Wachovia May Sell Businesses It Doesn't Consider Essential; Fifth Third Bancorp and National City Corp Exploring Sales of Respective Invesment Units; Prices for Fund Companies at Lowest Level in 6 Years; ...
Denial of parole for a jailed Russian oil tycoon and tension between Russia and the West over Moscow's military clash with Georgia are giving global investors increasing reasons to worry whether the country is ...
Treasury Secretary Henry Paulson 's response to the sinking fortunes of Fannie Mae and Freddie Mac might boil down to picking which investors get hurt and by how much.
Federal regulators say Merrill Lynch & Co. will buy back up to $7 billion in auction-rate securities over its role in selling the risky bonds to retail investors.
Japan decided Friday to end most of its punitive tariffs slapped on South Korea's Hynix Semiconductor Inc., following a similar U.S. decision and orders from the World Trade Organization.
Aug. 22 - U.S. Federal Reserve chairman Ben Bernanke said he was encouraged a stronger dollar and a drop in commodity prices would lighten the inflation burden.
Reuters Posted online: Friday , August 22, 2008 at 16:46 hrs Updated On: Friday , August 22, 2008 at 16:46 hrs Banks supporting a key cash call at Bradford & Bingley said on Friday they would buy the 72 per ...
Fannie Mae and Freddie Mac, the two largest mortgage finance companies, ``don't have any net worth,'' billionaire investor Warren Buffett said.
ANZ says there will be a 'full flow on' to its mortgage customers. ANZ is the second of the major banks to announce that there will be a "full flow on" to its borrowers if the Reserve Bank cuts official ...
Oil prices rebounded Thursday, causing a ripple effect across U.S. stock indexes, hurting oil-dependent stocks, such as airlines and automobiles.
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