Yahoo! News: Business
Updated : Wed, 20 Aug 2008 20:11:59 GMT
Regulator to help IndyMac mortgage borrowers (Reuters)
Reuters - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.
Publ.Date: Wed, 20 Aug 2008 19:38:13 GMT
Source: Yahoo.com
China shares surge 5.89 pct by midday (AFP)
AFP - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
Publ.Date: Wed, 20 Aug 2008 04:02:34 GMT
Source: Yahoo.com
Fannie, Freddie shares dive on bailout fears (Reuters)
Reuters - Investors dumped shares of Fannie Mae and Freddie Mac , driving them to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out the stock value of the two U.S. housing finance giants.
Publ.Date: Wed, 20 Aug 2008 19:13:28 GMT
Source: Yahoo.com
Lehman couldn't secure Korean Funds: report (Reuters)
Reuters - Lehman Brothers Chief Executive Dick Fuld nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions but the pact disintegrated, the New York Post said citing sources familiar with the matter.
Publ.Date: Wed, 20 Aug 2008 09:54:18 GMT
Source: Yahoo.com
BJ's Wholesale profit up; stock falls on forecast (Reuters)
Reuters - BJ's Wholesale Club Inc reported higher-than-expected quarterly earnings, but its shares fell nearly 7 percent as the retailer gave a disappointing forecast, signaling business could be tough in the fourth quarter that includes the crucial holiday season.
Publ.Date: Wed, 20 Aug 2008 16:12:11 GMT
Source: Yahoo.com
Wall St rises as energy, HP offset Fannie, Freddie (Reuters)
Reuters - U.S. stocks closed higher on Wednesday after Hewlett-Packard posted reassuring results and energy shares rebounded with oil, even as investors dumped Fannie Mae and Freddie Mac shares on fears of an imminent government bailout of the home financers.
Publ.Date: Wed, 20 Aug 2008 20:11:59 GMT
Source: Yahoo.com
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