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Business

Sun, 07 Sep 2008 01:14:10 +0200

.::Fannie, Freddie's boards meet Saturday to mull government plan (Reuters) ::.

Reuters - The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said.

Sat, 06 Sep 2008 23:37:36 +0200

.::Boeing machinists walk off the job as talks fail (Reuters) ::.

Reuters - Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.

Sat, 06 Sep 2008 17:44:02 +0200

.::Alitalia adviser to meet BA on rescue plan: report (Reuters) ::.

Reuters - Alitalia's (AZPIa.MI) adviser will soon present its rescue plan for the airline to British Airways , considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper.

Sat, 06 Sep 2008 03:22:41 +0200

.::Greenberg could pay fine of up to $100 million: report (Reuters) ::.

Reuters - Maurice "Hank" Greenberg, the former CEO of American International Group Inc , could face a fine of up to $100 million to settle three-year-old civil fraud charges brought by New York's attorney general, according to business news channel CNBC on Friday.

Sat, 06 Sep 2008 23:49:06 +0200

.::Treasury plan won't help Fannie, Freddie shareholders: Frank (Reuters) ::.

Reuters - Fannie Mae and Freddie Mac shareholders, including preferred stockholders, will not fair well under a proposed U.S. Treasury takeover of the two housing finance companies, House Financial Services Committee Chairman Barney Frank told Reuters on Saturday.

Fri, 05 Sep 2008 23:14:22 +0200

.::Wall Street bounces back from dismal jobs report (AFP) ::.

AFP - Wall Street shares recovered from steep early losses and finished mostly higher Friday as the market was able to shake off a jump in unemployment that sparked renewed fears of a US recession.

Sat, 06 Sep 2008 00:25:10 +0200

.::More Cons Than Pros To 401(k) Loan (Investor's Business Daily) ::.

Investor's Business Daily - In the past year, the credit crunch has spread from mortgages to student loans and other types of debt. Home equity lines of credit have been reeled in.

Sat, 06 Sep 2008 11:32:22 +0200

.::DSG sought bid from Media Markt, but rebuffed: report (Reuters) ::.

Reuters - Germany's Media Markt, Europe's biggest electrical goods retailer, has rejected a request from DSG International Plc to consider a bid for its closest rival, the Financial Times said on its Web site.