Business News

Fuel and goodwill costs push UAL Corp. towards $2.7 billion in Q2 ... - Bizjournals.com

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 13:17:00 +0000

Charges help sink shares of United
Chicago Tribune, United States - 6 hours ago
By James P. Miller | Chicago Tribune reporter UAL Corp. shares sank Friday after the United Airlines parent said that second-quarter results will be hurt by ...

United offers buyouts to 400
Indianapolis Star, United States - 6 hours ago
Chicago » United Airlines, the world's second-largest carrier, offered voluntary buyouts to ramp workers and customer-service employees to trim as many as ...

UAL Plans Large Accounting Charges
New York Times, United States - 11 hours ago
By AP United Airlines’ parent, the UAL Corporation, said in a regulatory filing Friday that it would record $2.6 billion to $2.7 billion in accounting ...

United Airlines and union reach deal for buyouts
BusinessWeek - 13 hours ago
United Airlines, a unit of UAL Corp., said Friday it has reached a deal with the International Association of Machinists to offer early retirement packages ...

United Airlines, machinists union agree on 'early out' plan for ...
Forbes, NY - 14 hours ago
SAN FRANCISCO (Thomson Financial) - UAL Corp.'s United Airlines late Friday said it has reached an agreement with the International Association of ...

UPDATE 1-UAL plans up to 400 additional job cuts
Reuters - 14 hours ago
WASHINGTON, July 11 (Reuters) - UAL Corp (UAUA.O: Quote, Profile, Research), parent of United Airlines, plans to eliminate up to 400 more jobs as it ...

UAL to post $US2.7b cost on writedown
Sydney Morning Herald, Australia - 14 hours ago
United Airlines parent UAL will record second-quarter costs of as much as $US2.7 billion to reduce the value of all its assets and pay employee severance. ...

United to take up to $2.7B in charges on fuel, goodwill costs
Bizjournals.com, NC - 15 hours ago
UAL Corp., the parent company of United Airlines, said Friday it would take a non-cash charge in the second quarter of up to $2.7 billion. ...

United Airlines, Machinists Union Reach Deal
Wall Street Journal - 15 hours ago
By ANDREW EDWARDS UAL Corp.'s United Airlines has reached an agreement with the International Association of Machinists (IAM) in which 400 older employees ...

UAL Corp. to record $2.6B to $2.7B in 2Q charges
BusinessWeek - 15 hours ago
United Airlines parent UAL Corp. said it will record $2.6 billion to $2.7 billion in accounting charges in the second quarter, according to a regulatory ...

UAL Stock Tumbles On Warning Over Charges
Wall Street Journal - 16 hours ago
By SUSAN CAREY Shares of United Airlines parent UAL Corp. plunged 15% Friday to hit a new 52-week low after the carrier said it plans to take second-quarter ...

UAL Skids To Low, Push-Me/Pull-Me At Chevron, Nymex Bid Shrinks
Barron's Blogs - 20 hours ago
It’s hard to imagine there was a time when the equity market’s perception of the value of United Airlines’ parent UAL (UAUA) exceeded its asset value by ...

UPDATE 1-UAL sees second quarter charges near $2.7 billion
Reuters - 22 hours ago
CHICAGO, July 11 (Reuters) - UAL Corp (UAUA.O: Quote, Profile, Research), parent of United Airlines, said on Friday it plans to take $2.6 billion to $2.7 ...

UAL to Post $2.7 Billion Cost on Writedown, Severance (Update2)
Bloomberg - 22 hours ago
By Mary Schlangenstein July 11 (Bloomberg) -- United Airlines parent UAL Corp. will record second-quarter costs of as much as $2.7 billion to reduce the ...

United to take $2.7 billion in 2Q charges
Chicago Tribune, United States - 23 hours ago
UAL Corp. expects its second-quarter financial results to be affected by several noncash accounting charges totaling $2.6 billion to $2.7 billion. ...

United Air Parent UAL to Have $2.7 Billion in 2nd-Quarter Costs
Bloomberg - 23 hours ago
By Mary Schlangenstein July 11 (Bloomberg) -- United Airlines parent UAL Corp. will record costs of as much as $2.7 billion when it reports second- quarter ...

UAL Corporation Announces Date of Second Quarter 2008 Earnings ...
FOXBusiness - Jul 10, 2008
CHICAGO, July 10, 2008 /PRNewswire-FirstCall via COMTEX/ ----UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines ...

UAL plans 400 lay offs, Shares sink on Charges
The Money Times, India - 2 hours ago
by Samia Sehgal - July 12, 2008 - 0 comments UAL Corp., parent of United Airlines, plans to axe 400 more jobs, by offering early retirement packages to ...

UAL sees Q2 charges of $2.6 Bln to $2.7 Bln
Trading Markets (press release), CA - 13 hours ago
(RTTNews) - UAL Corp. (UAUA | Quote | Chart | News | PowerRating), parent of United Airlines, said in a regulatory filing Friday it expects to record ...

Carriers React To Higher Fuel Costs
AviationNews.net, VA - 13 hours ago
United said on Friday it plans to take $2.6 billion to $2.7 billion in charges against second-quarter earnings due to "record-high fuel prices and the ...

UAL Corp. to record $2.6B to $2.7B in 2Q charges
WTHI, IN - 18 hours ago
AP - July 11, 2008 2:54 PM ET CHICAGO (AP) - Chicago-based United Airlines' parent company says it will record $2.6 billion to $2.7 billion in accounting ...

Glitches mar Apple's iPhone debut - CNNMoney.com

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 13:16:00 +0000

iPocalypse now: The perils of event marketing
CNNMoney.com - 1 hour ago
The upside of simultaneously launching four major products — the iPhone 3G, the App Store, iPhone firmware 2.0 and MobileMe — in more than 20 countries ...

Activation glitches, an overhwelmed iTunes don't slow iPhone purchases
MLive.com, MI - 3 hours ago
Press Photo/Adam BirdMichael McDermott takes the payment pad to sign for his new iPhone late Friday morning at the Apple Store in Woodland Mall. ...

Crush of traffic stymies Apple iPhone 3G debut
Detroit Free Press, United States - 3 hours ago
BY MIKE WENDLAND • FREE PRESS COLUMNIST • July 12, 2008 What should have been a spectacular day for Apple had a pretty shaky start Friday. ...

Long lines, network problems mar debut of Apple's enhanced iPhone
San Diego Union Tribune, United States - 3 hours ago
By Jonathan Sidener An iTunes network meltdown took the shine off Apple's much-anticipated worldwide release of its upgraded iPhone yesterday. ...

iFiasco: Phone launch flawed
Chicago Sun-Times, United States - 4 hours ago
BY KEVIN ALLEN kjallen@suntimes.com Excitement gave way to frustration Friday morning when hundreds of people who waited in line at the Michigan Avenue ...

'Worth the wait'
San Jose Mercury News, USA - 4 hours ago
By John Boudreau Lines for what the faithful call the "Jesus phone" started forming early Friday outside Apple Stores from Silicon Valley to Hong Kong, ...

Crush of new iPhone owners puts iTunes store on mute
Ottawa Citizen, Canada - 4 hours ago
Howls of frustration drowned out whoops of joy yesterday when the global launch of the new 3G iPhone descended into chaos. What should have been a day of ...

For Apple, a taste of humble pie
Boston Globe, United States - 5 hours ago
About 50 people were outside the Apple store on Boylston at 6 am yesterday awaiting the 8 am opening to purchase the new iPhone. (George Rizer/Globe Staff) ...

Widespread iPhone hangups at 3G launch
Seattle Times, United States - 6 hours ago
Customers who lined up early Friday for a new iPhone 3G were expecting to walk away making calls and surfing the Web on the hot new mobile. ...

Brier Dudley Really cool advances of iPhone 3G are subtle
Seattle Times, United States - 6 hours ago
Excerpts from the blog After spending Friday morning playing with an iPhone 3G, I can see why Apple enthusiasts lined up again for Steve. ...

New iPhone?
Hartford Courant, United States - 6 hours ago
As at other stores, Apple technicians at Westfarms ran into problems trying to activate phones using the company's iTunes software. ...

LIers flock to stores to buy latest Apple iPhone
Newsday, NY - 6 hours ago
Hundreds of Long Islanders lined up to purchase Apple's latest iPhone released Friday, as overburdened servers prevented some buyers from using the phones ...

AN IPHONE FLURRY
Chicago Tribune, United States - 6 hours ago
A day intended to celebrate a second coming-out party for the world's most-talked-about phone turned into a frustrating snarl of glitches and shortages for ...

Apple bruised by rotten start for iPhone 3G
Indianapolis Star, United States - 6 hours ago
I'm no Apple fanboy (or fangirl, as it were). I don't expect perfection. But I certainly didn't expect the kind of chaos and seeming lack of preparation ...

Apple iPhone 3G is a hit here, at least
Indianapolis Star, United States - 6 hours ago
By Erika D. Smith Computer servers slowed and tempers flared around the world, but customers in Central Indiana escaped many of the problems that ...

AT&T server hangs up on newest iPhones
Salt Lake Tribune, United States - 7 hours ago
By Dawn House An AT&T sales consultant, left, transfers information from Buz Richmond's old cell phone onto his new iPhone 3G just after 8 am Friday. ...

Apple Bumbles its iPhone 3G Launch
TIME - 7 hours ago
A customer looks at a new Apple iPhone 3G at the Apple retail store in Regent Street, London. Sang Tang / AP Anticipation quickly turned to frustration on ...

Hang-ups mar iPhone 3G debut
Houston Chronicle, United States - 7 hours ago
By BRAD HEM Technical glitches with activating Apple's iPhone 3G dampened spirits for some of the hundreds of eager buyers who waited hours in line before ...

Setup problems plague Apple's new iPhone
San Francisco Chronicle, USA - 8 hours ago
(07-11) 11:40 PDT SAN FRANCISCO -- The second coming of Apple's iPhone turned into a customer service fiasco Friday, when some of Apple's most loyal ...

Busy signal for new iPhone launch
Minneapolis Star Tribune, MN - 8 hours ago
Although Apple didn’t release the new iPhone until 8 am Friday, people were lined up at Ridgedale Mall at 4:45 am As for the glitches? ...

Some IPhone Fans Stay Camped Out After Day of Delays, Sellouts
Bloomberg - 8 hours ago
By Connie Guglielmo July 12 (Bloomberg) -- Apple Inc.'s new iPhone 3G drew tens of thousands of buyers in cities from Tokyo to New York yesterday, ...

Your Money How Fallout Could Affect Main Street - New York Times

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 13:16:00 +0000

IndyMac in third largest bank collapse in US history
Belfast Telegraph, United Kingdom - 3 hours ago
A major American mortgage lender is at the centre of the third largest banking failure in US history. Federal banking regulators have stepped in to take ...

US mortgage bank IndyMac goes under, victim of credit crisis - Monsters and Critics.com

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 13:16:00 +0000

Boston Globe

US mortgage bank IndyMac goes under, victim of credit crisis
Monsters and Critics.com - 45 minutes ago
Washington - The assets of California-based US mortgage bank IndyMac were seized by US federal regulators as the bank became the second largest financial institution in the country to fail in the country's history.
Regulators Seize Mortgage Lender New York Times
IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg
Reuters - Los Angeles Times - The Associated Press - CNNMoney.com
all 876 news articles

Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record - Bloomberg

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 11:16:00 +0000

Bernanke tells Freddie discount window open: sources
Reuters.fr, France - 8 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac (FRE.N: Quote, Profile , Research) chief Richard Syron that ...

* Freddie, Fannie say they are adequately capitalized
guardian.co.uk, UK - 9 hours ago
By Mark Felsenthal and Alister Bull WASHINGTON, July 11 (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to ...

Bernanke tells Freddie discount window open: sources
Reuters - 9 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac chief Richard Syron that his company and Fannie Mae could ...

Fannie, Freddie Deny Liquidity Problems
FOXBusiness - 10 hours ago
Aiming to fight off market fears of insolvency, Fannie Mae and Freddie Mac issued statements late Friday insisting they have adequate capital. ...

Need to know: Sellafield £6.75bn clean up ... HSBC at top ... GE ...
Times Online, UK - 11 hours ago
US President George W. Bush was forced to wade into the turmoil surrounding Freddie Mac and Fannie Mae, the lenders that underpin America’s entire debt ...

Fannie, Freddie Say Capital Cushion Is Substantial (Update1)
Bloomberg - 12 hours ago
By Dawn Kopecki July 11 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest US mortgage-finance companies, defended their finances and said they have ...

