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Fed Buys $5 Billion of Fannie, Freddie, FHLB Debt

The Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mort[...] read more »
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Published reports: Miami Herald for sale

The Miami Herald may be sold off by parent McClatchy Co., according to numerous published reports. The New York Times first reported the Sacramento, [...] read more »
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Can't Put a Price on History

Cody Matthews isn't a wealthy man, but he figures that witnessing the inauguration of the nation's first African American president is a once-in-a-[...] read more »
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After Layoffs, Workers Stay at a Factory in Protest

Scores of workers laid off from a factory here that makes windows and doors have refused to leave, deciding to stage a “peaceful occupation” of the p[...] read more »
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Return to $1 gas? Energy prices evaporate

Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so [...] read more »
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Asian Currencies: Taiwan Dollar, Yuan Drop on Slowdown, Stocks

Asian currencies fell this week, led by Taiwan’s dollar and the Chinese yuan, after reports showed exports in the region slumped because of recession[...] read more »
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Some See a Buying Opportunity in Bank Shares

BANKS have certainly fallen on hard times, but perhaps not quite as hard as a lot of people think. The latest report from the Federal Deposit Insuran[...] read more »
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U.S. Sees China Intent On Yuan Gaining Value

Treasury Secretary Henry M. Paulson Jr. said Friday that China remains committed to market reforms and to allowing its currency, the yuan, to appreci[...] read more »
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Steep Job Cutbacks Add To Bleak Economic Picture

Need more proof that the recession is real? An onslaught of grim unemployment and layoff reports yesterday should dispel any lingering doubts. read more »
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Yuan's Ebb Prompts U.S. Anxiety

China's need to cushion exporters as its manufacturing belt suffers will for the time being outweigh U.S. pressure on Beijing to let currency apprec[...] read more »
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Washington’s New Tack: Helping Homeowners

After pouring vast amounts of money into financial institutions of almost every type, and having little to show for it, the Bush administration and t[...] read more »
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HSBC Gains 250 Million Pounds From Metrovacesa Deal

HSBC Holdings Plc, Europe’s biggest bank, said it will post a 250 million-pound ($368 million) gain by resuming ownership of its headquarters in Lond[...] read more »
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Carmakers, senators discuss aid conditions

Key senators told Detroit automakers today they were willing to consider granting a portion of the $34 billion they were seeking for survival in retu[...] read more »
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EdF takes on Buffett with new Constellation bid

Electricite de France SA said Wednesday it will challenge famed investor Warren Buffett's planned takeover of U.S. wholesale power generator Constel[...] read more »
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GE sees fourth-quarter profit at low end of range

General Electric Co. shares rallied almost 14% Tuesday as the conglomerate vowed to hit the low end of its earnings range for the fourth quarter, mai[...] read more »
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