Port play

DP World, the Middle East’s biggest port opera tor, said a private equity investor approached its parent Dubai World about buying a minority stake in the ports com pany. Dubai World’s dis cussions with the un named private equity company “may or may not result in a transac tion regarding a minority stake in DP World,” the Dubai government- owned company said yesterday. DP World op erates 49 terminals in 27 countries.

All’s Wells

Wells Fargo, deemed to need $13.7 billion in capital by the US stress tests last week, said it has the earnings power to fill its capital deficit by November and will apply to repay $25 billion in federal rescue money “as soon as practical,” the Financial Times’ Web site reported yes terday, citing CFO How ard Atkins.

Intel intel

Intel this week is ex pected to face as much as $4 billion in penalties from the European Union for anti-competi tive behavior. The EU, which slapped Microsoft with more than $1 billion in penalties, may force changes in the tech gi ant’s business model.

On Safeway

With employees threatening to walk off the job, Denver-based Safeway agreed to re sume negotiations with its union workers, a company spokeswoman said yesterday. The labor contract between Safe way and its workers ex pired Saturday night without a new labor agreement, and workers were planning to strike as soon as today.