Commentary: If the market thinks it will happen, it likely will
Reuters - 13 hours ago
(Tomi Kilgore is managing editor, TFN - North America, a Thomson Reuters market news service. The opinions expressed here are his own. ...

Freddie, Fannie say they exceed capital requirements
MarketWatch - 13 hours ago
By Wallace Witkowski , , ) said Friday they are both over their capital surplus requirements as mandated by the Office of Federal Housing Enterprise ...

Stocks gyrate on fears over US mortgage giants; oil spikes to $147
USA Today - 13 hours ago
Wall Street's summer thrill ride — the Fannie & Freddie Free-Fall Big Dipper — finally came to screeching halt in the red for the day and the week. ...

Fed Says No Talks With Fannie, Freddie About Loans (Update1)
Bloomberg - 13 hours ago
By Scott Lanman July 11 (Bloomberg) -- The Federal Reserve has not had any discussions with Fannie Mae and Freddie Mac about access to direct loans from the ...

Cash Needed: Where Will Fannie, Freddie Find Capital?
Forbes, NY - 13 hours ago
Last year, and earlier this year, sovereign wealth funds were flocking to make investments in banks needing capital. But now, many have lost a bundle on ...

FOREX-Dollar falls as credit woes cut Fed rate hike chances
Reuters - 14 hours ago
By Lucia Mutikani NEW YORK, July 11 (Reuters) - The dollar fell broadly on Friday as persistent worries about the stability of two US mortgage finance ...

Fed says discount window not discussed with GSEs
Reuters UK, UK - 14 hours ago
WASHINGTON (Reuters) - The Federal Reserve said on Friday that it had not discussed access to its emergency discount window with government-sponsored ...

Fed: No Talks on Discount-Window Access for GSEs
Wall Street Journal Blogs, NY - 14 hours ago
Federal Reserve officials haven’t discussed discount-window access with government-sponsored enterprises Fannie Mae and Freddie Mac, a Fed spokeswoman said ...

Fannie Mae, Freddie Mac May Gain Access to Fed Cash, Dodd Says
Bloomberg - 14 hours ago
By Steve Geimann July 11 (Bloomberg) -- Fannie Mae and Freddie Mac may have several options for capital and liquidity, including gaining access to the ...

As bank lending contracts, economy faces test
MarketWatch - 15 hours ago
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) - The crisis of confidence in mortgage lenders Fannie Mae and Freddie Mac comes at a very inopportune ...

US RATE FUTURES-Pricing bigger chance for Fed hikes
Reuters - 15 hours ago
CHICAGO, July 11 (Reuters) - US short-term interest rate futures turned lower on Friday, pushing up the implied chance for Federal Reserve rate hikes late ...

REFILE-US STOCKS-Market trims losses on GSE discount window
Reuters - 15 hours ago
NEW YORK, July 11 (Reuters) - US stocks trimmed Friday's earlier losses after a source familiar with a conversation between Fed Chairman Ben Bernanke and ...

Fed can lend to just about anyone
MarketWatch - 15 hours ago
By MarketWatch WASHINGTON (MarketWatch) -- Shares of Fannie Mae and Freddie Mac bounced higher Friday afternoon on a report that the companies had been ...

Freddie shares reverse course, briefly positive
MarketWatch - 15 hours ago
By John Spence , , ) shares staged a dramatic recovery and were up for the session briefly in afternoon trade. The stock was up more than 1% at last check, ...

Fannie, Freddie, Meet the Bernanke Put
Wall Street Journal Blogs, NY - 16 hours ago
This changes things. Shares of Freddie Mac are now in positive territory, after Reuters reported that Federal Reserve Chairman Ben Bernanke told Freddie ...

Anxiety, $145 Oil Make for Another Red Week for Stocks - Wall Street Journal

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 11:16:00 +0000

Financial sector beaten in Toronto, Dow sags
Toronto Star, Canada - 2 hours ago
The Toronto Stock Exchange finished lower yesterday as the financial sector retreated on more worries about the United States mortgage industry, ...

Takeover fears burden market
San Jose Mercury News, USA - 2 hours ago
By Walter Hamilton and Maura Reynolds NEW YORK - The Bush administration scrambled Friday to calm speculation that the government would be forced by the ...

Wild ride: Stocks fall, soar, fall
Seattle Times, United States - 4 hours ago
Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday — stocks tumbled. ...

Dow wobbles but regains feet
Indianapolis Star, United States - 4 hours ago
By Ted Evanoff Fears that the nation could slip into recession and drag down Indiana stirred on Friday after oil prices soared on war worries and a key ...

US stocks tumbles; ADRs in red
Business Standard, India - 5 hours ago
US 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 ...

So much for optimism
Minneapolis Star Tribune, MN - 6 hours ago
The bears are back, and the Dow is in territory not seen in two years. And down over 3000 points from October. By NEAL ST. ANTHONY, Star Tribune Mary ...

Financials Lead Tumultuous Selloff on Wall Street
FOXBusiness - 10 hours ago
Despite a late-day comeback effort, Wall Street ended the week deeply in the red as the cloud of uncertainty hovering over Fannie Mae and Freddie Mac loomed ...

FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac
FOXBusiness - 10 hours ago
WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) ----Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, ...

Fannie, Freddie Take Down Wall Street With Them
TheStreet.com - 11 hours ago
The US market had an ugly session and closed lower Friday as investors continued to fret about the health of government-sponsored mortgage buyers Fannie Mae ...

American mortgage giants dominate overnight trade
ABC Online, Australia - 13 hours ago
By North America correspondent Kim Landers and wires American mortgage giants Freddie Mac and Fannie Mae endured a volatile day of trading overnight amid ...

Dow Jones average falls below 11000 for first time since 2006
Xinhua, China - 13 hours ago
NEW YORK, July 11 (Xinhua) -- US stocks recovered from steep losses Friday after the reports that the Federal Reserve may help the two largest mortgage ...

Nasdaq 100 Leaders and Laggards: INFY WYNN UAUA
Forbes, NY - 13 hours ago
AP 07.11.08, 5:40 PM ET The Nasdaq 100 index fell Friday as oil prices hit a fresh high and the broader market declined on concerns about Fannie Mae and ...

DJIA Leaders & Laggards: CVX GM
Forbes, NY - 13 hours ago
AP 07.11.08, 5:27 PM ET The Dow Jones industrial average slid below the 11000 mark for the first time in two years on Friday as the price of oil rose and ...

Dow Jones dives as Hank Paulson rules out rescue of Fannie Mae and ...
Telegraph.co.uk, United Kingdom - 14 hours ago
By Ambrose Evans-Pritchard The Dow Jones index has plunged below 11000 for the first time in two years in a fresh rout of bank shares after US Treasury ...

Freddie and Fannie batter Wall St
NEWS.com.au, Australia - 14 hours ago
WALL Street endured heavy losses overnight amid sustained worries over the financial health of two big mortgage-financing firms and lingering concerns about ...

AP Top News at 4:09 pm EDT
The Associated Press - 14 hours ago
NEW YORK (AP) — Wall Street has ended an extremely erratic session with a sharp loss after traders tried to assess the dangers faced by mortgage financiers ...

Video: Wall Street Sinks Further Into Bear Market
AssociatedPress - 14 hours ago
BusinessWall Street Sinks Further Into Bear MarketWall Street Sinks Further Into Bear MarketThe Associated PressWall Street sank further into a bear market ...

Midday Leaders & Laggards: AIG GE
Forbes, NY - 17 hours ago
AP 07.11.08, 1:35 PM ET The Dow Jones industrial average fell more than 200 points Friday and slid below the 11000 mark for the first time in two years as ...

US stocks extend losses after Paulson comments on Fannie Mae ...
Forbes, NY - 19 hours ago
NEW YORK (Thomson Financial) - US stocks fell further Friday after US Treasury Secretary Henry Paulson indicated that a bailout of troubled mortgage giants ...

WALL STREET: OPENS DOWN DUE TO OIL AND US LOANS
Agenzia Giornalistica Italia, Italy - 19 hours ago
(AGI) - New York, 11 July. - Wall Street opened down after a new historic record was reached for the price of oil, which flew to 147 dollars. ...

Euroshares fall as Dow set for heavy falls; Freddie Mac, Fannie ...
Forbes, NY - 21 hours ago
LONDON (Thomson Financial) - Europe's largest exchanges erased opening gains to turn sharply lower midday as US mortgage groups Fannie Mae and Freddie Mac ...

Touch mobile's revolutionary rise - BBC News

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 11:16:00 +0000

iPhone wrong number
Edmonton Sun, Canada - 1 hour ago
By IAN MCDOUGALL, SPECIAL TO SUN MEDIA The launch of Apple's eagerly awaited iPhone had Edmontonians lining up outside Rogers Wireless stores early ...

Overnight iPhone wait 'worth it'
Vancouver Sun, Canada - 1 hour ago
A cheer went up at 8 am Friday outside the first store in Vancouver to sell the hotly awaited Apple G3 iPhone as more than 100 people started to flood ...

Apple iPhone 3G
PC Magazine - 6 hours ago
The App Store is a true revelation. For years now, people have been able to install programs onto phones, but relatively few have done it. ...

New iPhone faster, but lacks vital features
San Francisco Chronicle, USA - 6 hours ago
I gushed about the iPhone when it appeared last year, waxing on about its ease of use and its ability to draw people in with its intuitive and beguiling ...

Glitches mar debut of iPhone
Dallas Morning News, TX - 6 hours ago
By ANDREW D. SMITH / The Dallas Morning News Shortages, slow lines and software glitches tormented consumers who tried to buy the second-generation iPhone ...

Fans of new iPhone line up early at AT&T store
Atlanta Journal Constitution, USA - 9 hours ago
By JOSE PAGLIERY A line of nearly 100 people wrapped around a Buckhead AT&T store and down a nearby street early Friday morning, but Chris Heiden had ...

iPhone fans dial up excitement
Arizona Republic, AZ - 11 hours ago
by Marjon Rostami - Jul. 11, 2008 10:22 AM At 6 am Friday morning, the energy level outside of the Apple Store in Chandler Fashion Center ranged from people ...

The Real iPhone Arrives
Forbes, NY - 14 hours ago
The lines are shorter. The price is lower. The product is better. Yes, your iPhone is ready. Well, almost. The latest model of Apple's (nasdaq: AAPL - news ...

The iClones: A Quick Summary of the iPhone's Top Competitors
Wired News - 16 hours ago
By Jose Fermoso July 11, 2008 | 1:14:53 PMCategories: iClones, iPhone, Phones So you're taking in all of this coverage of the iPhone and suddenly start ...

Canada's iPhone addicts get their fix
Canada.com, Canada - 17 hours ago
As of 8 am ET, Rogers Plus stores in Toronto, Halifax and Ottawa had opened their doors to lineups of customers, some of whom had waited overnight to get ...

iPhone 3G: Initial reaction
ZDNet - 17 hours ago
I’ve had my iPhone 3G for about two hours, not enough time to do anything resembling a review, but I wanted to blog some of my early observations. ...

iPhone 3G Success!!!
Dallas Morning News, TX - 18 hours ago
After a wait of just over two hours I have a new white 16gb iPhone 3G. The AT&T store across from NorthPark Mall is just about out of phones all together. ...

iPhone 3G poses barriers to business adoption
ZDNet - 19 hours ago
By Natasha Lomas silicon.com, News.com For years, Apple has paid little attention to products for enterprise users. Now it's pitching its new iPhone 3G as: ...

iPhone has a year to make its open source play
ZDNet - 20 hours ago
Right now, if you have an open source Internet application and want to get it into wide distribution on a handheld, you have only one choice. ...

IPhone 3G: Great for New Buyers, But Upgraders Beware
PC World - 21 hours ago
The new iPhone's 3G wireless radio speeds data surfing, but there's little else new to justify an upgrade. Innovative design and seamless integration ...

iPhone 3G availability
Dallas Morning News, TX - 21 hours ago
After calling the Rockwall AT&T store the nice girl on the phone told me they had more than 150 people in line at 7 am and that "it's a lot more now that ...

The iPhone Haters
Newsweek - 21 hours ago
Apple has never been a stranger to temptation. As they get consumers buzzing over the newest Mac gadget, a look back at ten landmark moments in Apple ...

The new iPhone will be launched in Europe today
Adevărul, Romania - 22 hours ago
Same touch screen, slightly reduced dimensions (11,6 mm to 12,3 mm, the previous model dimension) thanks to the cap from the back, that is made of plastic, ...

