Member 1977


Freddie Mac files with SEC, first step to capital (Reuters)

19-07-2008 04h48
Reuters - Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, and the Wall Street Journal said the mortgage finance company may seek $10 billion.

Government weighs more charges in Bear case (Reuters)

19-07-2008 06h38
Reuters - The government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor said on Friday.

Citigroup $2.5 billion loss soothes investors (Reuters)

19-07-2008 02h49
Reuters - Citigroup Inc posted a smaller-than-expected quarterly loss, despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and a slumping economy.

Bids for Cubs baseball team submitted (Reuters)

19-07-2008 10h39
Reuters - The first bids for the storied Chicago Cubs baseball team and related assets were submitted on Friday in an auction that could fetch more than $1 billion, according to a source close to the process.

Tech stocks sink as Google and Microsoft disappoint, Dow up (Reuters)

19-07-2008 05h36
Reuters - Technology stocks fell on Friday and drove the Nasdaq down 1 percent on disappointing earnings from Google and Microsoft, while Citigroup's smaller-than-expected loss pushed up the Dow and helped keep the broader market near the unchanged mark.

British finance minister paints bleak picture of economy (AFP)

19-07-2008 09h24
AFP - Britain's economic downturn is worse than previously thought and there is no extra money available for public spending, finance minister Alistair Darling said in an interview published Saturday.

Small-Biz Entrepreneurs' 401(k) Perks (Investor's Business Daily)

19-07-2008 07h11
Investor's Business Daily - If you run a small company that does not have a 401(k) plan, you may be missing out on a two-pronged benefit.

Wal-Mart highlights locally grown program in Okla. (AP)

17-07-2008 17h02
AP - Wal-Mart, the nation's largest retailer, has pledged to buy more produce from local farmers as it kicked off a campaign to highlight the fruits and vegetables grown in Oklahoma and sold in its stores.
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