Member 4190


U.S. seizes Fannie, Freddie, aims to calm market (Reuters)

08-09-2008 15h24
Reuters - The government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac , launching what could be its biggest bailout ever to support the U.S. housing market and ward off more global financial market turbulence.

Altria to buy UST for $10.3 billion: WSJ (Reuters)

08-09-2008 14h42
Reuters - Cigarette maker Altria Group Inc has agreed to buy Skoal and Copenhagen smokeless tobacco maker UST Inc for about $10.3 billion in cash, the Wall Street Journal said, citing people familiar with the matter.

Boeing strike threatens global aero industry (Reuters)

08-09-2008 14h39
Reuters - Boeing Co's 27,000 machinists prepared for a third day of strike action, halting production at the plane maker's Seattle-area plants in protest at Boeing's contract offer and what they see as plans to shift more jobs to non-union and foreign companies.

China frets at U.S. risk after Fannie/Freddie bailout (Reuters)

08-09-2008 15h06
Reuters - The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.

Universal Pics to back digital cinema upgrade: report (Reuters)

08-09-2008 15h35
Reuters - Universal Pictures has agreed to back rollout of digital cinema equipment in U.S. theaters, people familiar with the matter told the Wall Street Journal.

GE gets "Wells notice" in SEC accounting probe (Reuters)

06-09-2008 06h55
Reuters - General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters.

More Cons Than Pros To 401(k) Loan (Investor's Business Daily)

06-09-2008 07h25
Investor's Business Daily - In the past year, the credit crunch has spread from mortgages to student loans and other types of debt. Home equity lines of credit have been reeled in.
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