kuar NewsRoom: Business

Government plan for Fannie, Freddie to hit shareholders

kuar — Sun, 07 Sep 2008 00:08:04 GMT

WASHINGTON (Reuters) - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday.

Boeing machinists walk off the job as talks fail

kuar — Sat, 06 Sep 2008 21:52:03 GMT

NEW YORK/EVERETT, Washington (Reuters) - Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.

Alitalia adviser to meet BA on rescue plan: report

kuar — Sat, 06 Sep 2008 15:52:04 GMT

CERNBOBBIO (Reuters) - Alitalia's adviser will soon present its rescue plan for the airline to British Airways , considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper.

Treasury plan won't help Fannie, Freddie shareholders: Frank

kuar — Sat, 06 Sep 2008 21:52:08 GMT

WASHINGTON (Reuters) - Fannie Mae and Freddie Mac shareholders, including preferred stockholders, will not fair well under a proposed U.S. Treasury takeover of the two housing finance companies, House Financial Services Committee Chairman Barney Frank told Reuters on Saturday.

DSG sought bid from Media Markt, but rebuffed: report

kuar — Sat, 06 Sep 2008 09:52:04 GMT

LONDON (Reuters) - Germany's Media Markt, Europe's biggest electrical goods retailer, has rejected a request from DSG International Plc to consider a bid for its closest rival, the Financial Times said on its Web site.

Fannie, Freddie's boards meet Saturday to mull government plan

kuar — Sat, 06 Sep 2008 18:52:08 GMT

WASHINGTON (Reuters) - The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said.

Treasury to ensure stable Fannie, Freddie: Barney Frank

kuar — Sat, 06 Sep 2008 18:52:04 GMT

WASHINGTON (Reuters) - U.S. House Financial Services Committee Chairman Barney Frank said on Saturday that the U.S. Treasury Department plans to ensure the stability of mortgage finance giants Fannie Mae and Freddie Mac

Boeing machinists strike

kuar — Sat, 06 Sep 2008 11:30:04 GMT

NEW YORK/EVERETT, Washington (Reuters) - Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer after two days of emergency talks.