Reuters - Freddie Mac won approval
from regulators on Friday to sell the stock needed to overcome
mounting losses, and the Wall Street Journal said the mortgage
finance company may seek $10 billion.
Ford to retool U.S. plants for European cars: report
(Reuters)
Reuters - Car maker Ford Motor Co is
drawing up plans to retool American plants to make small,
fuel-efficient passenger cars that it mainly makes and sells in
Europe, the Wall Street Journal reported on Saturday.
Reuters - The government is considering bringing
further criminal charges in the case involving two former Bear
Stearns executives indicted last month related to the collapse
of two hedge funds they oversaw, a federal prosecutor said on
Friday.
EU wants co-operation with SEC on rating agencies: report
(Reuters)
Reuters - The European Commission wants to
cooperate closely with the U.S. Securities and Exchange
Commission (SEC) on the planned regulation of credit rating
agencies, the German financial weekly Euro am Sonntag reported.
AFP - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
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You don't know tech: The InfoWorld news quiz
(InfoWorld)
InfoWorld - It's been an educational week. We learned what happens when everyone tries try to activate their iPhones at the same time, what people will pay for free software, and what can go wrong when you tick off your IT folks.
Reuters - U.S. sales of video game hardware
and software rose 53 percent in June from a year ago, with
Konami Corp's "Metal Gear Solid 4" helping to fuel a dramatic
increase in the number of Sony Corp's PlayStation 3 units sold,
market researcher NPD reported on Thursday.
AP - With a Yahoo Inc. search deal uncertain at best, Microsoft Corp. plans to invest hundreds of millions of dollars more than expected in the next year to whip its unprofitable online operations into shape.