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Fannie and Freddie debt gains as deep share dive abates
reuters
Thu, 21 Aug 2008 21:24:27 -0400
NEW YORK (Reuters) - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.
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Appeals court sends wiretap case back to lower court
reuters
Thu, 21 Aug 2008 16:08:53 -0400
SAN FRANCISCO (Reuters) - A federal appeals court on Thursday declined to rule on whether lawsuits seeking to target President George W. Bush's warrantless wiretapping are covered by secrecy laws or can be challenged in court.
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Russia promises to start Georgia pullback
reuters
Thu, 21 Aug 2008 20:37:41 -0400
TBILISI (Reuters) - Russia said it would complete a pullback of troops in Georgia by the end of Friday but it stopped short of the extensive withdrawal demanded by the West, saying it would keep a force deep inside Georgia's heartland.
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Al Qaeda north African wing claims Algeria bombs
reuters
Thu, 21 Aug 2008 19:07:47 -0400
LONDON (Reuters) - Al Qaeda's north African wing has claimed responsibility for two car bombs in Algeria which killed 12 people and wounded 42 this week, the Al Jazeera television network said on Thursday.
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Suicide bombs kill 59 outside Pakistani arms plant
reuters
Thu, 21 Aug 2008 17:24:38 -0400
ISLAMABAD (Reuters) - Two Pakistani Taliban suicide bombers blew themselves up outside the country's main defense industry complex on Thursday, killing at least 59 people as workers were leaving at the end of their shift, officials said.
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Relatives seek to identify Spain crash victims
reuters
Thu, 21 Aug 2008 15:04:34 -0400
MADRID (Reuters) - Grieving relatives on Thursday tried to identify charred bodies from the wreckage of a Spanish jet which crashed at Madrid airport on its second attempt at takeoff after mechanical problems.
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Oil up 5 percent on global tensions, soft dollar
reuters
Thu, 21 Aug 2008 19:46:23 -0400
NEW YORK (Reuters) - Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.
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Firms settle auction-rate probes; but more to come
reuters
Thu, 21 Aug 2008 19:54:59 -0400
NEW YORK (Reuters) - Three of Wall Street's top investment banks agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after U.S. regulators reached settlements over the way the firms sold auction-rate securities.
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Fannie and Freddie debt gains, deep share dive abates
reuters
Thu, 21 Aug 2008 20:29:11 -0400
NEW YORK (Reuters) - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.
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