Saturday, July 12, 2008

Worst Fears Ease, for Now, on Mortgage Giants’ Fate - New York Times


Oil prices, lenders' woes roil stocks
Boston Globe, United States - 2 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 ...

Stocks end lower amid worries on Fannie, Freddie
The Associated Press - 6 hours ago
NEW YORK (AP) — Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday — stocks tumbled, ...

Closing Glance: Most media companies' shares fall
Forbes, NY - 10 hours ago
AP 07.11.08, 5:00 PM ET Most major media companies' shares declined on Friday in a volatile trading session as rising concerns about Fannie Mae and Freddie ...

Wall St brokers face Fannie, Freddie worries
Reuters - 10 hours ago
By Joseph A. Giannone NEW YORK (Reuters) - Worries that the government may nationalize struggling mortgage finance giants Fannie Mae and Freddie Mac created ...

Mexico's Bonds Drop as Falling Stocks Diminish Risk Appetite
Bloomberg - 12 hours ago
By Hugh Collins July 11 (Bloomberg) -- Mexico's peso bonds fell for the first time since July 7 as declining global stocks reduced demand for ...

Failure Is Not an Option
Barron's - 14 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 camp: No comment on Fannie, Freddie steps
Reuters - 14 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 ...

Opening Glance: Specialty retailers mainly fall
Forbes, NY - 16 hours ago
AP 07.11.08, 10:47 AM ET Shares of specialty retailers mainly fell with the overall market Friday morning as oil prices hit a record high of $147 a barrel. ...

Fannie, Freddie Lose Nearly Half Their Value as Markets Open
Washington Post, United States - 17 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, ...

Toronto stock index set to open higher
Reuters UK, UK - 17 hours ago
TORONTO, July 11 (Reuters) - The Toronto Stock Exchange's main index is set to open higher on Friday, led by energy shares, after oil rose to a record high ...

US Considers Taking Over Fannie Mae, Freddie Mac, NYT Reports
Bloomberg - Jul 10, 2008
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, ...

MARKET SNAPSHOT: Stocks End Higher, With Alcoa Rallying And ...
CNNMoney.com - Jul 10, 2008
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 ...

UK shares plunge again
guardian.co.uk, UK - Jul 10, 2008
Traders will have to find a new word for volatile, judging by the see-saw performance of the market so far. After picking up in the wake of a positive ...

Fannie, Freddie
Bloomberg - Jul 9, 2008
Fannie Mae slipped $1.08, or 6.1 percent, to $16.54. Freddie Mac lost $1.94, or 14 percent, to $11.52. Fannie's 3.25 percent benchmark notes priced to yield ...

Fannie, Freddie rise after dive a day earlier
The Associated Press - Jul 8, 2008
NEW YORK (AP) — Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back Tuesday, a day after plunging over worries the pair might need ...

Stocks Flatten as Oil Falls
Wall Street Journal - Jul 8, 2008
By ROB CURRAN NEW YORK -- US stocks looked directionless Tuesday as oil prices looked to complete a $10 drop in two sessions, helping consumer-discretionary ...

A Rally Beckons — Will It Last?
Wall Street Journal Blogs, NY - Jul 8, 2008
Futures have pulled a turnaround headed into the open of trading, and what looked to be a harsh beginning to the day has a brighter tenor to it. ...

Mortgage giants' woes could filter down to average investors
Fort Worth Star Telegram, TX - 2 hours ago
By JIM FUQUAY The troubles at Fannie Mae and Freddie Mac could hit home for even the average investor. The nation’s two big purchasers of home mortgages are ...

US stocks tumble as fear grows
China Post, Taiwan - 5 hours ago
Mac and Fannie Mae, two US firms which provide key financing to the vast mortgage market. The blue-chip Dow Jones Industrial Average had tumbled 191.50 ...

News Minute: Market turmoil...Bush urges offshore drilling ...
KVOA.com, AZ - 12 hours ago
Entertainment News from AP AP - July 11, 2008 3:03 PM ET NEW YORK (AP) - The bear continues to prowl on Wall Street today as record-high oil prices and ...

Dow Hits Lowest in Two Years
WIOD, FL - 13 hours ago
The Dow Jones Industrial Average (INDU) dropped over 200 points midday on Friday, falling below 1100 for the first time in two years. ...
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