Reuters - Thomas O'Brien, the U.S. Attorney
for California's Central District, is emerging as a likely
prosecutor in criminal cases expected from the U.S. mortgage
meltdown. -- read full article
Sun, 07 Sep 2008 07:32:53 GMT - Yahoo! News: Business
Reuters - Boeing Co's
27,000-strong machinists' union walked off the job on Saturday
after the plane maker failed to improve its contract offer
following two days of emergency talks.
Reuters - The U.S. government on Sunday seized
control of mortgage finance companies Fannie Mae and
Freddie Mac , in what could be the biggest federal
bailout in U.S. history in a bid to support the U.S. housing
market and ward off more global financial market turbulence.
Reuters - Fannie Mae and Freddie Mac
shareholders, including preferred stockholders, will
not fair well under a proposed U.S. Treasury takeover of the
two housing finance companies, House Financial Services
Committee Chairman Barney Frank told Reuters on Saturday. -- read full article
Sat, 06 Sep 2008 21:49:06 GMT - Yahoo! News: Business
Reuters - Boeing Co's
27,000-strong machinists' union walked off the job on Saturday
after the plane maker failed to improve its contract offer
following two days of emergency talks.
Reuters - The U.S. government plans to take
over Fannie Mae and Freddie Mac and all
shareholders of the two mortgage giants will take a hit, an
influential lawmaker said on Saturday.
Reuters - Germany's Media Markt, Europe's biggest
electrical goods retailer, has rejected a request from DSG
International Plc to consider a bid for its closest
rival, the Financial Times said on its Web site. -- read full article
Sat, 06 Sep 2008 09:32:22 GMT - Yahoo! News: Business
Reuters - Alitalia's (AZPIa.MI) adviser will
soon present its rescue plan for the airline to British Airways
, considered by Italy as a possible foreign partner for
the bankrupt airline, an executive told a newspaper.
Reuters - Boeing Co's
27,000-strong machinists' union walked off the job on Saturday
after the plane maker failed to improve its contract offer
after two days of emergency talks.
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. -- read full article
Fri, 05 Sep 2008 22:25:10 GMT - Yahoo! News: Business
AFP - Wall Street shares recovered from steep early losses and finished mostly higher Friday as the market was able to shake off a jump in unemployment that sparked renewed fears of a US recession.
Reuters - Citigroup could sell its
Primerica financial services unit and its First American
banking subsidiary in Texas as the bank continues to
restructure its business, Ladenburg Thalmann analyst Richard
Bove said in a research note. -- read full article
Sat, 06 Sep 2008 03:39:20 GMT - Yahoo! News: Business
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. -- read full article
Fri, 05 Sep 2008 21:55:11 GMT - Yahoo! News: Business
Reuters - Maurice "Hank" Greenberg, the former
CEO of American International Group Inc , could face a
fine of up to $100 million to settle three-year-old civil fraud
charges brought by New York's attorney general, according to
business news channel CNBC on Friday.
Reuters - Boeing Co's
27,000-strong machinists' union walked off the job on Saturday
after the plane maker failed to improve its contract offer
after two days of emergency talks.
