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Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
U.S. seizes Fannie and Freddie
8 Sep 2008 at 7:10am
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac launching what could be its biggest bailout ever to support the U.S. housing market and ward off more global financial market turbulence.
Altria to buy UST for $10.3 billion: WSJ
8 Sep 2008 at 6:41am
(Reuters) - Cigarette maker Altria Group Inc has agreed to buy Skoal and Copenhagen smokeless tobacco maker UST Inc for about $10.3 billion in cash, the Wall Street Journal said, citing people familiar with the matter.
Lehman announces senior management changes
8 Sep 2008 at 12:49am
NEW YORK (Reuters) - Lehman Brothers Holdings Inc said on Sunday it has named Eric Felder and Hyung Soon Lee as global co-heads of fixed income, following the departure of current global head Andrew Morton.
Boeing strike threatens global aero industry
8 Sep 2008 at 6:39am
EVERETT, Washington/NEW YORK (Reuters) - Boeing Co's 27,000 machinists prepared for a third day of strike action, halting production at the plane maker's Seattle-area plants in protest at Boeing's contract offer and what they see as plans to shift more jobs to non-union and foreign companies.
China frets at U.S. risk after Fannie/Freddie bailout
8 Sep 2008 at 7:08am
BEIJING (Reuters) - The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.
U.S. hedge fund Fairfield, Swiss private bank merge
8 Sep 2008 at 5:37am
NEW YORK (Reuters) - U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion.
U.S. talks with Fannie, Freddie turned sour: sources
8 Sep 2008 at 7:11am
WASHINGTON (Reuters) - Amicable talks between Fannie Mae and Freddie Mac and the U.S. mortgage finance companies' regulator about an aid package ended abruptly as policy-makers resolved in recent days to seize the firms, industry sources with knowledge of the events said.
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