Member 159


China and Japan hail U.S. mortgage rescue as doubts linger (Reuters)

08-09-2008 20h08
Reuters - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, on Monday praised Washington for rescuing the ailing mortgage giants, but investors said the bailout had not ended global credit market misery.

Altria to buy UST for $10.4 billion (Reuters)

08-09-2008 21h01
Reuters - Altria Group Inc has agreed to buy smokeless tobacco company UST Inc for $10.4 billion, the companies said on Monday, in a move that will combine the Marlboro cigarette brand with the Skoal and Copenhagen smokeless tobacco products.

Boeing strike impact to be felt globally (Reuters)

08-09-2008 20h13
Reuters - Aerospace groups dusted off contingency plans on Monday for a potentially lengthy strike at Boeing, whose workers halted production for a third day, while shares in the parent of European rival Airbus got a sharp boost.

Freddie, Fannie plan protects taxpayers: Paulson (Reuters)

08-09-2008 18h38
Reuters - Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers.

Russia aims to corner energy market: U.S. official (Reuters)

08-09-2008 18h57
Reuters - Russia aims to extend its control over energy deliveries to the West and it is important that European countries push forward on efforts to diversify routes for oil and gas supplies, a senior U.S. official said on Monday.

European stocks soar in early trade, Paris up four percent (AFP)

08-09-2008 17h27
AFP - European stock markets surged in early trading on Monday, mirroring sharp gains won across Asia after the US government seized control of ailing mortgage giants Fannie Mae and Freddie Mac.
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