Reuters - 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. -- read full article
Sat, 19 Jul 2008 10:00:15 GMT - Yahoo! News: Business
Reuters - 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. -- read full article
Sat, 19 Jul 2008 17:52:14 GMT - Yahoo! News: Business
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. -- read full article
Fri, 18 Jul 2008 22:11:20 GMT - Yahoo! News: Business
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.
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.
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.
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. -- read full article
Sat, 19 Jul 2008 08:11:09 GMT - Yahoo! News: Business
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.
AP - Platinum prices fell to a five-month low Friday as a sagging U.S. economy and a push to build smaller cars prompt automakers to buy less of the metal used in catalytic converters. -- read full article
Fri, 18 Jul 2008 18:35:24 GMT - Yahoo! News: Business
Reuters - Yahoo Inc's second largest
institutional shareholder Legg Mason Capital Management said on
Friday it will back Yahoo's board, dealing a blow to a
billionaire investor Carl Icahn's efforts to get a rival board
slate elected.
Reuters - In a rare slip for Google Inc
, Yahoo Inc and Microsoft Corp gained
share as Google lost ground in the Web search market in June,
industry data released on Friday shows. -- read full article
Fri, 18 Jul 2008 18:52:54 GMT - Yahoo! News: Business
Reuters - The Nasdaq and S&P 500 stock indexes
fell on Friday after disappointing results from Google Inc
and Microsoft Corp drove a technology
sell-off.
Reuters - U.S. regulators on Friday approved
Freddie Mac's application to register its stock with
the U.S. Securities and Exchange Commission, clearing the way
for the troubled mortgage finance company to raise fresh
capital. -- read full article
Fri, 18 Jul 2008 17:32:17 GMT - Yahoo! News: Business
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.
Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days. -- read full article
Thu, 17 Jul 2008 22:46:49 GMT - Yahoo! News: Business