Current iPhone Owners Should Think Twice Before Upgrading To The ...
InformationWeek, NY - Jul 11, 2008
Early reviews on the iPhone 3G are trickling in, and it looks sweet. It's a little bit faster and a little bit better than the first-generation iPhone. ...

New iPhone Finally Hits The Shops
Sky News, UK - Jul 11, 2008
Use the drop down menu below to filter stories and videos the way you want - when you want it! The new iPhone is hitting the high street, but is it worth ...

iPhone gets an upgrade
Indianapolis Star, United States - Jul 10, 2008
Today marks the second coming of the Apple iPhone, dubbed the iPhone 3G. Before rushing to buy one, here's what you need to know. ...

IndyMac seized as financial troubles spread - Washington Post

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 11:16:00 +0000

Steady Freddie or Fannie in a sling?
Chicago Sun-Times, United States - 2 hours ago
BY DAVID ROEDER droeder@suntimes.com Fannie and Freddie sound like the couple next door. But if you're a homeowner, they're closer to you than that. ...

Wall Street hit by renewed bank, mortgage jitters
Economic Times, India - 2 hours ago
NEW YORK: Wall Street sustained a fresh bruising in the past week as renewed concerns over the financial health of major banks and two large ...

How Freddie, Fannie trouble affects you
San Jose Mercury News, USA - 2 hours ago
By Sue McAllister The stock market pitched and rolled Friday, mostly driven by investors' fears about the financial stability of Fannie Mae and Freddie Mac. ...

Markets roiled on fears Fannie, Freddie may fail
Financial Post, Canada - 2 hours ago
US politicians moved yesterday to shore up confidence in the country's flailing mortgage agencies, but the implications of their potential collapse on ...

Help on the way for thousands of US mortgage holders
Belfast Telegraph, United Kingdom - 2 hours ago
A plan has been drawn up to help hundreds of thousands of American homeowners who are struggling with their mortgage repayments. ...

United States: Mortgage giants tumble
Ottawa Citizen, Canada - 2 hours ago
Shares of Fannie Mae and Freddie Mac, the biggest providers of financing for US home loans, tumbled for a third day yesterday as concern the government may ...

Freddie and Fannie panic intensifies
Globe and Mail, Canada - 4 hours ago
The bloodletting at Freddie Mac and Fannie Mae could have profound consequences for the US economy, but it appears to stem more from a crisis of confidence ...

Concerns over Fannie Mae, Freddie Mac woes
Newsday, NY - 4 hours ago
BY ELLEN YAN | ellen.yan@newsday.com The federal government, which in March rescued investment bank Bear Stearns to avert a collapse that threatened global ...

Fannie, Freddie feed fall
Chicago Tribune, United States - 4 hours ago
By Greg Burns | Chicago Tribune correspondent Friday's volatility on Wall Street could signal an even wilder couple of weeks ahead, as the nation's troubled ...

FACTBOX - Scenarios for possible Fannie and Freddie gov't help
Reuters - 5 hours ago
WASHINGTON (Reuters) - The shares of Fannie Mae and Freddie Mac plummeted this week as concerns about their capital position gave way to reports of a ...

Fannie, Fed chief and data to rule stocks
Reuters - 5 hours ago
By Ellis Mnyandu NEW YORK (Reuters) - The bears have Wall Street cornered and they just won't let go. The coming week is almost sure to be a rocky ride for ...

Up-and-Down Day Is Mostly Down
Washington Post, United States - 5 hours ago
AP NEW YORK, July 11 -- Investors' angst over the fallout from the credit crisis made for a turbulent trading day Friday -- stocks tumbled, soared and then ...

Questions About Fannie and Freddie
BusinessWeek - 5 hours ago
by David Bogoslaw It's astonishing how quickly conditions in the financial markets can go from bad to worse. Just look at how a spiraling crisis of ...

Fannie Mae, Freddie Mac Turmoil Pose New Economic `Headwind'
Bloomberg - 6 hours ago
By Matthew Benjamin and Craig Torres July 12 (Bloomberg) -- The slides in Fannie Mae and Freddie Mac, the largest providers of US mortgage financing, ...

The Fundamentals of Fannie and Freddie
Washington Post, United States - 7 hours ago
Fannie Mae and Freddie Mac are key players in the nation's mortgage machinery, and their influence has only grown during the recent credit crisis. ...

Woes at Loan Agencies and Oil-Price Spike Roil Markets
New York Times, United States - 7 hours ago
By MICHAEL M. GRYNBAUM Fannie Mae and Freddie Mac shares fell again Friday — and the broader stock market followed suit — as concern mounted that the ...

Stocks face financial fears and a wall of earnings
MarketWatch - 7 hours ago
By Nick Godt, MarketWatch NEW YORK (MarketWatch) -- Stocks will likely start the coming week full of growing uncertainty after news late Friday that retail ...

Ashland Announces Deal to Acquire Chemicals Maker - New York Times

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 09:18:00 +0000

Markets sink but M&A pushes ahead
Reuters - 11 hours ago
It’s been a terrible few weeks for the markets, but some on Wall Street have won on the M&A front. According to Thomson Reuters latest rankings, ...

Ashland stock tumbles on Hercules deal
Forbes, NY - 12 hours ago
By RANDALL CHASE 07.11.08, 5:03 PM ET Ashland's stock plummeted Friday after it said it would buy specialty chemicals maker Hercules Inc. in a $2.6 billion ...

Chemical company Ashland to acquire Hercules
The Associated Press - 14 hours ago
WILMINGTON, Del. (AP) — Ashland Inc. announced Friday it will acquire Wilmington-based specialty chemicals maker Hercules Inc. in a $2.6 billion ...

S&P places Ashland's credit ratings on CreditWatch
CNNMoney.com - 15 hours ago
NEW YORK (Associated Press) - Standard & Poor's Ratings Services on Friday placed its noninvestment-grade credit ratings for Ashland Inc. on CreditWatch for ...

Ashland to acquire Hercules in $3.3 billion deal
MarketWatch - 15 hours ago
By Christopher Hinton, MarketWatch NEW YORK (MarketWatch) -- Marking the second deal in the chemicals industry in as many days, Ashland Inc. agreed to ...

Ashland to buy Hercules for $2.6 billion
International Herald Tribune, France - 17 hours ago
Ashland, the biggest US chemical distributor, agreed to buy Hercules for $2.6 billion in cash and stock to double earnings and gain chemicals used in ...

Sector Snap: Chemicals trade mixed
Forbes, NY - 17 hours ago
AP 07.11.08, 11:20 AM ET Shares of chemical companies traded mixed on Friday, following recent acquisition news that has affected the sector this week. ...

Dow Chemicals, Rohm and Haas under review for possible downgrade ...
Forbes, NY - 18 hours ago
MUMBAI (Thomson Financial) - Moody's Investors Service said it placed the long-term debt and commercial paper ratings of The Dow Chemical Co. and Rohm and ...

Ashland to buy Hercules for $3.3B
Bizjournals.com, NC - 18 hours ago
Ashland Inc. has agreed to acquire specialty chemical maker Hercules Inc. in a cash and stock deal valued at about $3.3 billion. According to terms of the ...

Out of the Gate: Hercules soars on buyout offer
Forbes, NY - 18 hours ago
AP 07.11.08, 10:20 AM ET Shares of Hercules Inc. soared Friday following news that Ashland Inc. will pay $2.6 billion in cash and stock for the chemicals ...

Dow Chemical, Rohm and Haas on negative watch - Fitch
Forbes, NY - 19 hours ago
MUMBAI (Thomson Financial) - Fitch Ratings said it downgraded the long-term ratings of Dow Chemical Co., North America's largest chemicals company, ...

Ashland to acquire Hercules in $3.3 billion cash and stock deal UPDATE
Forbes, NY - 21 hours ago
COVINGTON, Ky (Thomson Financial) - Specialty chemicals group Ashland Inc. (nyse: ASH - news - people ) said it agreed to acquire Hercules Inc. (nyse: HPC ...

Ashland to buy Hercules for $2.6 billion
CNNMoney.com - 21 hours ago
NEW YORK (Associated Press) - Chemical company Ashland Inc. said Friday it will acquire Hercules Inc. in a cash-and-stock deal valued at $2.6 billion. ...

Ashland to acquire Hercules for $2.6 billion
guardian.co.uk, UK - 21 hours ago
By Euan Rocha NEW YORK, July 11 (Reuters) - Ashland Inc, which makes chemicals and Valvoline motor oil, said on Friday it would acquire peer Hercules Inc in ...

Ashland to Acquire Hercules
FOXBusiness - 21 hours ago
COVINGTON, Ky. & WILMINGTON, Del., Jul 11, 2008 (BUSINESS WIRE) ----Ashland Inc. (NYSE: ASH) and Hercules Inc. (NYSE: HPC) today announced that they have ...

Ashland Buys Chemical Maker Hercules for $3.3 Billion (Update2)
Bloomberg - 21 hours ago
By Andrew Noel July 11 (Bloomberg) -- Ashland Inc., the biggest US chemical distributor, agreed to buy Hercules Inc. for $3.3 billion to double earnings and ...

Ashland To Acquire Chemical Maker Hercules For $2.6 Billion
CNNMoney.com - 22 hours ago
Ashland Inc. (ASH) agreed to buy Hercules Inc. (HPC) for $2.6 billion in the second major chemical company deal in as many days. Ashland will pay $18.60 in ...

UPDATE 1-Ashland to acquire Hercules for $2.6 billion
Reuters - 22 hours ago
NEW YORK, July 11 (Reuters) - Ashland Inc (ASH.N: Quote, Profile, Research), which makes chemicals and Valvoline motor oil, said on Friday that it would ...

Buffett's Return, Credit Crisis Call, ICE's Bad News: Timshel
Bloomberg - Jul 11, 2008
July 11 (Bloomberg) -- Warren Buffett's decision to help Dow Chemical Co. pay for its takeover of Rohm & Haas Co. is a departure from past practice in two ...

Dow's purchase firms up its future
Detroit Free Press, United States - Jul 11, 2008
BY JEWEL GOPWANI • FREE PRESS BUSINESS WRITER • July 11, 2008 In a move that counters the job cuts, selloffs and bankruptcies testing Michigan's economy, ...

Buffett's Rohming, Too
Motley Fool - Jul 10, 2008
By David Lee Smith July 10, 2008 Comments (0) If you're seeking a quality combination in a volatile market, I think there's a lot to like about Dow ...

InBev Raises Its Offer for Anheuser-Busch - New York Times

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 09:18:00 +0000

This Bud Might Not Be for Them
Wall Street Journal - 1 hour ago
By TOM BURTON and ILAN BRAT ST. LOUIS -- Jordan Moore took the news that his beloved Budweiser could soon fall into foreign hands very personally: He ...

Compiled from wire reports
Newsday, NY - 2 hours ago
InBev NV sweetened its takeover offer for Anheuser-Busch Cos. to $50 billion, finally luring the US brewer into talks over a friendly deal, sources familiar ...

Anheuser buyout could be nearer
Chicago Tribune, United States - 2 hours ago
Latest on Anheuser-Busch: After weeks of public bickering, Anheuser-Busch Cos.'s board is likely to accept a sweetened buyout offer of about $50 billion ...

Anheuser-Busch likely to drink to buyout offer, sources say
Salt Lake Tribune, United States - 3 hours ago
AP Budweiser beers are shown at a bar in St. Louis. Reports say Anheuser-Busch Cos. is likely to OK InBev SA's buyout bid. ST. LOUIS - After weeks of public ...

InBev boosts bid for Anheuser-Busch
Houston Chronicle, United States - 3 hours ago
Anheuser-Busch Cos., the biggest US beer maker, began talks with InBev after the Belgian brewer sweetened its takeover offer by nearly 8 percent to $70 a ...

Anheuser drops takeover opposition
Financial Times, UK - 7 hours ago
By Julie MacIntosh in New York Anheuser-Busch last night dropped its opposition to a takeover by InBev, paving the way for a deal to create the world's ...

InBev close to Anheuser deal
Malaysia Star, Malaysia - 8 hours ago
NEW YORK: US brewer Anheuser-Busch Cos Inc is in active talks to sell itself to Belgian brewer InBev in a friendly deal, the New York Times said on its ...

WSJ: InBev Ups Takeover Offer for Anheuser-Busch
FOXBusiness - 8 hours ago
InBev has upped its per-share offer to takeover Anheuser-Busch to $70, an increase of $5 a share, according to the Wall Street Journal. ...

