Member 2972


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.

House prices could fall for two years: Citigroup (Reuters)

19-07-2008 17h11
Reuters - Citigroup chairman Win Bischoff has warned that house prices in Britain and the United States are likely to keep falling for another two years.

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.

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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