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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. |
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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 foreig |
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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. |
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Reuters - The U.S. government plans to take
over Fannie Mae and Freddie Mac and all
shareholders of the two mortgage giants will take a hit, an
influential lawmaker said on Saturday. |
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The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. |
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