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Wall Street pulls back as financials fall. Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Fannie, Freddie fall on renewed bailout fears. Shares of mortgage finance giants Fannie Mae and Freddie Mac tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled companies. State A.G.: Overhaul PHEAA board. Pennsylvania's auditor general on Tuesday advocated slashing the number of legislators on the board that oversees the state's student-loan agency. Clueless about trading? Start networking online. Erin O'Brien and her friends are do-it-yourself investors. As part of an online community at the brokerage Zecco, they consult each other on terminology, tax law and investment philosophy. Analyst Actions: Goldman on Tech. An In-Depth Look - According to Goldman Sachs, Technology Options are "Attractive". Labor Dept: Fewer workers killed on job in 2007. The number of workers killed on the job annually dropped to a historic low in 2007, the Bureau of Labor Statistics announced.. Hyundai plans to sell gasoline-electric hybrid in U.S. Hyundai Motor says it will bring a gasoline-electric hybrid version of its Sonata sedan to the U.S. Mortgage demand drops despite falling rates. Mortgage applications fell last week despite a drop in interest rates, the Mortgage Bankers Association said Wednesday. USDA: Food prices to post biggest rise this year since 1990. Consumers should brace for the biggest increase in food prices in nearly 20 years in 2008 and even more pain next year due to.. Chinese sponsors ignore politics. North Korea? Check. Iraq? Check. Iran? Apparently not, but Olympic teams of two of the three charter members of President Bush's.. For investing, PCs are hands-down winners vs. Macs. Q: What's a better computer for online investing, a PC or a Mac?. Photosynth uses lots of photos to put you at the center of a 3D scene. First there was the snapshot, and then came video. Now comes Microsoft Photosynth, kind of something in between. Financial Stocks: Insurers Ambac and MBIA pace financial gainers. Bond insurers Ambac Financial Group and MBIA Inc. again landed at the top of the financial heap Friday on news of further auction-rate securities settlements and an early-morning bolstering of their bond.. Of Mutual Interest: Easing inflation could revive bonds. Investors who rushed to the relative safety of bond funds when the stock market began to stagger last year might have felt they had outrun the troubles in equities -- only to face the new threat of inflation.. Australian stocks: Mixed day ends flat. The Australian share market closed flat as a rally in banks and property trusts, triggered by a positive US lead, offset falls in mining and energy stocks. Chinese shares slump to 20-month low. Chinese shares slumped to a 20-month low today, with airlines, oil companies and other stocks dropping sharply amid anxiety about the wider economic outlook, reports The Guardian. Fannie, Freddie stocks fall amid bailout fears. WASHINGTON - Whether the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case.. Wall Street Turbulence. Aug 19 - Weak economic reports and worries about Lehman Brothers sink stocks. The Dow lost 130.84 to 11,348.55. The S&P fell 11.91 to 1266.69. Nasdaq slid 32.62 to 2384.86. Click Fay bears down on Florida.. Cuomo to file suit against Merrill. New York Attorney General Andrew Cuomo said Friday he sent a letter to Merrill Lynch & Co. Provo considers restrictions on payday loan stores. City officials in Provo are considering clamping down on payday lending stores. City councilwoman Cindy Richards said she's seen a rapid growth of fash-cash loan operations in her district, some within blocks.. |
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