Job News From: Forbes

Forbes.com: Business News

Economic Growth Slowing In Latin America Despite improved fiscal management, the region struggles with rising inflation and deteriorating export markets. Hollywood's Most Overpaid Movie Stars Nicole Kidman trounces the competition in our second annual ranking. After The Bailout What now for Fannie, Freddie, shareholders, taxpayers and the mortgage market? CEO Sayonara At WaMu Ailing U.S. thrift believed to be set to announce departure of longtime chief Kerry Killinger. After The Bailout What now for Fannie, Freddie, shareholders, taxpayers and the mortgage market?

Job News From: Yahoo! Business

Yahoo! News: Business Mon, 08 Sep 2008 14:31:20 GMT

Fannie and Freddie shares dive, debt rallies (Reuters) Reuters - Fannie Mae's and Freddie Mac's stocks took a dive while their debt soared Monday, as investors bet the U.S. government's takeover of the mortgage finance firms would wipe out shareholders but fully guarantee their bonds. Wall Street surges on Fannie, Freddie plans (Reuters) Reuters - Stocks surged on Monday as investors bet that Washington's bailout of home finance companies Fannie Mae and Freddie Mac would help stabilize the housing market and the outlook for financials. Boeing strike impact to be felt globally (Reuters) Reuters - Aerospace groups prepared for global disruption from a potentially lengthy strike at Boeing Co , as one of the planemaker's biggest outside suppliers lost no time in cutting production and working hours. Altria to buy UST for $10.4 billion (Reuters) Reuters - Altria Group Inc has agreed to buy UST Inc , the largest U.S. smokeless tobacco maker, for $10.4 billion in a deal that will combine the Marlboro cigarette and Skoal moist snuff brands. Freddie, Fannie plan protects taxpayers: Paulson (Reuters) Reuters - Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers. Wall Street may cheer Fannie, Freddie bailout (AP) AP - Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide. British mortgage lender Nationwide snaps up struggling peers (AFP) AFP - Nationwide Building Society, the second biggest lender of home loans in Britain, said Monday it had agreed to buy two smaller peers struggling to cope with the global credit crunch. DSG sought bid from Media Markt, but rebuffed: report (Reuters) Reuters - Germany's Media Markt, Europe's biggest electrical goods retailer, has rejected a request from DSG International Plc to consider a bid for its closest rival, the Financial Times said on its Web site.

Job News From: NPR

NPR Topics: Business Mon, 08 Sep 2008 06:00:00 -0400

Fannie, Freddie And America's Role In Global EconomyChina is the largest purchaser of the debt of mortgage giants, Fannie Mae and Freddie Mac. Both the United States and China depend on the companies for economic survival. Fannie, Freddie News Boosts Asian MarketsThe bailout of Fannie Mae and Freddie Mac was good news for Asian markets — they surged the most in seven months. Analysts say the government takeover removed the uncertainty stalking the markets and renewed investor confidence. Berlusconi's Alitalia Rescue Plan Faces Hurdles In EUAlitalia is on the verge of liquidation in a few weeks. Now the only hope for Italy's flagship air carrier is a controversial rescue plan proposed by Prime Minister Silvio Berlusconi. But the plan would lay off thousands and could face obstacles in the European Union. Boeing Machinists Strike Over Pay, Health BenefitsBoeing's 27,000 union machinists are on strike. Talks between the aerospace company and the International Association of Machinists broke down over the weekend after the parties failed to come to an agreement on pay and health benefits. MSNBC Cuts Hosts' Election Coverage Amid CriticismCritics have been accusing the media of political bias throughout this election season. MSNBC and its popular talk show host, Keith Olbermann, have been frequent targets. Now the 24-hour news channel is pulling him and fellow talk show host Chris Matthews from some anchoring duties on newscasts. Treasury Department To Bolster Fannie, FreddieThe federal government Sunday took control of Fannie Mae and Freddie Mac in order to stabilize the housing market and end questions about the firms' finances. The Treasury Department is expected to provide billions of dollars to shore up the beleaguered mortgage giants. Paulson: Mortgage Takeover Key For EconomyThe federal takeover of Fannie Mae and Freddie Mac is aimed at preventing a "serious risk to the financial system," which is "critical to our overall economy," Treasury Secretary Henry Paulson tells NPR. Timing, Scope Of The Fannie-Freddie TakeoverThe Bush administration Sunday seized the two housing lenders that together own or guarantee about half the nation's home loans. David Wessel, economics editor of The Wall Street Journal, talks with Renee Montagne about the timing and scope of the federal government's takeover of Fannie Mae and Freddie Mac. Google Turns 10: A Look BackIt's not often that a product or service becomes so pervasive that people start using it as a verb. On the 10th anniversary of Google, a look back on its influence through the lens of popular culture. China Eyes Fannie Mae, Freddie Mac BailoutThe government takeover of Fannie Mae and Freddie Mac is making waves far off American shores. China is watching the events closely because some 10 percent of China's gross domestic product is invested with the troubled mortgage giants. NPR's Adam Davidson talks with host Jacki Lyden about China's stake in the U.S. mortgage industry. Paulson: Action on Fannie, Freddie Was NecessaryThe federal government today announced its plans for a takeover of the troubled mortgage finance companies Fannie Mae and Freddie Mac. While U.S. officials had hoped to avoid a bailout, the deterioration of the two companies could no longer be ignored. U.S. Takes Over Troubled Mortgage GiantsU.S. mortgage giants Fannie Mae and Freddie Mac will be put into conservatorship and their top executives will be removed, Treasury Secretary Henry Paulson said. The intervention comes after the companies lost billions in the housing market turmoil, with no sign things are getting better. Federal Mortgage Takeover Plan Prompts QuestionsThe U.S. Treasury Department has announced the government is taking over troubled mortgage giants Fannie Mae and Freddie Mac. As details of the plan emerge, the possible impact on the economy and individual borrowers remain in question. U.S. To Take Over Mortgage Giants Fannie, FreddieThe Treasury Department is poised to announce it will takeover Fannie Mae and Freddie Mac, which together back roughly half of all outstanding U.S. mortgages. The government intervention comes after the companies lost billions in the housing market turmoil, with no sign things are getting better. Effects Of The Fannie/Freddie TakeoverHost Liane Hansen speaks with Nariman Behravesh, Chief Economist at Global Insight. Behravesh says that without major action, chances of the housing crunch and credit crisis dragging on for another year are very high. But early action will probably save taxpayers in the long run, because the damage to the economy will be less.