Higher InBev bid set to win over Busch
Independent, UK - 8 hours ago
By Nick Clark The Busch family has dropped hostilities to InBev and could agree to sell Anheuser Busch as early as this weekend, after its rival reportedly ...

InBev closes in on Budweiser brewer with bid terms top-up
guardian.co.uk, UK - 10 hours ago
Anheuser-Busch, the American brewer behind Budweiser, has entered talks that could see Belgian rival InBev announce a takeover in the next few days, ...

Friendly InBev, Anheuser deal seen soon-sources
guardian.co.uk, UK - 10 hours ago
By Martinne Geller and Jessica Hall NEW YORK/PHILADELPHIA, July 11 (Reuters) - InBev NV sweetened its takeover offer for rival Anheuser-Busch Cos Inc to $50 ...

Word Count: 331 | Companies Featured in This Article: Anheuser-Busch
Wall Street Journal Blogs, NY - 12 hours ago
The InBev-Anheuser-Busch takeover war Monday focused on the Belgian-Brazilian brewer's desire to replace the Anheuser board. Perhaps someone should have ...

InBev to take control of Anheuser-Busch
Times Online, UK - 12 hours ago
InBev, the Belgian brewer behind Stella Artois and Beck's beers, was poised to win control of Anheuser-Busch (AB) last night after lifting its offer for the ...

DEALTALK - InBev's higher offer likely to get deal done
Reuters - 14 hours ago
By Jui Chakravorty Das and Aarthi Sivaraman Guruprasad NEW YORK (Reuters) - They've called each other names. They've slung mud at each other. ...

Afternoon reading: Time to Mend Fences at Anheuser-Busch?
Wall Street Journal Blogs, NY - 14 hours ago
After all the posturing, legal actions and videos, the Anheuser-Busch-InBev stand-off seems to have come down to money. InBev raised its offer by $5 to $70 ...

Anheuser-Busch cozies up to capitalism
MarketWatch - 15 hours ago
By MarketWatch SAN FRANCISCO (MarketWatch) -- Anheuser-Busch, maker of that most American king of beers, is reconsidering a most fetching offer from ...

How to Win a Hostile Deal. Throw Money At It.
Wall Street Journal Blogs, NY - 16 hours ago
The Belgian-Bralian brewer looks set to seal a deal with Anheuser-Busch after boosting its takeover offer by $5 a share to $70. ...

TIMELINE: InBev's bid for Anheuser-Busch
Reuters - 18 hours ago
LONDON (Reuters) - Belgium-based brewer InBev NV (INTB.BR: Quote, Profile, Research) and Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research) have ...

InBev and Anheuser seen holding active deal talks
Reuters UK, UK - 18 hours ago
NEW YORK (Reuters) - Anheuser-Busch (BUD.N: Quote, Profile, Research) has finally begun negotiations for a friendly merger with InBev (INTB. ...

Fannie Mae Ugly - Wall Street Journal

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 09:18:00 +0000

Critic of the Firms Sadly Says 'Told You'
Wall Street Journal - 1 hour ago
By JOHN D. MCKINNON In the early 1980s, he was a top official in the Reagan Treasury Department. And Fannie Mae, at least by some measures, was insolvent, ...

Value Hunting's Sharpshooters Hurt As Financial Stocks Hurt Mutual ...
Wall Street Journal - 1 hour ago
By GREGORY ZUCKERMAN and DIYA GULLAPALLI As financial stocks such as Fannie Mae and Freddie Mac continue to struggle, there is plenty of pain to go around. ...

Worries batter mortgage giants
Baltimore Sun, United States - 1 hour ago
By Jamie Smith Hopkins | Sun reporter The speculation swirling around mortgage giants Fannie Mae and Freddie Mac - whether they're in danger, ...

Big losses threaten mortgage giants
Seattle Times, United States - 2 hours ago
The Republican administration and Democratic-run Congress now are facing the possibility that once-stable mortgage giants Fannie Mae and Freddie Mac could ...

Good timing: Feds avoid Fannie-style mortgage freefall
Globe and Mail, Canada - 2 hours ago
Jim Flaherty can rightly roll out a new slogan - friend of the Canadian home buyer. Go ahead, protest. The words might not ring true after Minister ...

Administration seeks to calm fears over Fannie Mae, Freddie Mac
Los Angeles Times, CA - 2 hours ago
WASHINGTON -- The Bush administration scrambled Friday to calm speculation that the government would be forced by the housing crisis to take over Fannie Mae ...

Utah mortgage companies say don't panic over Fannie Mae-Freddie ...
Salt Lake Tribune, United States - 3 hours ago
Posted: 10:12 PM- As the shares of Fannie Mae and Freddie Mac tumbled Friday, the Bush administration scrambled to calm speculation that the government ...

Time to Let Fannie and Freddie Wither?
BusinessWeek - 3 hours ago
In good times, they were superfluous. Now they're only as good as their US guarantee by Peter Coy Are Fannie Mae (FNM) and Freddie Mac (FRE) really too big ...

US stocks fall on Fannie and Freddie fears
NDTV.com, India - 4 hours ago
Major US stock indices dropped on Friday on continuing concern that mortgage giants Fannie Mae and Freddie Mac were threatened with possible collapse. ...

ON YOUR STREET: Intervention by feds may have huge impact on ...
San Francisco Chronicle, USA - 4 hours ago
The worsening plight of Fannie Mae and Freddie Mac set off alarm bells this week, as the ailing government-sponsored enterprises threaten to drag down the ...

Oil prices, lenders' woes roil stocks
Boston Globe, United States - 4 hours ago
Stock markets took a wild ride yesterday after oil prices briefly touched a new high and investors worried that the nation's mortgage giants, Fannie Mae and ...

Key US mortgage lender goes bust
BBC News, UK - 5 hours ago
One of the largest US mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's ...

Uncertainty surrounds Fannie Mae and Freddie Mac
Kansas City Star, MO - 5 hours ago
By MARK DAVIS Fading confidence in two cornerstones of the nation’s mortgage market could trigger federal intervention, perhaps as early as this weekend. ...

Worst Fears Ease, for Now, on Mortgage Giants’ Fate
New York Times, United States - 5 hours ago
By STEPHEN LABATON WASHINGTON — A day that began with a stomach-churning drop in stock prices for the two largest mortgage finance companies ended with a ...

How Fallout Could Affect Main Street
New York Times, United States - 6 hours ago
By RON LIEBER The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is ...

Fannie, Freddie Turmoil May Hike Rates, Slow Recovery (Update1)
Bloomberg - 6 hours ago
By Kathleen M. Howley July 11 (Bloomberg) -- A failure or government bailout of Fannie Mae and Freddie Mac could push mortgage rates above 7 percent for the ...

Fannie and Freddie are feeling unwell
Financial Times, UK - 6 hours ago
With the price of a barrel of oil exceeding $146 and stock markets reeling, the global economic turmoil has worsened this week. Yet most remarkable of all ...

Paulson stands by Fannie and Freddie as shares slide further
Financial Times, UK - 7 hours ago
The Bush administration yesterday attempted to quash suggestions that the US government might have to nationalise Fannie Mae and Freddie Mac, ...

Midnight hour for Fannie and Freddie
CNN - 7 hours ago
There is no shortage of chatter about a possible bailout of two of the most important companies in the world. What would that look like and is it even ...

Fannie and Freddie fears, oil over $147 hit Wall St
Reuters - 8 hours ago
By Kristina Cooke NEW YORK (Reuters) - US stocks tumbled on Friday as fears about the stability of the top two home financing providers, Fannie Mae and ...

Markets plunge in fresh US housing crisis
guardian.co.uk, UK - 8 hours ago
Crude oil traders work on the floor of the New York Mercantile Exchange. Photograph: Justin Lane/ EPA A deepening housing crisis in the US, escalating oil ...

US seizes IndyMac as troubles spread - Reuters

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 09:17:00 +0000

Q & A for IndyMac account holders
Los Angeles Times, CA - 2 hours ago
By Kathy M. Kristof, Los Angeles Times Staff Writer If you are an IndyMac Bank depositor, you probably have questions about the availability of your funds. ...

Housing-crisis worries deepen
Arizona Republic, AZ - 3 hours ago
Calif. lender IndyMac seized by regulators; 1st big bank to close since '90s S&L crisis WASHINGTON - Senior government officials prepared emergency steps ...

IndyMac Seized by US Regulators; Schumer Blamed for Failure
Bloomberg - 4 hours ago
By Ari Levy and David Mildenberg July 12 (Bloomberg) -- IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by ...

US bank collapses amid credit woe
The Press Association - 4 hours ago
California-based IndyMac Bank's assets have been seized by US federal regulators after the mortgage lender succumbed to the pressures of tighter credit, ...

Heads up: Foreclosures, and more foreclosures
Kansas City Star, MO - 5 hours ago
Foreclosure filings were up 53 percent in June compared with June 2007, according to RealtyTrac, and the worst problems remained focused in a few states. ...

Government shuts down mortgage lender IndyMac
The Associated Press - 6 hours ago
LOS ANGELES (AP) — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, ...

Federal regulators seize control of IndyMac bank
AFP - 7 hours ago
LOS ANGELES (AFP) — Federal regulators said they had taken control of the troubled California-based IndyMac Bank on Friday in one of the biggest bank ...

Banking regulators close IndyMac
CNN - 7 hours ago
Office of Thrift Supervision shuts down mortgage lender IndyMac and transfers operations to the Federal Deposit Insurance Corp. ...

FDIC Establishes Successor to IndyMac Bank
MarketWatch - 7 hours ago
SAN FRANCISCO, Jul 11, 2008 (BUSINESS WIRE) -- The Office of Thrift Supervision and the Federal Deposit Insurance Corporation announced today that the OTS ...

Regulators take over IndyMac Bank in one of nation's largest bank ...
Bizjournals.com, NC - 7 hours ago
IndyMac Bank was shut down by regulators Friday as the mortgage crisis claimed one of its largest victims. The Pasadena thrift, with $32 billion in assets, ...

Feds shuts down IndyMac Bank, two ATL centers impacted
Bizjournals.com, NC - 7 hours ago
Federal regulators closed Pasadena, Calif.-based Indymac Bank late Friday -- the shuttering of the largest bank nationwide since the Savings & Loan Crisis ...

FACTBOX - US bank failures in 2008
Reuters - 8 hours ago
July 11 (Reuters) - Mortgage lender IndyMac Bancorp Inc (IMB.N: Quote, Profile, Research) was seized on Friday by the Federal Deposit Insurance Corp, ...

IndyMac seized by FDIC; Office of Thrift Supervision reproaches ...
Forbes, NY - 8 hours ago
SAN FRANCISCO (Thomson Financial) - Federal regulatory agency the Federal Deposit Insurance Corp. Friday seized the assets of IndyMac Bancorp Inc., ...

Feds close, seize IndyMac bank
USA Today - 9 hours ago
Federal banking regulators have closed and seized IndyMac after determining the California-based mortgage lender is unsound. It's the largest US savings ...

Feds cite Schumer in collapse of IndyMac
Los Angeles Times, CA - 9 hours ago
An important angle in the IndyMac failure that may get lost in ominous headlines tonight and tomorrow: federal regulators pointedly cited US Sen. ...

IndyMac is latest credit turmoil casualty
Financial Times, UK - 9 hours ago
By Joanna Chung in New York IndyMac Bank on Friday night became the biggest savings bank to fail in US history and the latest victim of the credit crisis as ...

IndyMac Seized By Federal Regulators
TheStreet.com - 9 hours ago
IndyMac BancorpIMB on late Friday was seized by federal regulators in the largest bank failure in US history. The Office for Thrift Supervision, ...

Office of Thrift Supervision shuts down IndyMac
The Associated Press - 10 hours ago
LOS ANGELES (AP) — IndyMac Bank succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures on Friday when banking regulators ...

US regulators close IndyMac Bancorp savings bank
Times Online, UK - 10 hours ago
IndyMac Bancorp became the biggest retail bank to fall victim to the US mortgage crisis on Friday, as regulators shut down the Californian savings back ...

IndyMac Bank seized by federal regulators
Los Angeles Times, CA - 10 hours ago
The Pasadena-based thrift's failure is second in size only to the 1984 failure of Continental Illinois Bank. By Tom Petruno, Los Angeles Times Staff Writer ...

Breaking: Federal regulators take control of IndyMac
Los Angeles Times, CA - 10 hours ago
Breaking news from LA Times: "Federal regulators say they have taken control of Pasadena-based IndyMac and will transfer control to the FDIC. ...

