Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
WASHINGTON/NEW YORK (Reuters) - Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, and the Wall Street Journal said the mortgage finance company may seek $10 billion.
NEW YORK (Reuters) - The government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month related to the collapse of two hedge funds they oversaw, a federal prosecutor said on Friday.
LONDON (Reuters) - Citigroup chairman Win Bischoff has warned that house prices in Britain and the United States are likely to keep falling for another two years.
NEW YORK (Reuters) - Citigroup Inc posted a
smaller-than-expected quarterly loss, despite $11.7 billion of
write-downs and credit losses tied to deteriorating capital
markets and a slumping economy.
CHICAGO/NEW YORK (Reuters) - The first bids for the storied Chicago Cubs baseball team and related assets were submitted on Friday in an auction that could fetch more than $1 billion, according to a source close to the process.
NEW YORK (Reuters) - Technology stocks fell on Friday and drove the Nasdaq down 1 percent on disappointing earnings from Google and Microsoft, while Citigroup's smaller-than-expected loss pushed up the Dow and helped keep the broader market near the unchanged mark.
FARNBOROUGH (Reuters) - U.S. rocket maker Alliant Techsystems aims to expand in space systems, advanced weapons and electronics but is shunning big acquisitions after its bid for a Canadian defense business failed.
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. pension fund, posted a 2.4 percent loss in its June-ended fiscal year, fueled by a 10.7 percent decline in the value of its stock holdings, its top investment officer said on Friday.
LOS ANGELES (Reuters) - Motorola Inc has sued a former executive for allegedly violating a non-compete agreement and threatening to reveal its trade secrets by taking a job with Apple Inc's iPhone division, the cell phone maker said in a lawsuit.
CHICAGO (Reuters) - The Federal Reserve can not wait until
financial and housing markets stabilize before raising interest
rates, Minneapolis Fed President Gary Stern said in an
interview with Bloomberg on Friday.
07/18/2008 03:35 PM
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