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Wall St opens lower on Fannie Mae loss (Reuters via Yahoo! News) Stocks opened slightly lower on Friday after home finance company Fannie Mae posted a fourth straight quarterly loss and slashed its dividend, tempering optimism over a slide in oil prices. Futures cut gains after Fannie Mae loss (Reuters via Yahoo! News) U.S. stock index futures pared gains on Friday after U.S. home finance company Fannie Mae posted a quarterly loss and slashed its dividend, tempering optimism from declines in crude oil prices. Mortgage finance company Fannie Mae fears for future after posting $2.3bn loss (Guardian Unlimited) America's largest mortgage finance company suffers as more borrowers default on home loans Futures flat; Fannie Mae loss offsets oil (Reuters via Yahoo! News) Stock index futures were little changed on Friday as news of a fourth straight quarterly loss by home finance company Fannie Mae offset lower oil prices. China's global reach: Chinese multinationals, travel, finance, banking, stock market, jobs (cmi santiago) Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a leading Chinese strategist George Zhibin Gu. Fannie Mae posts massive $2.3bln loss (AFP via Yahoo! News) Struggling home finance giant Fannie Mae Friday reported a massive second-quarter loss of 2.3 billion dollars, more than three times analysts' estimates. Fannie Mae loses $2.3B in quarter, slashes dividend (USA Today) Mortgage finance company Fannie Mae on Friday posted its fourth straight quarterly loss as home loan defaults increased and said it would slash its dividend more than 85% and take other steps to shore up its capital position. Dogs Killed In Raid On Mayor's Home (CBS News) Police raided the home of a Maryland mayor and his wife, shooting to death their two dogs and seizing a package containing 32 pounds of marijuana. Authorities now say the couple appears to be innocent victims of a smuggling scheme. Finance giant sinks deeper in meltdown (Daily Telegraph) STRUGGLING US mortgage finance giant Fannie Mae has unveiled a steeper than expected quarterly loss and announced dramatic measures to weather the worst US housing slump in decades. Wall St set for flat open, Fannie Mae down (Reuters via Yahoo! News) Stocks headed for a flat open on Friday after home finance company Fannie Mae posted a fourth straight quarterly loss and slashed its dividend, tempering optimism spurred by a further slide in oil prices. |
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