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US Government takes over mortgage giants
The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets...
NEWSWEEK International Editions: Highlights and Exclusives, September 15, 2008 Issue
NEW YORK, Sept. 7 /PRNewswire/ -- COVER: The Biggest Experiment Ever. (Atlantic and Latin America editions) Senior Editor Fred Guterl, London Reporter William Underhill...
Foodmakers plan big ad campaigns in down economy
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,...
Taiwan leaders seek to ease economic concerns
Taiwanese leaders sought to ease mounting complaints about the island's slowing economy on Sunday, the latest in a string of public apologies and promises to prop up consumer demand and...
Libya says OPEC quotas should be respected
Libya's OPEC representative said Sunday that members of the oil producer cartel should respect their quotas, adding that the oil market was oversupplied. Speaking to AFP, the
Operator says Dubai oil rig remains shuttered
The operator of the oil rig involved in last week's deadly helicopter accident off the Dubai coast said production remained halted on the platform Sunday. The rig serves the Rashid oil...
Iraqi Cabinet approves initial gas deal with Shell
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...
Long-term plan aids marketing of Michael Phelps
Phelps' marketing success this summer grows from a strategy his agent, Peter Carlisle of marketing powerhouse Octagon, has mapped out carefully over the six years of their partnership....
OPEC considers cutting oil production
With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago _ cutting back output to prop up
WWE wrestles for share of Japanese market
Posing for a snapshot with a glittery championship belt in a packed theater, Seigi Nishiyama was among some 600 fans who can't get enough of World Wrestling Entertainment. "The stories...
British unions press for tax cuts amid downturn
British trade unions called Sunday for tax cuts for lower-income workers, and tax hikes for the rich, as Prime Minister Gordon Brown's goverment grapples with a sharp economic downturn.
Battered stocks face another tough week
NEW YORK (Reuters) - The bears have been in firm control on Wall Street so far in September, and with anxiety about the health of the United States and world economies on the rise, they...
Dollar resurgence and emerging decline
LONDON (Reuters) - Investors are likely to be wrestling this week with two new factors that have arisen to complicate an already tricky environment -- a sharp about-face in currency trading
Officials announce takeover of mortgage giants
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...
federal gov't announce takeover of mortgage giants
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...
Biden: Protect taxpayers in mortgage rescue
Joe Biden says the government's rescue of the big mortgage companies Freddie Mac and Fannie Mae should not mean bailing out shareholders at the expense of taxpayers. The Democratic...
Harry & David Offers Early Holiday Gift to Customers
COMPANY ANNOUNCES NEW DRAMATICALLY LOWER DELIVERY CHARGES ON MOST ITEMS MEDFORD, Ore., Sept. 7 /PRNewswire/ -- Harry & David, the country's largest and...
Aon Re Global: Reinsurers Strong Amid Credit Crisis
Jan. 1 renewals likely to reflect slowing rate of decrease in reinsurance pricing provided no significant catastrophe losses MONTE CARLO, Monaco, Sept. 7...
Iran wants OPEC output cut to target quotas
Iran said on Sunday that OPEC members should cut output to the agreed target quotas in the face of falling oil prices, two days before the cartel meets in Vienna, state-run IRNA news agency
Iran's inflation tops 27%
Iran's inflation hit 27.6 percent in the calendar month of Mordad that ended August 21, the central bank said Sunday, as Iranians were again battered by rising prices of basic foodstuffs...
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Bhutto Widower Wins Presidency
Asif Ali Zardari won the presidency of Pakistan, continuing the country's shift from military rule.
Ike Looms as Trouble for Gulf Coast
Hurricane Ike roared across the Turks and Caicos, rolling down an uncertain path that may lead to the Gulf Coast. The storm killed 10 people in Haiti.
Hong Kong Democrats Face Test
Hong Kong residents voted in legislative elections that threatened to set back the opposition camp and its push for greater democratic freedoms.
U.S. Outlines Fan-Fred Takeover
Government officials outlined their bailout for Fannie Mae and Freddie Mac, including a takeover of the firms by their regulator and a Treasury Department purchase of the firms' senior preferred stock...
Treasury to Outline Fan-Fred Plan
The Treasury is expected to announce at 11 a.m. details of a plan under which regulators will effectively take temporary control over Fannie Mae and Freddie Mac.
Canada's Parliament Is Dissolved
Canadian Prime Minister Stephen Harper has called an early election in the hopes that it will strengthen his minority government's hold on power.
Afghan Police Station Hit by Bombings
Two suicide bombers attacked the police headquarters in Kandahar, killing at least two police officers.
Rock Slide in Cairo Kills 31
Massive boulders crashed down on a shantytown on the outskirts of Cairo, killing at least 31 people.
Democrats Face Key Test in Hong Kong
Hong Kong residents voted in legislative elections that threatened to set back the opposition camp and its push for greater democratic freedoms.
Ike Roars Across Turks and Caicos
Hurricane Ike roared across the Turks and Caicos as a Category 4 storm, as people sought refuge in emergency shelters.
In Speech on Russia, Cheney Talks Tough
Dick Cheney issued blunt criticisms of Russia at a security conference, and called for Western unity in meeting its challenges.
Rock Slide in Cairo Kills 24
Massive boulders crashed down on a shantytown on the outskirts of Cairo, Egyptian authorities said.
Rice Meets With U.S. Allies in Africa
The U.S. secretary of state called for closer anti-terrorism coordination with the North African leaders.
Controversial Bhutto Widower Wins Pakistan's Presidency
Asif Ali Zardari won the presidency of Pakistan, continuing the country's shift from military rule.
In Speech on Russia, Cheney Talks Tough
The vice president issued blunt criticisms of Russia at a security conference, and called for Western unity in meeting its challenges.
Ike Strengthens, Raises Fears
Hurricane Ike grew to fierce Category 4 strength as it roared on an uncertain path that forced millions from the Caribbean to Florida, and Louisiana to Mexico, to nervously wonder where it would eventually...
McCain, Obama Split on Social Security
McCain and Obama offered very different visions for solving Social Security's financial problems in appearances before AARP. McCain said he is open to private accounts, while Obama remains deeply opposed...
Candidates Weigh Fan-Fred Deal
The historic takeover of Fannie Mae and Freddie Mac, which could come over the weekend, moved to the forefront of the presidential campaign as candidates and lawmakers seized on the enormous implications...
Frank Confirms GSE Intervention
Rep. Barney Frank confirmed that Treasury is planning government intervention to back Fannie Mae and Freddie Mac, but said he doesn't know the details.
McCain-Obama Set Joint 9-11 Visit
Sens. McCain and Obama will put aside partisan politics for a joint appearance at Ground Zero on Sept. 11.
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