Fannie, Freddie making risky deals with small lenders: watchdog
WASHINGTON (Reuters) – U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.
Microsoft expected to announce thousands of job cuts on Thursday
SEATTLE (Reuters) – Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computin…
China urges U.S. not to abuse trade system for own advantage
BEIJING (Reuters) – China’s commerce minister urged the United States on Thursday not to abuse the global trade system by imposing duties on Chinese goods to protect its own economy, following a rebuke to Washington by the World Trade Organization.
Time Warner win would make Murdoch U.S. media king
NEW YORK (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83-year-old’s status as the most powerful magnate in U.S. media and entertainment.
China pledges to further promote targeted economic stimulus: paper
SHANGHAI (Reuters) – China’s State Council, or cabinet, pledged at a meeting on Wednesday to further promote targeted economic stimulus steps, the China Securities Journal reported on Thursday, quoting a report by the official Xinhua news agency.
UBS cements lead as largest private bank, assets near $2 trillion: study
ZURICH (Reuters) – UBS cemented its lead over U.S. brokerage Bank of America Corp as the world’s largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday.
Icahn and Ackman, foes on Herbalife, make up at conference
NEW YORK (Reuters) – Carl Icahn and William Ackman are friends again.
Coca Cola says to maintain $1 billion a year Mexico investment
MEXICO CITY (Reuters) – The Coca Cola Company said on Wednesday it would maintain its roughly $1 billion a year investment in Mexico, its largest market outside the United States, until 2020.
Icahn and Ackman, foes on Herbalife, make up at conference
NEW YORK (Reuters) – Carl Icahn and William Ackman are friends again.
Time Warner win would make Murdoch U.S. media king
NEW YORK (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83-year-old’s status as the most powerful magnate in U.S. media and entertainment.
