| Business News |
Fannie Mae, Freddie Mac shares tumble on bailout fears
(Reuters)
Reuters - Shares of Fannie Mae and
Freddie Mac slid at the open on Thursday, on mounting
fears that the two mortgage finance companies may need a
government bailout, which would wipe out shareholder value.
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Analysts see tough quarter for U.S. investment banks
(Reuters)
Reuters - Wall Street research analysts are
projecting yet another tough quarter for U.S. investment banks
marked by additional writedowns across a series of fixed-income
assets amid an already weak operating environment.
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Lehman outlook dims on failed sale report
(Reuters)
Reuters - The outlook for Lehman Brothers Holdings
Inc darkened further on Thursday as a newspaper
reported that an intended asset sale had collapsed and a
Citigroup analyst forecast big losses for the group.
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Nasdaq falls more than 1 pct as oil gains
(Reuters)
Reuters - The Nasdaq extended losses on
Thursday, falling more than 1 percent as resurgent crude oil
prices pushed above $120 per barrel, heightening fears about
the durability of business and consumer spending.
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Barnes & Noble profit falls, cuts year sales view
(Reuters)
Reuters - Barnes & Noble Inc posted a
smaller-than-expected drop in quarterly profit on Thursday, but
cut its full-year sales forecast, citing a challenging
environment for book sales.
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Global stocks gain, dollar rises towards 2008 peak
(Reuters)
Reuters - World stocks edged higher on Wednesday
after the previous day's tumble to their lowest level in almost
two years attracted some buyers, while rebounding commodity
prices helped resource shares.
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| Obama in Berlin for big outdoor speech - 24, Jul 2008 |
By Noah Barkin and Caren Bohan
BERLIN (Reuters) - U.S. Democratic presidential candidate Barack Obama, on a foreign tour he hopes will boost his election chances, on Thursday gives an outdoor speech in Berlin on transatlantic ties that is likely to draw thousands.
Obama, who arrived on Thursday morning, will give the evening speech, which the German press is comparing to former President John F. Kennedy's 1963 "Ich bin ein Berliner" address, at the "Victory Column" in Berlin's central Tiergarten park.
Chancellor Angela Merkel, whom he was due to meet, opposed his campaign's initial plan to hold the speech at the Brandenburg Gate, a historic landmark she says is more appropriate for presidents rather than presidential hopefuls.
The address is the only public speech of a week-long foreign tour that is taking place against the backdrop of a fiercely fought U.S. election campaign.
"Hopefully (the speech) will be viewed as a substantive articulation of the relationship I'd like to see between the United States and Europe," Obama told reporters in Israel before leaving for Germany.
"I'm hoping to communicate across the Atlantic the value of that relationship and how we need to build on it."
Relations between the United States and Germany reached a post-war low under Merkel's predecessor Gerhard Schroeder, who strongly opposed the U.S. invasion of Iraq in 2003.
But the conservative Merkel, who grew up behind the Wall in the communist East, has worked hard to repair ties and emerged as one of President George W. Bush's closest allies in Europe.
(c) 2008 Reuters
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| TAGS: Iraq, Middle East, France, Western Europe, Europe, Online Report text item, Afghanistan, Asia, Germany, United Kingdom, Elections, Domestic Politics, United States of America |
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