SubscribeAll Posts Tagged With: "Freddie Mac (FRE)"
Market Updates: Human Genome Sciences (HGSI), Time Warner (TWX), Fannie Mae (FNM), Freddie Mac (FRE)
TARP May Cost Taxpayers $23.7 Trillion; Economists: Recession Not Over Yet; GM Gets 3 Bids for Opel; Defaults on Commercial Real Estate Hit 20-year High; Drug Company’s Stock Rises 276.81% After Successful Test; Porsche/Volkswagen Deal On Hold For Now; LEI Rises Again; AOL CEO to Revamp Advertising, Develop Community Sites
- The special inspector general for the Treasury’s Troubled Asset Relief Program (TARP) said U.S. taxpayers could be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, Bloomberg News reported. In testimony prepared for a hearing before the House Committee on Oversight and Government Reform,…
Market Update: General Electric (GE), Apple (AAPL), Yahoo (YHOO), Freddie Mac (FRE), Palm (PALM)
Survey: Americans Still View Manufacturing as Backbone of Economy; Mortgage Rates Highest Since November; Initial Jobless Claims Drop; Highest Treasury Yields in Two Years Draws Investors; Palm CEO Swap Sends Stock Soaring; Yahoo Hires New CFO
- An index released yesterday indicates that Americans continue to view manufacturing as the most important industry for a strong national economy, even though not many consider it their number one career choice. The survey, conducted by Deloitte & Touche LLP and The Manufacturing Institute, shows that 71% of respondents view manufacturing as a national priority, and 81% say it has a significant impact on their standard…
Market Update: Bank of America (BAC), Freddie Mac (FRE), Intel (INTC), Sony (SNE), Boeing (BA), Rio Tinto (RTP), Goldman Sachs Group (GS)
Countrywide’s Mozilo Charged with Fraud; Mortgage Rates Hit 6-Month High; Intel Gets Foothold in Wireless; UAL Looking to Jettison 747; Rio May Sell $15 Billion in Stock After Chincalco Deal Fails; Oil Prices Jump 5%; Allison: Banks Need $100 Billion Cushion; Retail Sales Plunge
- The Securities and Exchange Commission yesterday (Thursday) filed fraud charges against former Countrywide Chief Executive Officer Angelo Mozilo. The charges may involve Mozilo’s sale of shares of giant mortgage lender Countrywide, which last year was sold to Bank of America Corp. (NYSE: BAC) CNNMoney reported. "We do not believe there is any fair basis for allegations to be…
Market Update: Apple (AAPL), Freddie Mac (FRE) and Fannie Mae (FNM)
IMF Cuts Global Outlook; Brazil Hedge Fund Sells Banks, Homebuilders; February Home Prices Up 0.7%; Home Prices in Dubai Could Fall 70%; Apple Tops Forecasts; Feds Search Siemens’ Offices; Freddie Mac CFO Found Dead; E-Bay Beats Street
- In its latest global outlook, the International Monetary Fund (IMF) slashed the growth forecast for every major country and urged more recovery actions. The IMF said the global economy will likely contract 1.3% this year and post a 1.9% gain next year, Reuters reported.
- Mercatto Estrategia FI, a Brazilian hedge fund that is beating 97% of its peers, is selling assets of the country’s…
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