Archive for the “Latest News” Category

Waiver gives fillip to stocks; Sensex up 461 points - Hindu Business Line


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U.S. government takes over Fannie Mae and Freddie Mac - International Herald Tribune
WASHINGTON : The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac , launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global

US Government seizes control of mortgage giants Fannie Mae and Freddie - Baltimore Sun
WASHINGTON (AP) _ The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary

As unemployment spikes, companies weigh options - Forbes
U.S. companies have cut more than 550,000 jobs so far in 2008 as they try to preserve their profits in a slumping economy, but analysts say such downsizing must be done carefully for corporations to have any long-term benefits. A continuum of

WRAPUP 1-U.S. government takes over Fannie Mae, Freddie Mac - Forbes
WASHINGTON, Sept 7 (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed U.S. housing market and economy. Officials were concerned mounting

McCain backs U.S. rescue of housing lenders: advisors - Reuters
ALBUQUERQUE, New Mexico (Reuters) - Republican White Home candidate John McCain supports a federal takeover of mortgage finance giants Fannie Mae and Freddie Mac but wants eventually privatization, his advisors said. “The long-term reforms are to

Automakers greet Congress with hands out - MSNBC
WASHINGTON - Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient automobiles. With Congress returning this coming week from its

Foodmakers plan large ad campaigns in down economy - CNBC
MILWAUKEE - Foodmakers may be worried about higher costs for key ingredients, pushing through price increases and still maintaining their profits. But for massive names like Sara Lee, Kraft and others, these slim times don’t mean doing away with their

Government takes over embattled Fannie, Freddie - Reuters
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed U.S. housing market and economy. Officials were concerned mounting losses at the

US government seizes control of mortgage giants - MSN MoneyCentral
Freddie Mac ( FRE ) Stock Quote , Chart , News , Add to Watchlist WASHINGTON (AP) - The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is

Officials announce takeover of mortgage giants - BusinessWeek
The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. Officials announced that the executives and board of

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Stocks Make a Modest Rebound To Close a Week of Huge Losses - Washington Post


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Chicago IT Firm Named National Minority Small Business of the Year … - MarketWatch


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An Essential Report on US Small Business Telecom Expenditures … - MarketWatch

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Economic fears send US stocks lower - News.com.au
US shares tumbled in opening trade today as a sober economic outlook kept the mood cautious despite a better-than-expected report on US labour productivity. The Dow Jones Industrial Average dropped 112.36 points (0.97 per cent) to 11,420.52 and the

Stocks tank — Dow ends day almost 350 down - MSNBC
NEW YORK - Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The

Japan’s Bonds Might Rise After Stocks Tumble on U.S. Jobs Report - Bloomberg
Sept. 5 (Bloomberg) — Japan’s government bonds may advance after rising U.S. jobless claims caused Japan’s Nikkei 225 Stock Average futures to tumble in Chicago. Ten-year yields are also likely to fall from the highest level in four weeks after the

Stocks’ Race To The Bottom - Forbes
With the much-anticipated August jobs report due to hit Friday morning, Wall Street provided a putrid opening act. Shaky sales results from major retailers and a harbinger of gloom from the labor market set stocks churning toward a pitiful finish

Stocks plummet after retail, unemployment data - San Diego Union-Tribune
NEW YORK – Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery. The

Stocks: A Terrible Thursday - BusinessWeek
Market players were probably wondering Thursday why they bothered to come back from their summer vacations. U.S. stocks suffered an all-out rout on Thursday as the market’s mood turned quite dark. Investors dumped stocks amid jitters about prolonged

Malaysian Stocks - Factors to watch - Forbes
– Malaysian stockbroking firm TA Enterprise plans to float its property division currently held by its wholly-owned subsidiary TA Properties Sdn Bhd, the company stated in a statement on Thursday. The company said a new company, TA Global

Semiconductors stocks hit hard by economic worries - CNBC
SAN FRANCISCO - Investors slammed semiconductor stocks Thursday amid fears that demand for computer chips is drying up as the economic malaise plaguing the U.S. is spreading to the rest of the world. The Philadelphia Semiconductor Index, which tracks

Stocks Plummet After Retail, Unemployment Data - ABC News
Wall Street dived sharply lower Thursday, sending the Dow Jones industrials down over 300 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors’ hopes for a late-year recovery

JGB futures jump nearly full point as stocks slide - Reuters
TOKYO, Sept 5 (Reuters) - Japanese government bond futures soared nearly a full point in early trade on Friday as worries about a deep global economic slowdown sent investors rushing into safe-haven debt and away from risky positions in stocks

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US Small & Mid-Sized Business Outsourcing & 3rd Celebration Services … - MarketWatch

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MICHAEL ROSENBERG Pudge's leaving: One for the money - Detroit Free Press

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ADP Offers Tips to Stretch the Dollar in Today's Economy - CNNMoney.com

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Small business workshop planned - Brattleboro Reformer

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