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Member 4039
Freddie Mac files with SEC, first step to capital (Reuters)
19-07-2008 04h48Reuters - 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.
Ford to retool U.S. plants for European cars: report (Reuters)
20-07-2008 02h52Reuters - Car maker Ford Motor Co is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday.
House prices could fall for two years: Citigroup (Reuters)
19-07-2008 17h11Reuters - 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 06h38Reuters - 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.
EU wants co-operation with SEC on rating agencies: report (Reuters)
19-07-2008 19h00Reuters - The European Commission wants to cooperate closely with the U.S. Securities and Exchange Commission (SEC) on the planned regulation of credit rating agencies, the German financial weekly Euro am Sonntag reported.
Bush assures US economy will 'pull through' (AFP)
19-07-2008 23h12AFP - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
Court upholds dismissal of verdict against trader (Reuters)
19-07-2008 01h10Reuters - A judge was right to throw out a jury's securities fraud conviction of a former New York Stock Exchange floor trader because prosecutors did not prove their case, a federal appeals court ruled on Friday.
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