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    Business Headlines
    UAL shares walloped by new posting of old news (Reuters)

    United Airlines planes are seen at O'Hare International airport in Chicago June 4, 2008. (Jeff Haynes/Reuters)Reuters - A nearly 6-year-old news story on the 2002 bankruptcy filing of UAL Corp resurfaced on the Internet on Monday, clobbering the airline's shares as some traders mistook the report as current and plausible news.


    -- read full article
    Tue, 09 Sep 2008 04:40:25 GMT - Yahoo! News: Business
    Fannie, Freddie bailout greeted with cautious optimism (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. (Jason Reed/Reuters)Reuters - U.S. mortgage rates fell on Monday after the government seized control of Fannie Mae and Freddie Mac, raising hopes the plan would provide at least temporary respite from troubles in housing and credit markets.


    -- read full article
    Mon, 08 Sep 2008 21:25:32 GMT - Yahoo! News: Business
    British mortgage lender Nationwide snaps up struggling peers (AFP)

    A property for sale in east London in early April 2008. Nationwide Building Society, the second biggest lender of home loans in Britain, said it had agreed to buy two smaller peers struggling to cope with the global credit crunch.(AFP/File/Shaun Curry)AFP - Nationwide Building Society, the second biggest lender of home loans in Britain, said Monday it had agreed to buy two smaller peers struggling to cope with the global credit crunch.


    -- read full article
    Mon, 08 Sep 2008 13:05:40 GMT - Yahoo! News: Business
    Wall Street may cheer Fannie, Freddie bailout (AP)

    Treasury Secretary Henry Paulson, Jr., left, and Federal Housing Finance Agency Director James Lockhart, right, exchanges places during their news conference in Washington, Sunday, Sept. 7, 2008 on the bailout of mortgage giants Fannie Mae and Freddie Mac. (AP Photo/Susan Walsh)AP - Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.


    -- read full article
    Mon, 08 Sep 2008 09:54:59 GMT - Yahoo! News: Business
    Apple shares decline ahead of Tuesday event (Reuters)

    A man enters the shop of Polish mobile operator Orange, during the first day of sales for Apple Inc's iPhone, in Warsaw August 22, 2008. (Kacper Pempel/Reuters)Reuters - Apple Inc shares fell as much as 5 percent on Monday ahead of a highly anticipated event on Tuesday when the maker of the Mac, iPod and iPhone is expected to roll out a new iPod Nano and may give an update on iPhone sales.


    -- read full article
    Mon, 08 Sep 2008 17:09:54 GMT - Yahoo! News: Business
    UAL says press report on bankruptcy is untrue (Reuters)

    United Airlines planes are seen at O'Hare International airport in Chicago June 4, 2008. (Jeff Haynes/Reuters)Reuters - UAL Corp , parent of United Airlines, said on Monday that a Chicago Tribune story, apparently published in error, claiming UAL had gone into bankruptcy was untrue.


    -- read full article
    Mon, 08 Sep 2008 16:44:44 GMT - Yahoo! News: Business
    Dow, S&P gain on Fannie, Freddie bailout (Reuters)

    A man passes the London Stock Exchange in central London May 21, 2008. (Luke MacGregor/Reuters)Reuters - The Dow and S&P 500 rose on Monday as investors bet Washington's bailout of U.S. home finance companies Fannie Mae and Freddie Mac will stabilize the housing market and ease the credit crisis.


    -- read full article
    Mon, 08 Sep 2008 18:35:07 GMT - Yahoo! News: Business
    Lehman meeting with buyers for Neuberger: report (Reuters)

    The exterior of the world headquarters for Lehman Brothers can be seen in New York, May 19, 2008. (Lucas Jackson/Reuters)Reuters - Lehman Brothers Holdings Inc is meeting with potential buyers of its Neuberger Berman asset management unit, according to a report, causing shares of Wall Street's fourth-largest investment bank to fall as much as 19.6 percent on concern that it is desperate for cash.


    -- read full article
    Mon, 08 Sep 2008 18:13:02 GMT - Yahoo! News: Business
    Fannie, Freddie bailout greeted with joy and anxiety (Reuters)

    Secretary of the Treasury Henry Paulson (R) listens as Jim Lockhart, Director of the the new independent regulator, the Federal Finanace Agency (FHFA), speaks during a news conference, announcing that the government is taking control of mortgage finance companies Fannie Mae and Freddie Mac, at the Office of Management Supervision in Washington, DC, September 7, 2008. (Joshua Roberts/Reuters)Reuters - Wall Street greeted the U.S. government's seizure of mortgage giants Fannie Mae and Freddie Mac on Monday, hoping it would provide at least temporary respite from the troubles plaguing housing and credit markets.


    -- read full article
    Mon, 08 Sep 2008 18:24:29 GMT - Yahoo! News: Business
    GE may face civil action on securities violations (AP)
    AP - General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made. -- read full article
    Fri, 05 Sep 2008 22:10:45 GMT - Yahoo! News: Business
    Russia aims to corner energy markets: U.S. official (Reuters)
    Reuters - Russia aims to corner energy markets, a senior U.S. official said on Monday as Vice-President Dick Cheney arrived in Italy during a tour that has taken in eastern European states which are important transit routes. -- read full article
    Mon, 08 Sep 2008 08:20:32 GMT - Yahoo! News: Business
    Origin eyes $8 billion joint venture with Conoco to fend off BG (Reuters)
    Reuters - Origin Energy Ltd , fending off an $11 billion hostile bid from Britain's BG Group Plc , is to spin off its coalbed methane assets into a joint venture with U.S. oil major ConocoPhillips . -- read full article
    Mon, 08 Sep 2008 08:44:15 GMT - Yahoo! News: Business
    Boeing strike threatens global aero industry (Reuters)

    Boeing machinist Rebekah LovellFord pickets in front of the company's Renton, Washington plant September 6, 2008. (Robert Sorbo/Reuters)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.


    -- read full article
    Mon, 08 Sep 2008 05:39:46 GMT - Yahoo! News: Business
    Altria to buy UST for $10.3 billion: WSJ (Reuters)

    A cigarette lies in ashtray in front of a pub in Bensheim early July 30, 2008. (Alex Grimm/Reuters)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.


    -- read full article
    Mon, 08 Sep 2008 05:42:01 GMT - Yahoo! News: Business
    China and Japan hail U.S. mortgage bailout as doubts linger (Reuters)

    Secretary of the Treasury Henry Paulson (L) and Jim Lockhart, Director of the the new independent regulator, the Federal Finanace Agency (FHFA), announce that the government is taking control of mortgage finance companies Fannie Mae and Freddie Mac during a news conference at the Office of Management Supervision in Washington, DC, September 7, 2008. (Joshua Roberts/Reuters)Reuters - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors harbored no illusions the bailout would end the global credit market misery.


    -- read full article
    Mon, 08 Sep 2008 08:15:54 GMT - Yahoo! News: Business
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