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    Business Headlines
    Officials check on Freddie Mac securities sale (Reuters)
    Reuters - U.S. Treasury Department officials are trying to make sure that Freddie Mac, one of two troubled U.S. giant mortgage firms, will be able sell $3 billion in securities this week at a previously scheduled sale, the Washington Post reported on Sunday. -- read full article
    Sun, 13 Jul 2008 14:04:48 GMT - Yahoo! News: Business
    Anheuser, InBev move closer to deal: sources (Reuters)

    Bud Light and Budweiser beer is shown in a cooler at the Toluca Mart liquor store in Los Angeles, California June 16, 2008. (Fred Prouser/Reuters)Reuters - U.S. brewer Anheuser-Busch Cos Inc moved closer to a potential friendly, $50 billion takeover by Belgium-based InBev NV , sources familiar with the situation said on Sunday.


    -- read full article
    Sun, 13 Jul 2008 18:00:36 GMT - Yahoo! News: Business
    Bombardier poised to launch new plane (Reuters)

    Pierre Beaudoin (L), newly appointed president and chief executive officer of Bombardier Inc., waits for the start of the company's annual meeting as Laurent Beaudoin (2nd L), chairman of the board, looks up from his notes in Montreal, June 4, 2008. Bombardier has called a news conference for Sunday amid speculation the Canadian firm could announce the long-awaited launch of its CSeries jet. (Christinne Muschi/Reuters)Reuters - Canada's Bombardier (BBDb.TO) looked set on Saturday to announce the long-awaited launch of its CSeries airliner in a bid to end a transatlantic duopoly held by Boeing and Europe's Airbus .


    -- read full article
    Sat, 12 Jul 2008 22:23:17 GMT - Yahoo! News: Business
    Airbus upbeat about new orders at Farnborough (Reuters)

    Former Airbus developer Juergen Thomas poses beside a model of an Airbus A380 during the opening ceremony of the new Airbus A380 Delivery Centre at the manufacturer's site in Finkenwerder near Hamburg July 4, 2008. Airbus expects to announce new orders at the Farnborough air show next week, its Director-General Fabrice Bregier said in an interview published on Saturday. (Christian Charisius/Reuters)Reuters - Aircraft maker Airbus expects to announce new orders at the Farnborough air show next week, its Director-General Fabrice Bregier said in an interview published on Saturday.


    -- read full article
    Sat, 12 Jul 2008 13:29:04 GMT - Yahoo! News: Business
    Obama cautious on steps to help Freddie/Fannie (Reuters)

    U.S. Senator and Democratic Presidential candidate Barack Obama (D-IL) speaks at a campaign event in New York City, July 10, 2008. Obama said on Saturday he was confident 'prudent steps' by the U.S. government would stabilize mortgage giants Fannie Mae and Freddie Mac but it was necessary to see how it played before deciding on what steps to take. (Mike Segar/Reuters)Reuters - Democratic White House hopeful Barack Obama said on Saturday he was confident "prudent steps" by the U.S. government would stabilize mortgage giants Fannie Mae and Freddie Mac but that it was necessary to see how the situation developed before deciding on what steps to take.


    -- read full article
    Sun, 13 Jul 2008 08:06:07 GMT - Yahoo! News: Business
    IndyMac seized as financial troubles spread (Reuters)

    A man holds the door for a woman as they enter an IndyMac Bank office building next to the corporate headquarters in Pasadena, California, July 8, 2008. (Danny Moloshok/Reuters)Reuters - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.


    -- read full article
    Sun, 13 Jul 2008 00:20:20 GMT - Yahoo! News: Business
    Yahoo rejects joint Microsoft, Icahn proposal (Reuters)

    A combination image showing the (L) Microsoft and Yahoo logos. (Sebastien Pirlet - L/Rick Wilking - R/Reuters)Reuters - Yahoo Inc on Saturday rejected a proposal to sell its search business to Microsoft Corp and hand over the remainder of the company to activist investor Carl Icahn.


