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Bush Readying Mortgage Aid Plan: Report

WASHINGTON (Reuters) - The Bush administration is finalizing a plan to rescue thousands of homeowners facing foreclosure by helping them refinance into more affordable loans, the Washington Post reported in

March 29th, 2008

China Says Global Economy May Cause Policy Shifts

SHANGHAI (Reuters) - China will keep monetary policy tight for now but recognizes it might need to adjust the strength and timing of policy in response to changes in the

March 29th, 2008

Lehman Brothers Hit By Fake Marubeni Papers

TOKYO (Reuters) - U.S. investment bank Lehman Brothers was defrauded of some $353.1 million after it was caught in a scam in Japan, a source familiar with the situation told

March 29th, 2008

German Ministry Denies Bundesbank Gold Sale Report

BERLIN (Reuters) - Germany's Finance Ministry said on Saturday a magazine report that the government wants the Bundesbank to sell some of its gold reserves to help ease pressure on

March 29th, 2008

JC Penney Lowers Earnings View

NEW YORK (Reuters) - Department store operator JC Penney Co Inc <JCP.N> on Friday cut its first-quarter earnings forecast and said it expects the environment to remain difficult throughout 2008,

March 29th, 2008

Mass. Regulator Subpoenas UBS, Merrill, BofA

BOSTON (Reuters) - Massachusetts' top securities regulator said on Friday that his office was demanding information from three large investment houses as he deepens a probe into the $330 billion

March 29th, 2008

Fannie and Freddie Free to Set Size of Capital Raise

NEW YORK (Reuters) - Fannie Mae <FNM.N> and Freddie Mac <FRE.N> regulator on Friday said it is up to the housing finance companies to determine how much money they must

March 29th, 2008

Clear Channel Documents Reveal Credit Proposal

NEW YORK (Reuters) - Court documents related to the fight between buyers and banks over the $20 billion buyout of U.S. radio operator Clear Channel Communications Inc <CCU.N>, obtained by

March 29th, 2008

U.S. Seeks Enhanced Financial Authority For Fed

WASHINGTON (Reuters) - The U.S. Treasury Department will propose on Monday that the Federal Reserve be given sweeping new powers that would make it chief regulator with authority to require

March 29th, 2008

Judge Says Ex-Bear Exec Can’t Join Morgan Stanley

NEW YORK (Reuters) - A U.S. federal judge has temporarily blocked a former senior Bear Stearns Cos <BSC.N> executive from jumping to Morgan Stanley <MS.N> and recruiting clients and colleagues

March 29th, 2008

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