WASHINGTON, Nov. 11, 2008 (Reuters) — The regulator for the two largest U.S. mortgage finance companies on Tuesday unveiled a plan that could cut payments for hundreds of thousands of struggling homeowners to help reverse a wave of defaults threatening to swamp the economy. ... > full story
LONDON, Nov. 11, 2008 (Reuters) — Mobile phone group Vodafone cut its full-year revenue outlook for the second time in four months on Tuesday but said it would maintain profits and boost free cash flow by cutting 1 billion pounds ($1.6 billion) of costs. ... > full story
ASTANA, Nov. 11, 2008 (Reuters) — The government of Kazakhstan and the nation's four largest banks have agreed terms for at least $3.47 billion in capital injections to counter the impact of the global credit crisis, the state-owned SamrukKazyna fund said on Tuesday. ... > full story
HONG KONG, Nov. 11, 2008 (Reuters) — Asian stock markets and oil prices retreated on Tuesday while the yen pushed higher as a souring economic outlook cooled investor hopes sparked by China's massive stimulus plan. ... > full story
Nov. 11, 2008 (Reuters) — A U.S. tax investigation into UBS AG is concentrating on senior and midlevel executives and bankers, and could result in one or more indictments, the New York Times said, citing people briefed on the matter. ... > full story
TOKYO, Nov. 10, 2008 (Reuters) — Goldman Sachs Group Inc has cut about 10 percent of its investment bankers in Tokyo, including one of Japan's top women bankers, as part of global efforts to cut its workforce, people familiar with the matter said. ... > full story
NEW YORK/WASHINGTON, Nov. 10, 2008 (Reuters) — American Express Co said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money. ... > full story
LOS ANGELES, Nov. 10, 2008 (Reuters) — Casino operator Las Vegas Sands Corp_, which warned last week it was in danger of violating loan agreements, said on Monday it would suspend construction in Macau as it copes with a lack of financing options. ... > full story
SAN FRANCISCO, Nov. 10, 2008 (Reuters) — Fashion company Liz Claiborne Inc posted lower adjusted quarterly profit on Monday that beat Wall Street estimates by two cents, and the company narrowed the range of its full-year earnings view. ... > full story
BOSTON, Nov. 10, 2008 (Reuters) — Harvard University is looking for ways to reduce spending, its president said on Monday, raising the prospect of cuts to programs and compensation at the world's richest university during the financial crisis. ... > full story
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Feds, mortgage industry announce new loan aid effort Nov. 11, 2008 (CBS 11 Houston (KHOU)) — The government and the mortgage industry are launching themost sweeping effort yet to help troubled homeowners..Also Online. Morebusiness ...
Afternoon Business Brief Nov. 11, 2008 (CBS 8 Des Moines (KCCI)) — Stocks have moved sharply lower today. Investors continue to worry about the extent of the economic downturn, with the Dow down more than 250 ...
Fannie Mae Gives A Boost (Somewhat) To Stocks Nov. 11, 2008 (CNBC) — Stocks rallied (though they are now off their highs), largely on the Fannie Mae announcement on mortgage forbearance. Though it was leaked a few ...
Market's Dilemma And What Obama Should Do Nov. 11, 2008 (CNBC) — Houston, we have a problem. Stocks cannot rally on good news. This is not a good sign for those who are over the global economic crisis and want to ...
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