IndyMac Seized by US Regulators Amid Cash Crunch (Update4) - Bloomberg

noreply@blogger.com (jicnacho) — Sat, 12 Jul 2008 03:17:00 +0000

UPDATE 2-US regulators to run IndyMac until buyer found
Reuters - 2 hours ago
By John Poirier and Rachelle Younglai WASHINGTON, July 11 (Reuters) - US banking regulators on Friday swooped in to take over mortgage lender IndyMac ...

FACTBOX: How regulators take over failed banks
Reuters - 3 hours ago
NEW YORK (Reuters) - Mortgage lender IndyMac Bancorp Inc was taken over by the Federal Deposit Insurance Corp on Friday, becoming the second-largest ...

Regulators Seize Mortgage Lender
New York Times, United States - 3 hours ago
By LOUISE STORY Banking regulators seized IndyMac Bancorp, one of the country’s largest mortgage lenders, on Friday evening. ...

IndyMac assets seized after unprecedented run
Telegraph.co.uk, United Kingdom - 3 hours ago
By James Quinn, Wall Street Correspondent The assets of American mortgage bank IndyMac have been seized by federal regulators after an unprecedented run on ...

Regulators seize IndyMac Bank
USA Today - 4 hours ago
LOS ANGELES (AP) — IndyMac Bank succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures on Friday when banking regulators ...

IndyMac faces rush to withdraw
International Herald Tribune, France - Jul 8, 2008
By Eric Dash Time is running out for IndyMac Bancorp, one of the faded darlings of the subprime era. On Tuesday, IndyMac, one of the nation's largest ...

IndyMac depositors pull cash as mortgage woes grow
guardian.co.uk, UK - Jul 8, 2008
By Jonathan Stempel and Jennifer Martinez NEW YORK/PASADENA, Calif., July 8 (Reuters) - Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had ...

A run on Indymac? Not at this branch.
Los Angeles Times, CA - Jul 8, 2008
News item: IndyMac today again blamed a US Senator for spooking depositors into pulling their money out of its banks. From Bloomberg: "IndyMac Bancorp, ...

IndyMac mortgage bank fails - collapse 2nd biggest ever
New York Daily News, NY - 2 hours ago
Beginning Monday, the bank will be run under supervision of the FDIC. It had amassed $900 million in losses. Federal regulators seized what was once the ...

Breaking: Feds take control of Indymac bank
Pasadena Star-News, CA - 4 hours ago
PASADENA - Federal regulators assumed control of IndyMac Bancorp. Inc. on Friday, putting the bank under control of the Federal Deposit Insurance Corp. ...

Breaking: Feds take control of Indymac bank
San Gabriel Valley Tribune, CA - 4 hours ago
PASADENA - IndyMac Bank has been taken over by the FDIC and has become IndyMac Federal Bank. Although the bank's charter has been revoked, officials said it ...

IndyMac firing half its employees: Prospect Mortgage gets retail ...
100 Mortgages, UK - Jul 8, 2008
Following the news that IndyMac is firing half of their employees, we have also learned that the lender is to sell most of their retail mortgage branches to ...

Schumer: IndyMac’s Troubles Don’t Extend to Regional Banks
Housing Wire - Jul 8, 2008
By PAUL JACKSON In the wake of the troubles now facing Indymac Bancorp Inc. (IMB: 0.3889, -45.23%), Senator Charles Schumer (D-NY) came out Tuesday ...

Banking regulators close IndyMac
CNNMoney.com - 1 hour ago
Office of Thrift Supervision shuts down mortgage lender IndyMac and transfers operations to the Federal Deposit Insurance Corp. ...

Sen. Schumer blames OTS for IndyMac's failure
Reuters - 3 hours ago
WASHINGTON (Reuters) - Sen. Charles Schumer on Friday blamed IndyMac Bancorp Inc's (IMB.N: Quote, Profile, Research) failure on its main regulator, ...

US mortgage lender Indymac taken over by regulator
International Herald Tribune, France - 3 hours ago
WASHINGTON: US mortgage lender IndyMac Bancorp Inc was taken over by the US Federal Deposit Insurance Corp on Friday, which will run the bank while it looks ...

AP Top News at 7:10 pm EDT
The Associated Press - 3 hours ago
LOS ANGELES (AP) — IndyMac Bank's assets were seized by federal regulators on Friday after succumbing to the pressures of tighter credit, tumbling home ...

UPDATE 1-US regulator to run IndyMac while buyer sought
Reuters - 4 hours ago
WASHINGTON, July 11 (Reuters) - Mortgage lender IndyMac Bancorp Inc (IMB.N: Quote, Profile, Research, Stock Buzz) was taken over by the Federal Deposit ...

Office of Thrift Supervision shuts down IndyMac
International Herald Tribune, France - 4 hours ago
AP LOS ANGELES: The Office of Thrift Supervision says it has closed mortgage lender IndyMac Bank. The banking regulator said Friday it has transferred ...

IndyMac Bancorp Is Seized
Wall Street Journal - 4 hours ago
By Federal Regulators By DAMIAN PALETTA and DAVID ENRICH IndyMac Bancorp Inc., a prolific mortgage specialist that helped fuel the housing boom, ...

Federal Home Loan Bank IndyMac exposure seen covered
Reuters - Jul 9, 2008
By Al Yoon NEW YORK, July 9 (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote, Profile, Research) appears to pose little threat to the Federal Home Loan Bank ...

Locals won't get full benefits of iPhone - San Jose Mercury News

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 19:19:00 +0000

Software problems bug Apple's launch of new iPhone
Economic Times, India - 52 minutes ago
NEW YORK: The launch of Apple Inc.'s much-anticipated new iPhone turned into an information-technology meltdown on Friday, as customers were unable to get ...

Apple iPhone draws lines waiting to be among first to get new version
Seattle Times, United States - 1 hour ago
With the usual anticipation, a long line of early adopters came to buy the new Apple iPhone 3G at University Village this morning. ...

Apple iPhone 3G: Another Year, Another AT&T Retail Mess
Barron's Blogs - 2 hours ago
I’ve just returned from the AT&T (T) kiosk in the food court at 4 World Financial Center in lower Manhattan, where about 40 people had queued up to buy ...

Analyst: iPhone could hurt some retailers
CNNMoney.com - 2 hours ago
NEW YORK (Associated Press) - An analyst on Friday said the limited availability of Apple's popular iPhone could hurt consumer electronics retailers and ...

Update: London launch of iPhone 3G marred by software problems
Computerworld, MA - 6 hours ago
By Jeremy Kirk July 11, 2008 (IDG News Service) LONDON - Software compatibility problems marred the launch of the iPhone 3G at Apple's flagship store in ...

First impressions: iPhone 3G
InfoWorld, CA - 8 hours ago
By James Hutchinson, IDG News Service Fresh from the Vodafone Australia launch this morning, we had a quick look at the new iPhone 3G and its features. ...

Countdown to the iPhone 3G launch
CNNMoney.com - Jul 10, 2008
With the July 11 launch date fast approaching, the machinery required to execute the worldwide release of Apple’s second generation iPhone is kicking into ...

New iPhone Costs Less — And More
Hartford Courant, United States - Jul 9, 2008
By ZACHARY ABRAHAMSON | Courant Staff Writer The new iPhone 3G goes on sale at 8 am Friday, and Apple aficionados are already salivating at the prospect. ...

iPhone 3G reviews: Do you really need MMS?
Dallas Morning News, TX - Jul 9, 2008
I'm somewhat mystified by the iPhone 3G reviews in the Wall Street Journal and the NY Times. The gist of both of them is that while the extra speed and GPS ...

Is the iPhone 3G more expensive than the old model?
guardian.co.uk, UK - Jul 9, 2008
Customers in the UK are more than used to stories of rip-off Britain - and few get hit by high prices as regularly as gadget fans. ...

3G iPhone to hit stores on July 11
Times of India, India - Jul 8, 2008
SAN FRANCISCO: Apple Inc will start selling its new iPhone at 8 am nationwide on July 11 and plans to activate US customer accounts with AT&T Inc within 15 ...

State of the Art For iPhone, the ‘New’ Is Relative
New York Times, United States - Jul 8, 2008
By DAVID POGUE One year and 11 days ago, our nation was swept by iPhone Mania. TV news coverage was relentless. Hard-core fans camped out to be the first in ...

Apple Expects 15-Minute Setup Process for New IPhone (Update4)
Bloomberg - Jul 8, 2008
By Connie Guglielmo July 8 (Bloomberg) -- Apple Inc. will start selling its new iPhone at 8 am nationwide on July 11 and plans to activate US customer ...

UK demand for iPhone 3G halts O2 preorders
CNET News, CA - Jul 7, 2008
The preorder process for the iPhone 3G in the UK was taken offline Monday after a flood of interest. If the online demand for the iPhone 3G in the UK is any ...

150 early, eager buyers for iPhone in Santa Rosa
Santa Rosa Press Democrat, CA - 52 minutes ago
By SHADI RAHIMI More than 100 people line up outside the Santa Rosa Plaza Apple Store early Friday ahead of the release of Apple's newest iPhone. ...

TeleNav to offer iPhone 3G GPS
Twice, NY - 52 minutes ago
by Amy Gilroy -- TWICE, 7/11/2008 12:17:00 PM Sunnyvale, Calif. — TeleNav said it is developing a turn-by-turn GPS application to enable advanced navigation ...

Sell phone: Dozens queue up to buy new iPhone
Explore Howard County, MD - 1 hour ago
by Mike Santa Rita Customers started lining up at 5 am today, July 11, outside the Apple Store at the Columbia mall to buy the new iPhone 3G. ...

iPhone 3G Quick Guide
NBC 10.com, PA - 1 hour ago
Apple is premiering its new iPhone 3G on July 11 and the new device is sure to be a big hit. Some people are chomping at the bit to get this phone, ...

IPhone 3G is Here
KAPP, WA - 1 hour ago
And not a moment too soon for over 35 folks lined up outside Kennewick's AT&T store. Apple released its IPhone 3G for sale today and eager crowds were ...

New iPhone 3G emerges
TheCelebrityCafe.com, NY - 1 hour ago
The original iPhone was a huge hit when it was released in the summer of 2007, bringing lines of people to AT&T stores all over the nation to be one of the ...

Apple's New iPhone Creating a Technology Buzz
KOLD-TV, AZ - 1 hour ago
42 countries are celebrating the release of Apple's newest gadget: the N3G iPhone and the buzz is catching on in Tucson. AT&T opened its doors at 8 Friday ...

You're already paying for Fannie and Freddie - CNNMoney.com

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 19:18:00 +0000

US mortgage lender crisis spooks markets
guardian.co.uk, UK - 1 hour ago
The White House today appeared to rule out a takeover of crisis-hit mortgage companies Freddie Mac and Fannie Mae despite their shares continuing to take ...

Sen Shelby pushes for stronger Fannie regulator
Reuters - 1 hour ago
WASHINGTON (Reuters) - The Congress must move quickly to put a stronger regulator in place for government-sponsored entities Fannie Mae and Freddie Mac, ...

Bush acknowledges 'tough times'
AFP - 1 hour ago
WASHINGTON (AFP) — President George W. Bush allowed Friday that these were "tough economic times" for Americans, but insisted his administration was working ...

Lehman Shares Dragged Down by Fannie, Freddie Concern (Update2)
Bloomberg - 1 hour ago
By Josh Fineman July 11 (Bloomberg) -- Lehman Brothers Holdings Inc., once the biggest US underwriter of mortgage bonds, fell the most since the firm went ...

US Stocks Tumble on Concern Fannie, Freddie May Need Rescue
Bloomberg - 1 hour ago
By Michael Patterson July 11 (Bloomberg) -- US stocks tumbled, extending the longest stretch of weekly losses for the Standard & Poor's 500 Index in four ...

Fannie and Freddie Shares Slide, Dragging Down Markets
New York Times, United States - 1 hour ago
By MICHAEL M. GRYNBAUM Fannie Mae and Freddie Mac shares plummeted again on Friday — and the broader stock market followed suit — as concern mounted that ...

FX OUTLOOK-Dollar may fall as US financial woes mount
Reuters - 1 hour ago
NEW YORK, July 11 (Reuters) - The dollar is likely to fall in the week ahead amid ongoing turmoil in financial markets with speculation mounting the US ...

Financial stocks get slammed
CNNMoney.com - 2 hours ago
By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Anxiety over a possible government takeover of Fannie Mae and Freddie Mac sent ...

