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Fannie Mae, Freddie Mac To Delist NYSE Shares (Jun-16, 09:30 EDT )-- The action comes as Fannie Mae shares have fallen below the $1 average price level for 30 trading days, endangering its status on the exchange. Both government-sponsored mortgage purchasers will sell their shares through an over-the-counter service.
Negotiators in Congress to Discuss Rule for Brokers (Jun-16, 09:20 EDT )-- Senate and House negotiators will attempt to compromise on a fiduciary standard.
At Meeting, Obama Setting Terms for BP Claims Fund (Jun-16, 09:16 EDT )-- President Obama is meeting with top BP executives on Wednesday at the White House to demand that they set aside billions of dollars in an escrow account.
Opel to Go Ahead Without Government Aid (Jun-16, 09:12 EDT )-- The G.M. unit, unsuccessful so far in securing government aid, said it will finance a five-year new-product drive with help from the parent company.
Debating Dawn's Drop in the Bucket (Jun-16, 09:10 EDT )-- Procter & Gamble is calling attention to the use of Dawn, its dishwashing detergent, to clean oil-soaked birds in the gulf. While some see this as simply a marketing opportunity, others describe it as an important symbolic expression of concern about...
U.S. Housing Starts Declined 10% in May (Jun-16, 09:00 EDT )-- Wholesale prices also declined last month, but industrial production rose 1.2 percent.
Inside a Family Business: Maybe This Isn't the Best Place for Everyone (Jun-16, 08:58 EDT )-- People tend to do what they are good at doing and what they like doing. That does not necessarily mean they are doing what is best for the company.
Austerity Plans Advance in France and Spain (Jun-16, 08:57 EDT )-- French officials proposed raising the retirement age by two years and increasing income taxes on the rich, while Madrid is planning to shake up its labor market.
FedEx Reports Strong Quarterly Earnings (Jun-16, 08:56 EDT )-- The world's largest air delivery service says it made nearly $700 million in the last quarter, compared with a loss of more than $800 million in the same quarter last year. FedEx has a massive operation, so its earnings are seen as a reflection of the...
The Retirement Revenue Mirage (Jun-16, 08:53 EDT )-- The recent rebound of personal income tax collections may also be bad news for future generations, an economist writes.
Wall Street Stumbles on Weak Housing Report (Jun-16, 08:50 EDT )-- Bullish manufacturing reports from the United States helped investors focus on growth outside of debt-troubled Europe.
Wal-Mart's Push Into Finance Continues (Jun-16, 08:34 EDT )-- The retailer has been expanding its financial services offerings. But regulators denied its request to buy a bank.
Home Construction Falls, But Industrial Output Up (Jun-16, 08:06 EDT )-- Home construction plunged 10 percent in May to the lowest level since December and building permits fell 5.9 percent, the latest signs that the construction industry won't fuel the economic recovery. But a separate report showed strength in industrial...
Bill Gates, Warren Buffett Urge Billionaires To Give Away Half Their Fortunes (Jun-16, 07:47 EDT )-- At three secret meetings, Bill Gates and Warren Buffett urged their wealthy contemporaries to make sizable charitable contributions.
Michigan Drives For A Battery-Powered Recovery (Jun-16, 07:15 EDT )-- The struggling state and the Obama administration have invested billions in advanced battery plants, both to create jobs and spark clean energy alternatives.
News Analysis: With Call to Arms, Obama Seeks to Shift Arc of Oil Crisis (Jun-16, 06:27 EDT )-- In a national address Tuesday, President Obama hoped to pivot from defense to offense, using the Gulf crisis to press for major change in energy policy.
Obama: The Time To Embrace Clean Energy Is Now (Jun-16, 03:53 EDT )-- President Obama meets with BP executives Wednesday for the first time since the company's deep-water oil well blew up eight weeks ago. In his address from the Oval Office, Obama tried to shift the legacy of the Gulf of Mexico oil spill from dirty...
Pensacolans Call For Action After Speech (Jun-16, 03:08 EDT )-- Hours before President Obama delivered his prime-time speech, he took a walk on the beach in Pensacola, Fla., where tar balls have washed ashore. Some locals gathered at a restaurant on that same beach Tuesday night to watch the president's Oval Office...
Microsoft's About-Face: Offers Fee Online Products (Jun-16, 03:00 EDT )-- Microsoft has released its latest version of Office, known as Office 2010. Company head Steve Ballmer says the software has new features aimed at fending off Google's competing products which are offered free online.
Google Cuts Down On Use Of Microsoft Windows (Jun-16, 03:00 EDT )-- It's been reported that Google is ordering new employees to no longer use the Windows operating system. Instead, they must use Apple's operating system or Linux. The move reportedly is due to inherent security problems with Windows. Steve Fox, an...
Obama Tells Nation Of 'Battle Plan' To Fight Spill (Jun-16, 03:00 EDT )-- President Obama made his first Oval Office address to the nation Tuesday night. The president says he will demand the chairman of BP set aside whatever money is needed to compensate the many people who have been hurt by the company's "recklessness."
Google Asks For Comments On Microsoft Truck (Jun-16, 03:00 EDT )-- The tech blog Gawker reports a Microsoft truck drove around Google's headquarters in Silicon Valley. The truck belonged to Microsoft's search engine Bing. It appeared to be taking pictures, perhaps for Microsoft's online mapping service. A Google...
Rig Explosion Is A Byproduct Of Complex Systems (Jun-16, 03:00 EDT )-- The oil spill in the Gulf of Mexico started with an explosion on the Deepwater Horizon rig in April. Tad Patzek, chairman of the petroleum and geosystems engineering department at the University of Texas at Austin, tells Deborah Amos the incident was a...
Gulf Oil Spill Estimate Revised Again (Jun-16, 03:00 EDT )-- It's taken many weeks to figure out how much oil is leaking each day. It's now estimated that up to 60,000 barrels per day are escaping. There was a time when BP executives said it was 1,000 barrels per day.
BP London Shares Lower Ahead Of Obama Meeting (Jun-16, 03:00 EDT )-- Investors seem apprehensive about Wednesday's meeting between President Obama and top executives from the oil company BP. In London trading, BP shares are lower. The company's stock already has fallen about 50 percent, since one of its wells began...
New Concerns as Spain’s Borrowing Costs Soar (Jun-16, 02:40 EDT )-- Spain’s borrowing costs rose, prompting fears that financing costs could soon become too great for the economy to bear.
A Scandinavian Trilogy Sets Publishers Seeking More (Jun-16, 02:21 EDT )-- A scramble is on to feed mystery readers’ hunger after they’ve finished Stieg Larsson’s Millennium series.
The Singularity: Playing on Thursday Nights (Jun-16, 00:55 EDT )-- The television show "Fringe" has brought the notion of fantastic science running amok to a mainstream audience.
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