SINGAPORE, Aug. 22, 2008 (Reuters) — Oil prices held near $121 a barrel on Friday, a day after their biggest gain in 3 months, after a renewed slump in the U.S. dollar and mounting tension between the United States and Russia rekindled investor appetite. ... > full story
NEW YORK, Aug. 21, 2008 (Reuters) — Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated. ... > full story
JACKSON HOLE, Wyoming, Aug. 21, 2008 (Reuters) — Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch. ... > full story
NEW YORK, Aug. 21, 2008 (Reuters) — The Dow and S&P 500 rose on Thursday as surging oil prices drove up energy shares, though fresh fears of more credit losses on Wall Street kept gains modest and pushed the Nasdaq into negative territory. ... > full story
BANGALORE, Aug. 21, 2008 (Reuters) — Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. ... > full story
WASHINGTON, Aug. 20, 2008 (Reuters) — Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators. ... > full story
LONDON, Aug. 20, 2008 (Reuters) — World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares. ... > full story
SINGAPORE, Aug. 19, 2008 (Reuters) — The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. ... > full story
ASPEN, Colo., Aug. 19, 2008 (Reuters) — The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed. ... > full story
WASHINGTON, Aug. 19, 2008 (Reuters) — The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week. ... > full story
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Last Call: Discover Financial Services shares rise Aug. 21, 2008 (Businessweek) — Shares of Discover Financial Services rose Thursday, despite rising oil prices and concerns over the financial sector.. . Shares jumped 74 cents ...
Selling investors short July 24, 2008 (Pensions & Investments) — The Securities and Exchange Commission order, issued July 15, temporarily banning so-called naked short-selling in the stocks of Fannie Mae ...
The Meltdown Lowdown July 24, 2008 (American Prospect) — This week in economic news: McCain's offshore drilling plan is designed to support his campaign, not lower gas prices, and bailing out Fannie and ...
Freddie the Filer July 22, 2008 (CFO) — Freddie Mac and EDGAR became fast friends on Friday, when the mortgage lender voluntarily registered its common stock with the Securities and ...
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