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- IndyMac seized as financial troubles spread
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WASHINGTON (Reuters) - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 23:06
- Saudis agree to defer Pakistan’s oil payments
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SINGAPORE (Reuters) - Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth about $5.9 billion (3 billion pounds) during Pakistan’s present July-June financial year, The Financial Times reported on Saturday.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 21:54
- Fannie and Freddie say finances sound
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WASHINGTON (Reuters) - U.S. companies Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country’s two largest mortgage finance companies.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 21:17
- CORRECTION - Saudis agree to defer Pakistan’s oil payments
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SINGAPORE (Reuters) - Saudi Arabia has agreed in principle to defer payments for crude oil sales to Pakistan expected to be worth about $5.9 billion (3 billion pounds) during Pakistan’s present July-June financial year, The Financial Times reported on Saturday.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 21:08
- Business and the weather: Something for a rainy day
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How businesses and individuals are, increasingly, guarding against the weatherIT IS not only the British who are obsessive about the weather. The sale this week of the Weather Channel by Landmark, a private company, to NBC Universal and a couple of private-equity firms for a rumoured $3.5 billion shows how highly Americans value a decent forecast. The internet is jammed with websites that inform about current and future weather conditions. …
Original Source:
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11 July, 2008| massmedia |
Comments (0) @ 20:45
- Something for a rainy day
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How businesses and individuals are, increasingly, guarding against the weatherIT IS not only the British who are obsessive about the weather. The sale this week of the Weather Channel by Landmark, a private company, to NBC Universal and a couple of private-equity firms for a rumoured $3.5 billion shows how highly Americans value a decent forecast. The internet is jammed with websites that inform about current and future weather conditions. …
Original Source:
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11 July, 2008| massmedia |
Comments (0) @ 20:45
- U.S. seizes IndyMac as financial troubles spread
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WASHINGTON (Reuters) - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 20:20
- U.S. mortgage lenders say they have plenty of capital
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WASHINGTON (Reuters) - U.S. companies Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country’s two largest mortgage finance companies.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 19:10
- Regulator to run IndyMac while buyer sought
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WASHINGTON (Reuters) - Mortgage lender IndyMac Bancorp Inc was taken over by the Federal Deposit Insurance Corp on Friday, which will run the bank while it looks for a buyer.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 16:55
- U.S. mortgage lender Indymac taken over by regulator
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WASHINGTON (Reuters) - U.S. mortgage lender IndyMac Bancorp Inc was taken over by the U.S. Federal Deposit Insurance Corp on Friday, which will run the bank while it looks for a buyer.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 16:54
- Fannie and Freddie say they have plenty of capital
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WASHINGTON (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country’s two largest mortgage finance companies.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 15:31
- FTSE ends week in bear market
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London’s index of key shares, the FTSE 100, ends in “bear market” territory after another tough day for stocks in Europe and the US….
Original Source: news.bbc.co.uk
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11 July, 2008| massmedia |
Comments (0) @ 13:56
- FTSE 100 ends week in bear market
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London’s index of key shares, the FTSE 100, ends in “bear market” territory after another tough day for stocks in Europe and the US….
Original Source: news.bbc.co.uk
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11 July, 2008| massmedia |
Comments (0) @ 13:56
- Friday’s Wild Ride
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Fannie and Freddie drama drive Wall Street….
Original Source: www.forbes.com
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11 July, 2008| massmedia |
Comments (0) @ 13:54
- After A Head Fake, Stocks Slide
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Talk of Fed aid to GSE’s provides transient support, then the decline resumes….
Original Source: www.forbes.com
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11 July, 2008| massmedia |
Comments (0) @ 13:00
- Oil pulls back from record above $147
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NEW YORK (Reuters) - Oil prices jumped $5 to a record high above $147 a barrel on Friday amid growing worries of threats to supplies from Iran and Nigeria and a strike by Brazilian oil workers next week.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 11:55
- Women not saving enough
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Read full story for latest details.
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Original Source: rss.cnn.com
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11 July, 2008| massmedia |
Comments (0) @ 11:39
- Cash Needed: Where Will Fannie, Freddie Find Capital?
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Asset sales and dividend cuts work for banks. The government-sponsored housing agencies have to look elsewhere for cash….
Original Source: www.forbes.com
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11 July, 2008| massmedia |
Comments (0) @ 11:30
- TNK-BP problems won’t be fixed soon
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LIMASSOL, Cyprus (Reuters) - Oil major BP and its four billionaire partners in Russian joint venture TNK-BP appear no closer to resolving a conflict over management after a board meeting in Cyprus on Friday, sources told Reuters.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 11:03
- InBev and Anheuser seen holding deal talks
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NEW YORK/PHILADELPHIA (Reuters) - Anheuser-Busch has finally begun negotiations for a friendly merger with InBev , a source familiar with the situation said on Friday, sending shares of both brewers up more than 7 percent.
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Original Source: feeds.reuters.com
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11 July, 2008| massmedia |
Comments (0) @ 10:44