No US rating risk yet from Fannie, Freddie-agencies
guardian.co.uk, UK - 2 hours ago
By John Parry NEW YORK, July 11 (Reuters) - Any US government takeover of mortgage finance companies Fannie Mae and Freddie Mac would not in and of itself ...

Dow drops below 11000 for 1st time in 2 years
The Associated Press - 2 hours ago
NEW YORK (AP) — Stocks tumbled Friday as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further ...

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- Jerry Howard ...
MarketWatch - 2 hours ago
"Fundamental analysis and statements from top federal government officials point out that the hysteria in the markets regarding the viability of Fannie Mae ...

Mexico stocks fall amid US credit fears
Reuters - 3 hours ago
MEXICO CITY, July 11 (Reuters) - Mexican stocks slipped on Friday as investors worried about the widening impact of the US credit crisis and record oil ...

FTSE 100 closes in jaws of a bear market
Telegraph.co.uk, United Kingdom - 3 hours ago
By Emma Thelwell and Angela Monaghan London's leading share index closed deep into bear market territory this evening, as US stocks continued to tumble on ...

Shares of 2 giant US mortgage companies tumble
CBC.ca, Canada - 3 hours ago
Concern about the direction of the US mortgage crisis trashed the shares of two major mortgage lenders and guarantors, Fannie Mae and Freddie Mac. ...

US STOCKS-Wall St plunges on Fannie, Freddie, oil
Reuters - 3 hours ago
By Ellis Mnyandu NEW YORK, July 11 (Reuters) - US stocks plunged on Friday on concerns home financing providers Freddie Mac (FRE. ...

Fannie Mae, Freddie Mac shares crater under insolvency fears
MarketWatch - 3 hours ago
By MarketWatch As senior Bush administration officials reportedly weighing a plan that would see the government take over one or both of the two largest US ...

Calm down - behind the Fannie and Freddie panic
CNNMoney.com - 3 hours ago
Yes, there is a lot of fear about what's next for the government-sponsored mortgage giants. But Fannie and Freddie are unlikely to go away. ...

Fannie, Freddie And Oil Bring Down The House
Forbes, NY - 3 hours ago
Investors seem to have become more convinced that Freddie Mac (nyse: FRE - news - people ) and Fannie Mae (nyse: FNM - news - people ) will be bailed out by ...

Mortgage mess hammers Wall Street
CNNMoney.com - 3 hours ago
Dow goes below 11000 for the first time in nearly two years. Fannie and Freddie plunge on fears that the companies can't stay afloat. ...

Greek shares close with heavy losses on poor international market ...
Forbes, NY - 3 hours ago
ATHENS (Thomson Financial) - Greek shares closed lower as record high oil prices and concerns over mortgage brokers Fannie Mae and Freddie Mac dampened ...

MSCI World Index Retreats 20% From Record, Entering Bear Market
Bloomberg - 3 hours ago
By Chua Kong Ho and Lynn Thomasson July 11 (Bloomberg) -- Stocks fell around the globe, giving the MSCI World Index a 20 percent bear-market decline from ...

BOND REPORT: Treasurys Down As Fears Of Fannie, Freddie Support Rise - CNNMoney.com

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 19:18:00 +0000

US housing loan woes ripple across global markets
International Herald Tribune, France - 1 hour ago
By Stephen Labaton and Charles Duhigg WASHINGTON: The US government on Friday sought to allay fears on Wall Street as the value of the two ...

Key US mortgage lenders' shares in meltdown on insolvency fears
AFP - 1 hour ago
WASHINGTON (AFP) — Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar ...

GLOBAL MARKETS-Stocks, dollar slump on Fannie, Freddie jitters
guardian.co.uk, UK - 1 hour ago
By Herbert Lash NEW YORK, July 11 (Reuters) - Fears about the worsening health of the two largest US mortgage finance companies slammed global stocks and ...

Failure Is Not an Option
Barron's - 2 hours ago
By RANDALL W. FORSYTH Though technically insolvent, the GSEs will be bailed out to save the mortgage market, not shareholders. THE GOVERNMENT OWNS FANNIE ...

Obama campaign: Fannie, Freddie are "essential"
Reuters - 2 hours ago
WASHINGTON (Reuters) - US presidential candidate Barack Obama considers mortgage giants Fannie Mae and Freddie Mac "essential" in the effort to ensure ...

Obama camp: No comment on Fannie, Freddie steps
Reuters - 2 hours ago
WASHINGTON (Reuters) - Presidential candidate Barack Obama's campaign declined on Friday to comment on whether it would favor a bailout for mortgage giants ...

Paulson: Keep Fannie and Freddie in current form
The Associated Press - 2 hours ago
WASHINGTON (AP) — Treasury Secretary Henry Paulson, seeking to calm nervous investors about the financial state of Fannie Mae and Freddie Mac, ...

Obama cautious on lending giants bailout
MSNBC - 2 hours ago
The Obama campaign has been cautious in its response to market concerns that government-sponsored mortgage companies Fannie Mae and Freddie Mac are under ...

Citi analysts say Fannie, Freddie selling 'overdone'
MarketWatch - 2 hours ago
By John Spence, MarketWatch BOSTON (MarketWatch) -- In a bold call made Friday in the face of the latest plunge in shares of government-sponsored mortgage ...

FACTBOX: Key facts on Fannie Mae and Freddie Mac
Reuters - 3 hours ago
(Reuters) - Shares in US mortgage finance firms Fannie Mae and Freddie Mac plunged on Friday as market speculation mounted that the government was set to ...

Freddie and Fannie shares plunge on possibility of bailout
International Herald Tribune, France - 4 hours ago
By Stephen Labaton and Steven R. Weisman Shares of Fannie Mae and Freddie Mac, the beleaguered mortgage finance companies, plummeted again on Friday morning ...

Fannie, Freddie Lose Nearly Half Their Value as Markets Open
Washington Post, United States - 5 hours ago
By David S. Hilzenrath, Jeffrey H. Birnbaum and Howard Schneider Shares of Fannie Mae and Freddie Mac continued a week of freefall on Wall Street today, ...

Freddie and Fannie on the brink
Atlanta Journal Constitution, USA - 7 hours ago
By Andre Jackson It takes a number of tradespeople to fix up an old house. The same holds true for fixing the housing industry. First, you need someone to ...

McCain says no need for Fannie, Freddie bailout now
Reuters - 8 hours ago
BELLEVILLE, Michigan (Reuters) - Republican presidential candidate John McCain said on Thursday a government bailout of mortgage finance giants Fannie Mae ...

And now, for Fannie and Freddie
Asia Times Online, Hong Kong - 8 hours ago
By Chan Akya Oscar Wilde once described the British aristocracy's peculiar predilection for fox hunting as the "Unspeakable in pursuit of the Inedible". ...

Fearful investors wallop Fannie, Freddie
Seattle Times, United States - 12 hours ago
Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could become a self-fulfilling prophecy. By ALAN ZIBEL The Associated Press ...

MARKET SNAPSHOT: US Stocks Drop Sharply As Oil Surges, Mortgage ... - CNNMoney.com

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 17:16:00 +0000

As Dow drops below 11000, Cincinnati stocks take a beating
Bizjournals.com, NC - 58 minutes ago
Comments from Treasury Secretary Henry Paulson about troubled mortgage lenders Fannie Mae and Freddie Mac and another record high day for oil prices are ...

Fannie Mae, Freddie Mac shares in downward spiral The Business ...
Bizjournals.com, NC - 1 hour ago
Shares of mortgage giants Fannie Mae and Freddie Mac fell to their lowest levels in more than 17 years on concerns about a government bailout for the firms. ...

Crude Oil Surges to New Record
Wall Street Journal - 1 hour ago
Growing worry about Fannie Mae and Freddie Mac, coupled with a leap in oil prices to a fresh intraday record, sent stocks sharply lower on Friday. ...

US seeks to support Fannie, Freddie 'in current form'
AFP - 1 hour ago
WASHINGTON (AFP) — Treasury Secretary Henry Paulson said Friday the US government is aiming to support ailing mortgage giants Fannie Mae and Freddie Mac "in ...

Q&A: Freddie Mac and Fannie Mae
BBC News, UK - 1 hour ago
Troubled US mortgage giants Freddie Mac and Fannie Mae are at the heart of the US housing market. Their shares have plunged on fears that they might need to ...

Stocks Slide Further on Treasury Comments
TheStreet.com - 2 hours ago
The US stock market continued its deep slump after opening Friday with a biting downdraft. Continued jitters about Fannie Mae FNM and Freddie Mac FRE ...

US SWAPS-2Y spread off earlier tights after Paulson
Reuters - 2 hours ago
NEW YORK, July 11 (Reuters) - The spread on US two-year interest rate swaps widened from their earlier tights on Friday after US Treasury Secretary Henry ...

Fannie and Freddie shares under siege
MarketWatch - 2 hours ago
By MarketWatch BOSTON (MarketWatch) -- Shares of Fannie Mae and Freddie Mac dropped nearly 50% Friday, plunging for the fourth time in five days as ...

TREASURIES-Bonds pare losses after Paulson comments on GSEs
Reuters - 2 hours ago
NEW YORK, July 11 (Reuters) - US Treasury debt prices pared losses on Friday after US Treasury Secretary Henry Paulson said the Treasury Department's chief ...

Paulson sees no bailout of Fannie, Freddie on horizon
MarketWatch - 2 hours ago
By Rex Nutting , , ) . In a short statement, Paulson said the government is committed to "supporting Fannie Mae and Freddie Mac in their current form as ...

prime focus to support GSEs in current form
guardian.co.uk, UK - 2 hours ago
WASHINGTON, July 11 (Reuters) - US Treasury Secretary Henry Paulson said on Friday that the Treasury Department's chief aim at present is to back ...

US market tumbles on oil price and federal lending concern
Telegraph.co.uk, United Kingdom - 2 hours ago
By Angela Monaghan and agencies US shares tumbled when the market opened today, as oil prices touched a new high and fears mounted over the fate of federal ...

White House: Paulson to Speak This Morning
Wall Street Journal Blogs, NY - 3 hours ago
The White House said US Treasury Secretary Henry Paulson will make a statement on government-sponsored enterprises Friday morning. The White house declined ...

Treasury Default Swaps at Four-Month High on Fannie, Freddie
Bloomberg - 4 hours ago
By Abigail Moses July 11 (Bloomberg) -- The cost of protecting against losses on Treasuries rose to the highest in almost four months on speculation any ...

Loan giants promised safety net
Sydney Morning Herald, Australia - 5 hours ago
FANNIE MAE and Freddie Mac, the largest buyers of US home loans, are too big for the government to let them fail, leading Republican and Democratic senators ...

Checking Up On Fannie Mae, Freddie Mac
NPR - 5 hours ago
Morning Edition, July 11, 2008 · Government-backed mortgage agencies Fannie Mae and Freddie Mac are facing troubles. Renee Montagne talks to Bill Seidman, ...

Early Briefing: Fannie and Freddie Continue Their Fall
Washington Post, United States - 8 hours ago
On Capitol Hill, the Treasury secretary offered reassurance that they are still on firm footing, and the Senate moved on approved a housing relief bill that ...

Fannie, Freddie sink on government rescue fears
The Associated Press - 10 hours ago
WASHINGTON (AP) — Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy. ...

Stocks end higher, with Alcoa rallying and revival in M&A
MarketWatch - 20 hours ago
By MarketWatch Stocks bounce higher after Federal Reserve chief Ben Bernanke and Treasury Secretary Henry Paulson call for an overhaul of rules governing US ...

Fannie, Freddie May Need to Lose $77 Billion Before Bailout - Bloomberg

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 15:17:00 +0000

Key US mortgage lenders in shares meltdown
AFP - 1 hour ago
NEW YORK (AFP) — Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms ...

Mexico's Peso Weakens as Global Stocks Slide Curbs Demand
Bloomberg - 1 hour ago
By Hugh Collins July 11 (Bloomberg) -- Mexico's peso weakened for the first day in seven as a slide in global stocks reduced demand for higher-yielding, ...

UPDATE 1-W.House presses Congress on Fannie-Freddie legisl'n
Reuters - 1 hour ago
WASHINGTON, July 11 (Reuters) - The "best thing" for Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) right ...

TREASURIES-US bonds slip on issuance fears driven by GSE woes
Reuters - 1 hour ago
NEW YORK, July 11 (Reuters) - Treasury debt prices slipped on Friday on fears of increased government debt issuance after a report that the US government ...

