Reuters - Time Warner Inc's AOL will
launch a personal finance site on Tuesday, adding to a roster
of new properties that do not bear its name. -- read full article
AFP - Investment giant Lehman Brothers and other US banks are being roiled by falling confidence in the banking sector which has been spurred in part by hefty mortgage-related losses, analysts said.
AP - Asian stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded even further despite a government-backed plan to help beleaguered mortgage financiers Fannie May and Freddie Mac.
AFP - Troubled US mortgage giant Freddie Mac planned Monday to sell off three billion dollars in securities in a test of investor reaction to a bold rescue plan by the US Treasury.
AP - Oil prices hovered near $145 a barrel Monday, swinging between gains and losses as traders weighed global supply concerns and a mixed dollar against worries about the health of the U.S. economy.
AFP - European stocks were firmer on Monday but Asian markets fell as investors digested measures to bolster US mortgage giants Fannie Mae and Freddie Mac amid a raft of major company takeover news.
AP - World markets were mixed Monday as investors took in news of U.S. government moves to prop up ailing mortgage financiers Fannie Mae and Freddie Mac.
AFP - Fannie Mae and Freddie Mac stocks wobbled Monday after a near-meltdown last week, as the market mulled a weekend plan offering a lifeline for the mortgage finance firms from the US Federal Reserve and Treasury.
AP - The Federal Reserve has adopted rules to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis and propelled foreclosures to record highs.
Reuters - A major U.S. government plan to shore
up mortgage finance firms Fannie Mae and Freddie Mac
will not revive the ailing U.S. housing market yet,
wrote Goldman Sachs economists in a research note dated Sunday. -- read full article
Reuters - The Democratic leader of the House
of Representatives on Monday said he does not expect housing
finance giants Fannie Mae and Freddie Mac will need to draw on
additional liquidity or capital from the Treasury Department or
the Federal Reserve. -- read full article
AP - Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department announced unprecedented steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.
Reuters - Shares of mortgage finance firms
Fannie Mae and Freddie Mac could not hold the gains they made
early on Monday as questions remained over what the U.S.
government's sweeping rescue plan means for shareholders.
AP - Freddie Mac attracted more bidders Monday for a highly anticipated auction of $3 billion in short-term securities than it had nearly all year, a day after the federal government provided support for the mortgage giant. -- read full article
