| 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.
|
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.
|
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.
|
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.
|
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.
|
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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