US STOCKS-Wall St tumbles on Fannie, Freddie, oil
Reuters - 1 hour ago
By Ellis Mnyandu NEW YORK, July 11 (Reuters) - US stocks slid on Friday on concerns about the stability of home financing providers Freddie Mac (FRE. ...

FACTBOX: Fannie Mae and Freddie Mac
Reuters - 1 hour ago
NEW YORK (Reuters) - The following is a summary of government-sponsored enterprises, Fannie Mae and Freddie Mac. The debt issued by Fannie Mae and Freddie ...

US mortgage giants' shares plummet
RTE.ie, Ireland - 1 hour ago
Shares in US mortgage finance giants Fannie Mae and Freddie Mac are in freefall this afternoon on heightened concerns that they may face insolvency or a US ...

Freddie, Fannie shares sink on bailout concerns
The Associated Press - 1 hour ago
WASHINGTON (AP) — Shares of Freddie Mac plummeted Friday as Wall Street and Washington became more convinced that the government is likely to bail out the ...

US mortgage firms' shares slump
BBC News, UK - 1 hour ago
Shares in US mortgage firms Freddie Mac and Fannie Mae have fallen by more than 40% in early trading amid concerns for the future of the companies. ...

FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac
MarketWatch - 1 hour ago
WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, ...

Fannie, Freddie shares plummet on NYSE after market open
Reuters - 1 hour ago
NEW YORK (Reuters) - Shares of Fannie Mae (FRE.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, ...

Stocks battered in early trade
CNNMoney.com - 1 hour ago
NEW YORK (CNNMoney.com) -- Stocks slumped Friday morning, dragged down by surging oil prices and worries that the government will have to take over ...

Fannie, Freddie: 45% and sinking fast
CNNMoney.com - 1 hour ago
Continued sharp slide in shares of mortgage finance firms raises new concerns about need for new capital, threat of government takeover. ...

Comtex Smartrend(R) Morning Call -- July 11, 2008
FOXBusiness - 1 hour ago
Jul 11, 2008 (SmarTrend via COMTEX) ----Despite persistent fears about Fannie Mae and Freddie Mac, the DJIA climbed a net 80 points yesterday, ...

Wall Street faces Fannie, Freddie slide
CNNMoney.com - 2 hours ago
Futures tumble as anxiety mounts over the fate of the mortgage finance companies and oil hits a record. NEW YORK (CNNMoney.com) -- US stocks were poised to ...

Growing concerns about future of Fannie Mae, Freddie Mac
USA Today - 2 hours ago
The New York Times says federal officials are weighing a government takeover of Fannie Mae and Freddie Mac, the financial giants that guarantee about half ...

The Stock Market Looks Into the Abyss
Wall Street Journal Blogs, NY - 2 hours ago
The vicious circle looks to continue today, as shares of Fannie Mae and Freddie Mac are expected to plunge — and take the market with it — after the New ...

UK Bonds Gain as Fannie Mae, Iran Spur `Flight to Quality'
Bloomberg - 2 hours ago
By Anchalee Worrachate July 11 (Bloomberg) -- UK government notes advanced as concern US mortgage lenders Fannie Mae and Freddie Mac don't have enough ...

FANNIE MAE AND FREDDIE MAC PLUMMET IN PREMARKET TRADING
Agenzia Giornalistica Italia, Italy - 2 hours ago
(AGI) - New York, 11 July. - Wall Street share prices will open in the red: Fannie Mae dropped 27 pct and Freddie Mac fell 35 pct due to rumours that the US ...

News roundup: Feds fear Fannie, Freddie meltdown; Afghan gov't ...
USA Today - 2 hours ago
The New York Times reports that the Bush administration is "considering a plan" to take over Fannie Mae and Freddie Mac, the giant government-chartered ...

Freddie, Fannie CDS edge tighter after NYT report
Reuters - 2 hours ago
NEW YORK, July 11 (Reuters) - Credit insurance costs on Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE. ...

Lehman Takes `Pounding' Again as Speculation Drags Down Shares - Bloomberg

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 07:16:00 +0000

The Rumor Mill Grinds Lehman
Wall Street Journal - 3 hours ago
By SUSANNE CRAIG The New York investment bank's shares fell as much as 21% as unfounded rumors circulated that some big clients were scaling back their ...

Lehman shares drop, Pimco says still trading
Reuters - 6 hours ago
By Jennifer Ablan and Dan Wilchins NEW YORK (Reuters) - Lehman Brothers Holdings Inc shares tumbled to an eight-year low on Thursday as the investment bank ...

Shares of Lehman Brothers Take a Beating
New York Times, United States - 6 hours ago
By JENNY ANDERSON Lehman Brothers, Wall Street’s favorite punching bag, took another beating on Thursday as jittery investors fretted over problems at ...

Lehman Says It Shrank Level 3 Assets by 2.7% in Second Quarter
Bloomberg - 8 hours ago
By Josh Fineman July 10 (Bloomberg) -- Lehman Brothers Holdings Inc., the securities firm that's lost 75 percent of its market value this year, ...

4th UPDATE: Pimco Says It Continues To Trade With Lehman
CNNMoney.com - 10 hours ago
(Adds widening of Lehman credit default swaps and details on day's trading in first seven paragraphs.) By Jed Horowitz NEW YORK -(Dow Jones)- The founder of ...

Another Long Day For Lehman
Forbes, NY - 10 hours ago
The bears continue to prowl around the investment house Thursday, sending shares down more than 19% at one point. Yet another round of rumors, ...

Lehman Brothers Again Hit By Credit Fears
TheStreet.com - 14 hours ago
Shares of Lehman BrothersLEH sank to their lowest levels in more than eight years Thursday, after a rumor that bond giant Pimco was curtailing trading with ...

PIMCO: We’re Still Trading With Lehman
Wall Street Journal Blogs, NY - 15 hours ago
Pacific Investment Management, the giant fixed-income asset management company, denied Thursday that it’s pulling trading lines with Lehman Brothers ...

Pimco says continues trading with Lehman
Reuters - 15 hours ago
NEW YORK (Reuters) - Pimco continues to trade with investment bank Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research), a spokesman for Pimco ...

Pimco says continues trading with Lehman
guardian.co.uk, UK - 15 hours ago
NEW YORK, July 10 (Reuters) - Pimco continues to trade with Lehman Brothers Holdings Inc, a Pimco spokesman said on Thursday, amid rumors that the world's ...

Lehman Speculation Spectacular, FCStones Results, ICE Ducks Oil Blame
Barron's Blogs - 15 hours ago
Speculation about the dangers of dealing with Lehman Brothers (LEH) took on an especially brutal tone in Thursday’s trading, as various media reported that ...

The Scare At Lehman: Like A Dress Rehearsal For A Run On The Bank
DealBreaker.Com, NY - 10 hours ago
Today's scare at Lehman Brothers showed us all what a bank-run would look like. The stock plunged 22% while credit default swaps blew out to deathwatch ...

Who's Talk Was Louder on Lehman (LEH) Today - Bill Gross or Ben ...
StreetInsider.com (subscription), MI - 11 hours ago
Who should you listen to on Lehman Brothers (NYSE: LEH), PIMCO's Bill Gross or the Federal Reserve Chairman Ben Bernanke? Today, rumors were swirling that ...

PIMCO Rumors Crush Lehman (LEH): Here We Go Again
Clusterstock, NY - 13 hours ago
Lehman (LEH) fell 22% to $15 this morning on rumors that some trading partners, including PIMCO, were cutting it off (for those with really short-term ...

Gross Officially Says PIMCO Has Not Reduced Investments in Lehman ...
StreetInsider.com (subscription), MI - 13 hours ago
Appearing on CNBC, PIMCO's Bill Gross said the company has continued to accept Lehman Brothers (NYSE: LEH) as a counter party. Additionaly, Gross said that ...

More Rumors Swirl Around Lehman
New York Times Blogs, NY - 14 hours ago
Speculation was rampant Thursday that Pimco, the gargantuan bond fund, has been cutting back its dealings with Lehman, whose liquidity and financial ...

Making a Concerted Upward Push
Briefing.com, CA - 15 hours ago
[BRIEFING.COM] Stocks have moved higher into positive ground after oscillating along the neutral line. Seven of the ten economic sectors are now trading ...

Pimco's Gross says not reducing exposure to Lehman
Reuters - 13 hours ago
NEW YORK, July 10 (Reuters) - Bill Gross, chief investment officer at bond fund manager Pimco, told CNBC on Thursday that the asset manager had not reduced ...

UPDATE:GE In Final Talks With Shinsei Over Lake Sale -Source - CNNMoney.com

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 07:16:00 +0000

GE To Sell Lake To Shinsei For Y580 Billion-Nikkei
CNNMoney.com - 1 hour ago
TOKYO (Nikkei)-- General Electric Co. (GE) will sell its Japanese unit operating the Lake brand consumer lending business to Shinsei Bank (8303. ...

EXCLUSIVE-GE to sell moneylender to Shinsei-sources
Forbes, NY - 2 hours ago
By David Dolan and Taro Fuse TOKYO, July 11 (Reuters) - General Electric Co (nyse: GE - news - people ) is in final talks to sell three of its Japanese ...

Shinsei to buy GE Japan card, house loan units-sources
Reuters - 2 hours ago
TOKYO, July 11 (Reuters) - General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) is in final talks to sell its entire Japanese credit card and ...

GE to sell Japan moneylender to Shinsei
Reuters - 5 hours ago
By David Dolan and Taro Fuse TOKYO (Reuters) - General Electric Co (GE.N: Quote, Profile, Research) is in final talks to sell its Japanese consumer finance ...

GE to Sell Japan Consumer Finance Units to Shinsei, People Say
Bloomberg - 2 hours ago
By Rachel Layne and Takahiko Hyuga July 11 (Bloomberg) -- General Electric Co. is selling its Japan consumer lending operations to Shinsei Bank Ltd. for ...

Air Berlin load factor improves, passenger numbers steady
MarketWatch - Jul 6, 2008
By Simon Kennedy , , ) said Monday that the number of passengers carried in June was roughly steady at 2.7 million, while its load factor, ...

San Antonio rolls with Toyota changes - Houston Chronicle

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 07:16:00 +0000

Toyota decides Nummi will not build Prius now
San Francisco Chronicle, USA - 3 hours ago
(07-10) 20:36 PDT -- Speculation that Toyota Motor Corp. might build Prius hybrids in the Bay Area appeared to unravel Thursday when the company announced ...

Toyota Shares Drop as Carmaker Plans to Cut US Truck Output
Bloomberg - 4 hours ago
By Naoko Fujimura July 11 (Bloomberg) -- Toyota Motor Corp., the world's second-largest automaker, fell on the Tokyo Stock Exchange as record US gasoline ...

Toyota puts its US production of SUVs on back burner
Financial Times, UK - 5 hours ago
By Bernard Simon in Toronto Toyota is to halt production of pick-up trucks and sport-utility vehicles in North America for three months from August to ...

Toyota to Start Building Prius Hybrid in US
Washington Post, United States - 5 hours ago
By Jordan Weissmann Toyota said yesterday that it will begin manufacturing its popular Prius hybrid sedan in the United States for the first time and ...

Toyota to build fuel-sipping Prius hybrid in US
AFP - 5 hours ago
WASHINGTON (AFP) — Japanese auto giant Toyota said Thursday that it plans to start assembling its fuel-sipping Prius hybrid car in the United States with ...

Toyota cuts truck, SUV production
Detroit Free Press, United States - 7 hours ago
By BRENT SNAVELY • FREE PRESS BUSINESS WRITER • July 10, 2008 After reviewing options for several months, a steeper-than-expected sales decline in June ...

Toyota plant halt includes 'silver lining'
Houston Chronicle, United States - 8 hours ago
By MICHELLE ROBERTS AP Writer © 2008 AP SAN ANTONIO — With gas at $4 per gallon, perhaps a Prius plant would have been better for San Antonio, ...

Fremont out as Toyota chooses Mississippi site for Prius
Bizjournals.com, NC - 9 hours ago
Toyota Motor Corp. of Japan said Thursday it chose a site in Mississippi as its first US site to build the Prius, its popular hybrid vehicle. ...

Toyota to build hybrid Prius in the US
International Herald Tribune, France - 10 hours ago
AP Toyota Motor Corp. said Thursday it is shifting its US manufacturing to meet rising demand for more fuel-efficient cars and falling demand for trucks and ...

