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By Tami Luhby, senior writerFebruary 26, 2010: 6:35 PM ET NEW YORK (CNNMoney.com) — Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government. Fannie Mae (FNM, Fortune 500), which is controlled by the government, ...
On Thursday, in a rambling address in Benghazi, Libya, before a gathering to mark the birthday of the Prophet Muhammad, Colonel Qaddafi called for jihad, or a holy war, against Switzerland because of its ban on new minarets for mosques and urged Muslims to boycott Swiss products and ban Swiss ...
Who wouldn’t love to pick up the phone and ask Warren Buffett for advice? People have spent more than $1 million just to have lunch with the man. He was voted the most admired corporate director in America by Directorship magazine in 2008. Chief executives of companies he has a ...
WASHINGTON – Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. The rescue of Fannie Mae and sister company Freddie Mac is turning out to be one of the ...
Beyond the focus on numbers and forecasts in the earnings reporting season, the U.S. retail industry has also been focused on the business of retailing, which, by necessity, includes strategies that are both green and healthy. Consumers are expecting a greater commitment to green and healthy practices from major retail ...
Beyond the focus on numbers and forecasts in the earnings reporting season, the U.S. retail industry has also been focused on the business of retailing, which, by necessity, includes strategies that are both green and healthy. Consumers are expecting a greater commitment to green and healthy practices from major retail ...
Pakistan’s central bank said country’s foreign exchange reserves have increased to $14.37 billion in the week ended February 20, 2010 as compared to $14.32 billion in the previous week. In a statement, the State Bank of Pakistan said, Reserves held by it stood at $10.52 billion, up from $10.50 billion ...
In response to our post earlier today, “An Ode to the Overdraft Fee,” a Bucks reader named Lee Elliott wrote in (with impressive speed we might add) with the following retort: The public has general economy fears,And scapegoats a service that’s been ’round for years.They complain about what is truly ...
ANZ has closed the gap on its major rivals and extended the industry’s bumper earnings harvest with a 16 per cent surge in profit to $1.6 billion in the first four months of its financial year. The Melbourne-based bank is now on track to reach a six-month result of $2.41bn, ...
The National Association of Realtors says sales of previously occupied homes fell 7.2 percent in January. It marks the second straight month of a big drop. Analysts had predicted a gain. The Realtors’ report comes two days after the Commerce Department said that new home sales fell last month. The ...
By Carla Fried, Money Magazine contributing writerFebruary 26, 2010: 4:25 AM ET (Money Magazine) — A year ago, when all sorts of investments — stocks, bonds, commodities — were being tossed on the scrap heap, dyed-in-the-wool bargain hunters who had the courage to sift through the market’s ruins were richly ...
By David Goldman, staff writerFebruary 26, 2010: 3:54 AM ET NEW YORK (CNNMoney.com) — After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning. The company has previously said it expected to ...