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submitted by Robby for team staff news 14 hours 46 minutes ago
David M. Moffett, who was appointed chief executive of Freddie Mac on Sunday, helped transform U.S. Bancorp from a small Ohio bank into the nation’s sixth biggest lender.
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submitted by Robby for team staff news 20 hours 46 minutes ago
Mortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices.
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submitted by Robby for team staff news 21 hours 46 minutes ago
PORTLAND, Maine (AP) -- When the 1,020-foot Explorer of the Seas cruises through North Atlantic waters next year, it'll spend more time off the coast of New England and less time near Canadian shores, and it's not because of better vistas....
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submitted by Robby for team staff news 13 hours 46 minutes ago
Deep in the bowels of San Francisco's Hall of Justice, Sgt. Wayne Hom plugs in a USB key to activate a new high-tech tool that has become the delight of cops, the bane of bad guys and a cloud over civil liberties - a device to...(more)
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submitted by Robby for team staff news 12 hours 46 minutes ago
The government's takeover of District-based Fannie Mae and Freddie Mac of McLean was for some employees the painful conclusion of several difficult years that seemed to reduce the status of two firms that once dominated the local business and philanthropic scene. The mortgage finance goliaths...(more)
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submitted by Robby for team staff news 18 hours 46 minutes ago
BAGHDAD (AP) -- Iraq's Cabinet approved an initial gas agreement Sunday between the Oil Ministry and Royal Dutch Shell PLC to invest in a joint venture to tap natural gas in southern Iraq, a government statement said....
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submitted by Robby for team staff news 46 minutes ago
Advertisers seem to be finding strength in numbers when it comes to Google. Individual companies have been hesitant to criticize the search giant’s partnership with Yahoo the Association of National Advertisers has come out against it, saying it "will likely diminish competition, increase concentration of market...(more)
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submitted by Robby for team staff news 46 minutes ago
In an exclusive BBC News interview, the chief executive of the Nationwide Building Society predicts house prices could fall by up to 25% from their peak.
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submitted by Robby for team staff news 1 hour 46 minutes ago
RICHMOND, Va. (AP) -- Altria Group says it will buy UST for nearly $10 billion in a deal that will give the maker of Marlboro cigarettes access to the smokeless tobacco market....
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submitted by Robby for team staff news 1 hour 46 minutes ago
NEW YORK (AP) -- Washington Mutual is ousting Chief Executive Kerry Killinger as the beleaguered savings and loan moves to overhaul its business, which has been ravaged by sour mortgage loans....
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submitted by Robby for team staff news 2 hours 46 minutes ago
Stock prices soared in the opening minutes today after a weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. The Dow Jones industrial average is up 343.03 to 11,563.99. The Nasdaq Composite has jumped 46.62 to 2,302.50. And...(more)
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submitted by Robby for team staff news 2 hours 46 minutes ago
Pension fund finances worsened in August, with the collective deficit of the UK's final salary pension schemes widening to £36.7bn.
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