Toyota to Make Prius in US, Hybrid's Biggest Market (Update2)
Bloomberg - 10 hours ago
By Alan Ohnsman and Bill Koenig July 10 (Bloomberg) -- Toyota Motor Corp. will build its Prius gasoline-electric car in the US, responding to a weak dollar ...

Toyota's Prius Becomes a Southern Belle
Wired News - 12 hours ago
By Chuck Squatriglia July 10, 2008 | 1:52:50 PM The sudden shuffle is unusual for a company known to take its time making investment decisions and ...

BUSINESS BRIEFS: Toyota: Highlander could mean investment in state
Munster Times, IN - 1 hour ago
BY GERRY DICK | Friday, July 11, 2008 | No comments posted. A vice president at Toyota Motor Manufacturing Indiana says the production changes at the Gibson ...

Treasuries Fall on Speculation US to Support Fannie, Freddie - Bloomberg

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 07:16:00 +0000

US could take over mortgage giants Fannie, Freddie: report
AFP - 59 minutes ago
WASHINGTON (AFP) — The US government is considering a plan to take over mortgage giants Fannie Mae and Freddie Mac if their finance problems deepen, ...

Freddie Mac, Fannie Mae hurting in subprime fallout
ABC Online, Australia - 1 hour ago
By business editor Peter Ryan With falling home values, and loans in default across America, Fannie Mae and Freddie Mac might not have enough capital to ...

Fannie, Freddie see woes mount
Houston Chronicle, United States - 1 hour ago
By CHARLES DUHIGG NEW YORK — The word began spreading across Wall Street trading desks Monday: Fannie Mae and Freddie Mac, the companies at heart of the ...

TREASURIES-Fall in Asia on Fannie, Freddie takeover report
Reuters - 1 hour ago
By Eric Burroughs TOKYO, July 11 (Reuters) - US Treasuries fell in Asia on Friday after a report that the US government is considering taking over Fannie ...

US govt considering takeover of Fannie, Freddie-NYT
Reuters - 2 hours ago
TOKYO, July 11 (Reuters) - The US government is considering taking over the top US mortgage lenders Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie ...

Fannie Mae, Freddie Mac stocks plunge on bailout fears
Los Angeles Times, CA - 2 hours ago
NEW YORK -- Fresh concerns about the troubled housing and mortgage markets were triggered Thursday by speculation that the government would be forced to ...

Treasuries Decline as Asian Stocks Rebound, Inflation Outlook
Bloomberg - 2 hours ago
By Wes Goodman July 11 (Bloomberg) -- Treasuries fell, with 10-year notes dropping by the most in three weeks, as Asian stocks rebounded and near-record oil ...

Fannie, Freddie Resume Their Free Fall
BusinessWeek - 2 hours ago
Investors dump shares on concerns about the mortgage giants' capital-raising plans. The companies need housing prices to stabilize, but that's months away ...

In Erratic Session, Giant Chemical Deal Lifts Shares
New York Times, United States - 6 hours ago
By AP Wall Street stumbled through another volatile session but ended with a respectable gain on Thursday after a multibillion-dollar deal in the chemicals ...

Movers: Freddie Mac, Fannie Mae, Lehman, Wachovia, Rohm & Haas
BusinessWeek - 9 hours ago
Freddie Mac (FRE) and Fannie Mae (FNM) shares are seen weaker after remarks from former St. Louis Fed's Poole saying that the housing agencies were ...

Wal-Mart Reports June Sales - FOXBusiness

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 05:16:00 +0000

Retail sales shot up for a second month
Minneapolis Star Tribune, MN - 1 hour ago
With consumers eagerly spending their stimulus checks, retail sales shot up for a second month. But back-to-school season could be "the worst in history," ...

US Consumers Trade Down As Economic Angst Grows
Wall Street Journal - 1 hour ago
By GARY MCWILLIAMS Spurred by economic worries, American shoppers have quickly decided that cheaper is better. They are trading down to store brands from ...

Some US retailers post solid gains
International Herald Tribune, France - 4 hours ago
By Stephanie Rosenbloom Price reductions, the US government and Mother Nature helped retailers gain solid sales growth last month. ...

Wal-Mart de Mexico says net income rose 9 percent in 2Q on new ...
International Herald Tribune, France - Jul 9, 2008
AP MEXICO CITY: Wal-Mart de Mexico SA says net income rose by 9 percent in the second quarter as new stores opened and customer traffic increased. ...

Retailers Recalibrate Pitch To Strapped Consumers
Wall Street Journal - Jul 8, 2008
By ANN ZIMMERMAN and GARY MCWILLIAMS Rather than pinching pennies as consumers rein in spending, some retailers are plowing money into standing out from the ...

Economic stimulus checks make difference to retailers
Milwaukee Journal Sentinel, WI - 2 hours ago
By DORIS HAJEWSKI Consumers with stimulus checks bought warm-weather items in June, pushing sales higher than expected for many retailers. ...

Dow CEO Liveris Leads Chemical Maker's Retreat From $145 Oil - Bloomberg

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 05:16:00 +0000

Dow CEO Must Foster Spirit of Innovation
Wall Street Journal - 1 hour ago
By LESLIE EATON and ANA CAMPOY Dow Chemical Co.'s chief executive, Andrew Liveris, Thursday was exactly where he likes to be: in the limelight, announcing a ...

Dow Chemical to Acquire Rohm and Haas
FOXBusiness - 1 hour ago
Dow Chemical will buy Rohm & Haas, the Philadelphia, Penn.-based specialty chemicals maker for $18.8 billion. The $78-per-share offer is a whopping 74% ...

Rohm and Haas Reaches Accord to be Acquired by The Dow Chemical ...
FOXBusiness - 1 hour ago
PHILADELPHIA, Jul 10, 2008 (BUSINESS WIRE) ----Rohm and Haas Company (NYSE:ROH) announced today it has entered into an agreement with The Dow Chemical ...

Indonesian shares outlook - Slightly higher on Wall Street lead
Forbes, NY - 1 hour ago
The Dow industrials rose 0.7 percent on Thursday following Dow Chemical (nyse: DOW - news - people )'s $15 billion all-cash acquisition of special chemicals ...

US stocks rise on Dow acquisition, Bernanke testimony
NDTV.com, India - 2 hours ago
Major US stock indices climbed Thursday as top US economic policy officials sought to allay mortgage-market concerns and called for more financial ...

The phone call that led to $3bn backing
Financial Times, UK - 2 hours ago
By Francesco Guerrera and Julie MacIntosh "A month and a half ago, we had no clue we would be announcing this deal today." Andrew Liveris, Dow Chemical's ...

Taipei shares open slightly higher on US lead
Forbes, NY - 2 hours ago
TAIPEI (XFN-ASIA) - Share prices opened slightly higher, extending yesterday's modest rebound following a firmer finish on Wall Street overnight. ...

SINGAPORE (Thomson Financial) - Singapore shares are expected to ...
Forbes, NY - 3 hours ago
The Dow Jones industrial average closed up 0.7 percent at 11229.02 following a multibillion dollar merger announcement between Dow Chemical Co. ...

Taipei shares outlook - Higher on Wall St gains, technical rebound
Forbes, NY - 3 hours ago
TAIPEI (XFN-ASIA) - Share prices are expected to open higher, tracking Wall Street's gains after a multibillion dollar deal between Dow Chemical Co and ...

Buffett's got the fortitude and the funds to get deals done
USA Today - 4 hours ago
By Matt Krantz, USA TODAY Warren Buffett, best known as a savvy investor, has been involved in businesses ranging from insurance to candy. ...

Dow taps Buffett for $3bn
Financial Times, UK - 4 hours ago
The changing face of global finance came into stark relief yesterday as Dow Chemical tapped Warren Buffett and Kuwait's sovereign wealth fund to help pay ...

Buffett, international funds fill financing void
Reuters - 8 hours ago
By Jessica Hall and Jui Chakravorty PHILADELPHIA/NEW YORK (Reuters) - With Wall Street still hesitant to make big bets on merger financing, corporate buyers ...

Buffett Takes Up Wall Street Slack Funding Takeovers (Update1)
Bloomberg - 9 hours ago
By Josh P. Hamilton and Andrew Frye July 10 (Bloomberg) -- Billionaire investor Warren Buffett's Berkshire Hathaway Inc. has helped finance a second ...

US Considers Takeover of Fannie Mae, Freddie Mac, NYT Says - Bloomberg

noreply@blogger.com (jicnacho) — Fri, 11 Jul 2008 05:16:00 +0000

Mortgage Giants Face Pressure
Wall Street Journal Blogs, NY - 52 minutes ago
By James R. Hagerty, Gregory Zuckerman and Craig Karmin Even as federal officials sought to reassure investors about the financial health of Fannie Mae and ...

PRESS DIGEST - Washington Post Business - July 11
Reuters - 1 hour ago
WASHINGTON, July 11 (Reuters) - The Washington Post included the following items on the front page of its business section on June 11. ...

Insurance Dilemma Adds to Distress
Wall Street Journal - 1 hour ago
By LIAM PLEVEN Amid their many problems, Fannie Mae and Freddie Mac also are contending with woes in an industry that is supposed to help reduce their risk: ...

Questions and Answers About Fannie, Freddie
Wall Street Journal - 1 hour ago
By RUTH SIMON Fannie Mae and Freddie Mac are government-sponsored enterprises, or GSEs, which are congressionally chartered, shareholder-owned companies ...

Uncle Sam in Housing Fix
Wall Street Journal - 1 hour ago
Lawmakers have grilled senior bankers over the causes of the credit crunch. They shouldn't be too smug. Like banks that ignored contingent exposures to ...

How to fix Fannie Mae and Freddie Mac: nationalize 'em
Los Angeles Times, CA - 1 hour ago
William Poole has long warned that mortgage titans Fannie Mae and Freddie Mac had grown so large that they posed a serious threat to the US financial system ...

US Considers Taking Over Fannie Mae, Freddie Mac, NYT Reports
Bloomberg - 1 hour ago
By Joseph Galante July 10 (Bloomberg) -- US officials are considering plans to take over one or both of the nation's largest mortgage finance companies, ...

Housing giants feel new trauma
Minneapolis Star Tribune, MN - 1 hour ago
Home mortgage companies Fannie Mae and Freddie Mac saw their stock plunge, setting off fears of the unthinkable. By CHARLES DUHIGG, New York Times AP ...

US considers takeover of two mortgage giants
International Herald Tribune, France - 2 hours ago
By Stephen Labaton and Steven R. Weisman WASHINGTON: Alarmed by the growing financial stress at the nation's two largest mortgage finance companies, ...

A Trickle That Turned Into a Torrent
New York Times, United States - 2 hours ago
By CHARLES DUHIGG The word began spreading across Wall Street trading desks on Monday morning: Fannie Mae and Freddie Mac, the giant companies at the heart ...

For Short Sellers, It Doesn’t Get Much Better
New York Times, United States - 2 hours ago
By LANDON THOMAS Jr. Blood is in the water, and short sellers, often viewed as the sharks of Wall Street, are circling. As shareholders of Fannie Mae and ...

Fears rise on trillion-dollar trouble for Fannie Mae and Freddie Mac
AFP - 3 hours ago
WASHINGTON (AFP) — US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, ...

Stocks Gain Footing In Rocky Trading
Washington Post, United States - 4 hours ago
By Renae Merle and Christopher Twarowski Stocks gained some ground yesterday but not before enduring a volatile day of trading in which the major indicators ...

Fannie And Freddie: Too Important to Fail
Forbes, NY - 4 hours ago
Treasury Secretary Hank Paulson told Congress on Thursday that big financial institutions should be allowed to fail, but he sidestepped questions on the ...

Paulson tries to soothe concerns over agencies
Financial Times, UK - 4 hours ago
By Dave Shellock Relentless worries about the health of the global financial sector and a late spike in oil prices stoked nervous trading in stock markets ...

Blue chips shrug off Freddie and Fannie sell-off
Financial Times, UK - 4 hours ago
By Jeremy Lemer in New York Wall Street stocks shrugged off a run on Freddie Mac and Fannie Mae shares and a spike in oil prices yesterday to rally modestly ...

A Delicate Balance
Washington Post, United States - 5 hours ago
By Steven Pearlstein You know something's up when both the secretary of the Treasury and the chairman of the Federal Reserve give speeches calling for a new ...

MARKET SNAPSHOT: Stocks End Higher, With Alcoa Rallying And ...
CNNMoney.com - 6 hours ago
US stocks on Thursday tried and mostly succeeded in bouncing back from the prior day's credit crisis-fueled losses, with concerns about the viability of ...