Business News
WASHINGTON - The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
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WASHINGTON - Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles.
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TOKYO - 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.
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WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac _ despite their robust cadre of economists and mortgage experts _ failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.
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EVERETT, Wash. - Striking Boeing Co. production workers hunkered down Saturday for what could be along, bruising battle with costly repercussions for both sides.
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SURABAYA, Indonesia - With the dollar a day he earns scrounging for scrap metal and paper, Jumadi can't buy his family beef or even chicken. But until now, the rail-thin scavenger could at least afford soy.
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KUALA LUMPUR, Malaysia - AirAsia, the region's biggest budget carrier, is making a risky bet.
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TOKYO - Posing proudly for a snapshot with a glittery championship belt, Seigi Nishiyama is among some 600 other sports fans packing a Tokyo theater who can't get enough of World Wrestling Entertainment.
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WASHINGTON - Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.
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Nomura has funds exceeding more than $1.87 billion (200 billion yen) for investment or acquisition of U.S. and European financial institutions, and considering Lehman as "one of investment candidates," the Japanese newspaper Yomiuri said, quoting Nomura president Kenichi Watanabe as saying.
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