Business and Finance News
- U.S. government to take over Fannie Mae, Freddie Mac
Toronto News.Net
Amid a continuing housing crisis in the United States, the Bush administration is taking over two failing mortgage firms in an effort to limit further turmoil in the sector.
- Nuclear group lets India in
Toronto News.Net
The 45 members of the Nuclear Suppliers Group have approved a US proposal to lift a ban on nuclear trade with India.
- Asian budget carrier gambles on new routes
Toronto News.Net
One of Asia’s largest budget carriers, AirAsia, has decided to increase flights and add new routes.
- Nokia shares in predicted plunge
Toronto News.Net
Nokia has lowered its predicted market share for the third quarter.
- Ford Motors Chicago plant set for job cuts
Toronto News.Net
As Ford Motor Co. cuts costs at its Chicago assembly plant, at least 600 part-time workers will be laid off.
- Baggage is the new airline cash cow
Toronto News.Net
Continental Airlines in the US is now charging for checking a single bag.
- Freddie and Fannie failed to get the message
Toronto News.Net
It has been suggested that mortgage giants Fannie Mae and Freddie Mac failed to heed warnings about the worst housing bubble in US history.
- Boeing to lose big money due to strike
Toronto News.Net
Aerospace company Boeing is likely to experience further delays on its 787 Dreamliner program.
- US government will not change job stimulus policy
Toronto News.Net
The United States government has said it does not see a need for new measures to stimulate the US economy, despite a sharp rise in unemployment.
- Britain overrun by Stasi-like children
Toronto News.Net
Britons are becoming outraged at the way councils are using powers originally designed to combat terrorism and organised crime to spy on residents.
- Macau hotels under health check
Toronto News.Net
Top hotels in the casino resort of Macau have been inadvertently serving their customers tainted oysters.
- Government bailout of Fannie Mae and Freddie Mac should help some borrowers, not most troubled
Star Tribune
The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as...
- Wall Street may cheer if Fannie, Freddie bailout reduces market volatility
Star Tribune
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...
- Wall St. wobbles as economic landscape shifts
CNN Money
The stock market has lurched back near its July lows _ but Wall Street's concerns are a bit different now than they were then.In July, investors were vexed about...
- Foodmakers still have appetite for advertising
MSNBC
Foodmakers may be worried about higher costs for key ingredients, pushing through price increases and still maintaining their profits. But for big names like Sara Lee, Kraft and others...
- S&P, Fitch slash Fannie, Freddie preferreds to junk
Reuters
Standard & Poor's and Fitch Ratings on Sunday cut the ratings on preferred stock of troubled housing finance companies Fannie Mae...
- Futures soar after U.S. takes over GSEs
Reuters
Stock index futures surged on Sunday, pointing to a sharply higher open when Wall Street opens on Monday, after the U.S. government seized control of troubled mortgage finance...
- UAE stock markets reel from Dh29b loss
Gulf News
UAE indices went tumbling on Sunday, as bearish sentiment and selling pressure from foreign funds continued. Weak regional and global markets also played their part. The Dubai Financial Market...
- Advertiser group objects to Google-Yahoo tie up
Reuters
The Association of National Advertisers sent a letter objecting to the proposed Internet search advertising partnership between Yahoo Inc and Google Inc to government...
- Ten Things I Learned From Spore
Wired News
SimEverything .) Can anything actually live up to that standard? If is our test case, then the answer has to be no: For all the work that went into this intricate and complex simulation of life...
- The new China price
Star Tribune
John Huot is starting to like high oil prices. Earlier this year, the president of St. Paul-based Huot Manufacturing won back a key U.S. customer who abandoned him three years ago for cheaper tool...
- Microsoft Works to Perfect Windows Vista
Gadsden Times
An advertising blitz intended to help Microsoft polish the tarnished brand of its Windows Vista operating system began this week with a head-scratcher of a commercial.
- How next-gen iPods will look like
Times Of India
The web world is buzzing with rumours that Apple Inc is all set to unveil new iPod music players this week. Apple is hosting a special event titled "Let's Rock," on the media invitees...
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