Bad Days for Newsrooms—and Democracy The decline of newspapers is not about the replacement of the antiquated technology of news print with the lightning speed of the Internet.
dailey Video US Economy William Belchere, Asian Economist at Macquarie Securities. the U-S government has taken steps to support ailing mortgage agencies Fannie Mae and Freddie Mac because of growing concerns about their solvency. Lets look at the implications
SAN FRANCISCO (Reuters) - Yahoo Inc on Tuesday posted a nearly
19 percent fall in net profit, and net revenue short of lowered
Wall Street expectations, as it faced a weakening economy and
the distraction of Microsoft Corp's pursuit. Full Article
NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S.
savings and loan, on Tuesday posted a $3.33 billion second-quarter
loss, boosting its reserve for loan losses as the number of
soured mortgages soared. Full Article
WASHINGTON (Reuters) - A Bush administration plan to support
Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion,
congressional analysts said on Tuesday in a report that fueled
debate as Congress took steps to approve a housing market rescue
package. Full Article
NEW YORK (Reuters) - Stocks ended sharply higher on Tuesday as
oil prices slid over $3 a barrel, taking the edge off a raft
of disappointing earnings from American Express and others
as well as a weak outlook from iPod maker Apple . Full Article
NEW YORK (Reuters) - Wachovia Corp led several large U.S. banks
in posting weak second-quarter results on Tuesday, as soaring
losses from mortgages and other debt led to large write-downs. Full Article
WASHINGTON (Reuters) - The financial market impact of Federal
Reserve Chairman Ben Bernanke's remarks has soared since the
start of 2007 as he telegraphed crucial shifts in monetary policy,
a report on Tuesday showed. Full Article
NEW YORK (Reuters) - SemGroup LP declared bankruptcy on Tuesday
after $3.2 billion in oil-trading losses torpedoed what had
been the 12th-largest private U.S. company. Full Article
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