Media: Making money on wireless will take years 
The wireless industry is pinning hopes for growth on video services, yet top media executives say they do not see cell phone projects reaping significant financial reward in the next several years.

Singapore luxury homes hit record 
Singapore waterfront apartments built by Cheung Kong, the flagship corporation of Li Ka-shing, the Hong Kong billionaire, set a record for so-called leasehold properties in the city-state, with the company selling almost all the units.

Nevada Lawyer Buys Chesapeake Lighthouse 
Michael Gabriel of Carson City, Nev., will pay $100,000 cash for the 125-year-old lighthouse south of Kent Island and says he hopes to restore it for public visits.


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