raised the amount it charges to run an online store. By raising store fees an average of 6%, eBay was hoping many stores would close up shop, thus engineering a return to a mix of lots of auction listings -- its most profitable product -- and a tiny sliver of items listed for sale in stores, which generate much less revenue for the firm. Currently, there is about four times the number of items listed for sale in stores than in auctions on eBay.

About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information:

Financial News USA

Tel: (626) 961-8041

Email: info@financialnewsusa.com

Related Articles

• Direct Marketing Firm Sitewire Marketspace Solutions Emphasizes the Search Engine Marketing Advantages of the Optimized Press Release
  3 August 2006



• Direct Marketing Agency Sitewire, a Top Search Engine Marketing Firm in Arizona, Provides Insightful Information for Effective Search Engine Marketing
  27 July 2006



• Rugs Direct Selects Coremetrics for Search Engine Marketing and Online Analytics
  26 July 2006



• Direct Mobile Marketing Solution by SMS Text Messages
  13 July 2006



• Improvement Direct Now Offers Google Checkout for Home Improvement Purchases
  2 July 2006



• Local Search and Direct Navigation Creates Boom for Localized Domain Names
  29 June 2006



• Direct Marketing Agency Sitewire Marketspace Solutions Announces Launch of Improved Northcentral University Web Site
  19 June 2006



• Shuttle Direct Airport Transfers Booking Website Uses New Mapping System; Gives Customers Greater Flexibility
  18 June 2006



• Recycle and Sell Used Cell Phones for Cash at PhoneIsCash.com
  14 May 2006



• Out With the Old Cell Phone and In With the Cash; JunkyardWireless.com Is a Web Based Company That Pays Cash for Old Wireless Phones
  12 May 2006