NEW YORK, Aug. 11, 2008 (Reuters) — Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending. ... > full story
ZURICH, Aug. 10, 2008 (Reuters) — UBS is to elect Swiss Life Chairman Bruno Gehrig to the board of directors of the Swiss bank, Swiss media reported on Sunday. ... > full story
WASHINGTON, Aug. 10, 2008 (Reuters) — U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office. ... > full story
LONDON, Aug. 10, 2008 (Reuters) — Virgin Atlantic owner Sir Richard Branson on Sunday wrote to U.S. presidential candidates Barack Obama and John McCain warning that a link-up between British Airways and American Airlines would be anti-competitive. ... > full story
TEHRAN, Aug. 10, 2008 (Reuters) — Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian President Abdelaziz Bouteflika to Tehran, Iran's ambassador to Algeria said in remarks published on Sunday. ... > full story
FRANKFURT, Aug. 9, 2008 (Reuters) — Continental is considering buying a peer company as part of its defense against a hostile 11.3 billion euro ($17 billion) bid from Schaeffler Group, the Financial Times reported on Saturday. ... > full story
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Greenspan & PIMCO: A Gross Conflict of Interest Aug. 10, 2008 (SeekingAlpha) — Former Federal Reserve chairman Alan Greenspan was on CNBC last week, ranting about Fannie Mae (FNM) and Freddie Mac (FRE):. . I think the solution ...
Fannie Mae portfolio rose at fastest rate since '03 Aug. 10, 2008 (Boston Globe) — Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Wednesday said it grew its investment portfolio in June at the ...
Mortgage giants post big losses for quarter, will cut dividends Aug. 10, 2008 (Ventura County Star) — Fannie Mae and Freddie Mac reported second-quarter losses that mean a significant hit to the mortgage companies and could have a lasting effect on ...
Greater than expected losses at Freddie Mac Aug. 9, 2008 (Orlando Business Journal) — Troubles continued for embattled mortgage giant Freddie Mac during the second quarter.. . The company (NYSE: FRE) posted a net loss of $821 ...
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