FRAMINGHAM (07/07/2000) - Microsoft Gets Static In European TV DealThe European Commission has circulated a draft decision recommending that Microsoft Corp.'s proposed $3 billion investment in British cable-television concern Telewest Communications PLC be blocked because it threatens competition in the market for digital television technology. Microsoft is seeking a 29.9% stake in the British company, along with joint control of Telewest with AT&T Corp.'s Liberty Media Group. Microsoft is preparing to offer new concessions to gain clearance for the deal. A final decision is expected from the commission this month.

Buy It, Charge It: UPS to Deliver CreditAtlanta-based United Parcel Service of America Inc., moving beyond its core package-delivery business, will offer a credit card and an unsecured line of credit for retailers that purchase products on, an Atlanta-based online concern that sells area rugs and other upscale specialty products. UPS Capital Corp., the financial services arm of UPS, said the agreement is the first of a variety of financing deals it expects to make.

SanDisk to Invest in Israeli Wafer FoundrySunnyvale, California-based SanDisk Corp., the world's largest supplier of flash data storage, will invest $75 million in a three-year, $1.5 billion expansion of Tower Semiconductor, a struggling Israeli wafer foundry.

Government Bids to Stifle Online GamblingThe U.S. House Banking and Financial Services Committee this week sought to cripple online wagering by making it illegal for an Internet gambling business to accept bank instruments like credit cards, debit cards or wire transfers.

Bill proponents said they believe the legislation will cause credit-card issuers to deny online wagering transactions, a committee official said.

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