    -- read full article
    Sun, 13 Jul 2008 07:27:24 GMT - Yahoo! News: Business
    Credit Suisse chairman defends one bank model: paper (Reuters)

    A picture shows the logo of the Credit Suisse bank in Zurich February 19, 2008. (Christian Hartmann/Reuters)Reuters - Swiss bank Credit Suisse will not withdraw from investment banking despite the losses caused by the credit crisis, the bank's chairman said in an interview published on Saturday.


    -- read full article
    Sat, 12 Jul 2008 09:53:06 GMT - Yahoo! News: Business
    Citi sells German retail banking for $7.7 billion (AP)
    AP - Citigroup will sell its German retail banking operation to France's Credit Mutuel for $7.7 billion in cash. -- read full article
    Fri, 11 Jul 2008 22:07:44 GMT - Yahoo! News: Business
    Economy - Friday (Investor's Business Daily)
    Investor's Business Daily - Nearly 70% of Americans, or every 2 in 3, who applied for a home mortgage found the process more difficult than before the U.S. housing crisis began, as lenders have made it tougher to get credit amid falling home prices, according to a survey by Deloitte. The survey said 65% seeking home equity lines of credit reported greater difficulty, as did 62% looking for personal loans. -- read full article
    Fri, 11 Jul 2008 23:04:54 GMT - Yahoo! News: Business
    Fannie and Freddie fears, oil over $147 hit Wall St (Reuters)

    A board at the New York Stock Exchange shows the final tally for the day, June 26, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks tumbled on Friday as fears about the stability of the top two home financing providers, Fannie Mae and Freddie Mac, combined with oil at a record above $147 to cloud the economic outlook.


    -- read full article
    Sat, 12 Jul 2008 01:03:11 GMT - Yahoo! News: Business
    Stocks, dollar slide on latest credit crisis fear (Reuters)

    A board at the New York Stock Exchange shows the final tally for the day, June 26, 2008. (Brendan McDermid/Reuters)Reuters - Fear the two largest U.S. mortgage finance companies are in such poor health that they need a government bailout pushed financial markets lower on Friday, although stocks pared losses as officials began to talk of safety-net moves for the ailing sector.


    -- read full article
    Sat, 12 Jul 2008 02:43:22 GMT - Yahoo! News: Business
    Fannie, Freddie say they have plenty of capital (Reuters)

    The headquarters of Freddie Mac are pictured in McLean, Virginia, in this file photo from May 14, 2008. (Jason Reed/Files/Reuters)Reuters - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country's two largest mortgage finance companies.


    -- read full article
    Fri, 11 Jul 2008 22:34:50 GMT - Yahoo! News: Business
    Lehman shares plunge amid market distress (Reuters)

    Pedestrians walk past a Lehman Brothers sign in New York, June 19, 2008. (Lucas Jackson/Reuters)Reuters - Shares of Lehman Brothers plunged to nine-year lows and stock in other Wall Street firms declined as new signs of distress in financial markets spooked investors.


    -- read full article
    Sat, 12 Jul 2008 03:09:37 GMT - Yahoo! News: Business
    IndyMac seized as financial troubles spread (Reuters)

    A customer who did not want to give his name talks to a security officer (R) at a closed branch of IndyMac Bank in Burbank, California, July 11, 2008. Mortgage lender IndyMac Bancorp Inc was taken over by the Federal Deposit Insurance Corp on Friday, which will run the bank while it looks for a buyer. IndyMac is the second-largest financial institution in U.S. history to close. The customer and security officer were involved in a brief altercation when the customer was refused to enter into the bank, which resulted in police being called to the scene. No charges were filed. (Fred Prouser/Reuters)Reuters - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.


    -- read full article
    Sat, 12 Jul 2008 06:05:54 GMT - Yahoo! News: Business
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