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Fed's Bernanke endorses GSE's move into conservatorship - Reuters
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Sunday he strongly endorses the decision to place mortgage finance companies Fannie Mae and Freddie Mac into conservatorship. "These necessary steps will help to strengthen the U.S ...

Australian share market surges after US mortgage rescue - News.com.au
THE Australian stock market opened over 3 per cent higher after the US government gave markets a boost by taking over Freddie Mac and Fannie Mae. At 10.43am (AEST), the benchmark S&P/ASX200 was up 163.9 points, or 3.36 per cent to 5041.0, while the ...

Share market surges after US mortgage rescue - News.com.au
THE market was higher at noon, led by the financial sector after news that the US government would take over troubled mortgage institutions Freddie Mac and Fannie Mae. At 12pm (AEST), the benchmark S&P/ASX200 had added 187 points, or 3.83 per cent to ...

Nikkei set to gain after US mortgage firm takeover - Forbes
TOKYO, Sept 8 (Reuters) - Japan's Nikkei average is expected to rise on Monday from a 5-A½ month closing low hit the previous trading day, after the U.S. government took control of troubled mortgage finance companies Fannie Mae and Freddie Mac . U.S ...

Wall Street may cheer Fannie, Freddie bailout - International Herald Tribune
NEW YORK : Wall Street finally got what it's been angling for: a bailout of mortgage giants Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide. Overall, the ...

Significant Developments: Auto & Truck Manufacturers - Reuters
Reuters reported that Ford Motor Company has had exploratory talks with Renault SA to sell Volvo, but the initial talks broke down due to price differences. The two parties have spoken again after their initial discussions, which were held last fall ...

Prosecutor becomes figure in mortgage mess - Reuters
LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and since ...

Asian Markets Look Set for Strong Open - CNBC
Asian markets look set for a strong start Monday after the U.S. government seized control of mortgage companies Fannie Mae and Freddie Mac on Sunday. [ FRE   Loading...       ( )   ] -- which own or guarantee almost half of the country's $12 ...

Futures soar after U.S. takes over GSEs - MSN MoneyCentral
NEW YORK (Reuters) - Stock index futures surged on Sunday, pointing to a sharply higher open when Wall Street opens on Monday, after the U.S. government seized control of troubled mortgage finance companies Fannie Mae and Freddie Mac . The takeover ...

NEWSMAKER-Prosecutor becomes figure in U.S. mortgage mess - Forbes
LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and since ...

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