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Latest news for Telecommunications

U.S. to take control of Fannie and Freddie: reports (Reuters)

06-09-2008 01:04

A combination image showing (clockwise from top L) Treasury Secretary Henry Paulson, Senator Harry Reid, Senator Christopher Dodd and Representative Barney Frank. (Shannon Stapleton - Top L/Joshua Roberts - Top R/Carlos Barria - bottom R/Jonathan Ernst - bottom L/Reuters)Reuters - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history.

Citi could sell Primerica, Texas business: Ladenburg's Bove (Reuters)

05-09-2008 23:39

Reuters - Citigroup could sell its Primerica financial services unit and its First American banking subsidiary in Texas as the bank continues to restructure its business, Ladenburg Thalmann analyst Richard Bove said in a research note.

U.S. to take control of mortgage giants: reports (Reuters)

05-09-2008 23:19

A combination image showing (clockwise from top L) Treasury Secretary Henry Paulson, Senator Harry Reid, Senator Christopher Dodd and Representative Barney Frank. (Shannon Stapleton - Top L/Joshua Roberts - Top R/Carlos Barria - bottom R/Jonathan Ernst - bottom L/Reuters)Reuters - The U.S. government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.

Greenberg could pay fine of up to $100 million: report (Reuters)

05-09-2008 21:22

Maurice Greenberg speaks at a luncheon on American competitiveness in the global market at the New York Law School in New York April 24, 2006. (Keith Bedford/Reuters)Reuters - Maurice "Hank" Greenberg, the former CEO of American International Group Inc , could face a fine of up to $100 million to settle three-year-old civil fraud charges brought by New York's attorney general, according to business news channel CNBC on Friday.

Boeing machinists to strike as contract talks fail (Reuters)

05-09-2008 19:20

Boeing machinist Jim Anderson prepares strike signs at machinists union headquarters in Seattle, Washington, September 3, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's 27,000-strong machinists' union declared it will strike at midnight on Friday, as the plane maker failed to improve its contract offer after two days of emergency talks.

More Cons Than Pros To 401(k) Loan (Investor's Business Daily)

05-09-2008 18:25

Investor's Business Daily - In the past year, the credit crunch has spread from mortgages to student loans and other types of debt. Home equity lines of credit have been reeled in.

Alabama group files suit over Jefferson County debt (Reuters)

05-09-2008 18:24

Reuters - An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and others.

GE gets "Wells notice" in SEC accounting probe (Reuters)

05-09-2008 17:55

Reuters - General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters.

Boeing workers prepare to strike as deadline nears (Reuters)

05-09-2008 17:32

Boeing machinist Jim Anderson prepares strike signs at machinists union headquarters in Seattle, Washington, September 3, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's machinists prepared for a strike on Friday as the plane-maker and its largest union tried to hammer out a last-ditch deal on their latest three-year contract.

Treasury near GSE bailout plan: report (Reuters)

05-09-2008 17:22

A combination image showing (clockwise from top L) Treasury Secretary Henry Paulson, Senator Harry Reid, Senator Christopher Dodd and Representative Barney Frank. (Shannon Stapleton - Top L/Joshua Roberts - Top R/Carlos Barria - bottom R/Jonathan Ernst - bottom L/Reuters)Reuters - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , the Wall Street Journal reported on Friday.

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