Archive for the ‘Deals’ Category
Monday, September 8th, 2008
SYDNEY, Sept 8 (Reuters) - Origin Energy Ltd (ORG.AX: Quote, Profile, Research, Stock Buzz), thetarget of BG Group Plc's (BG.L: Quote, Profile, Research, Stock Buzz) A$13.7 billion ($11.3 billion)takeover offer, has selected ConocoPhillips (COP.N: Quote, Profile, Research, Stock Buzz) as a jointventure partner to convert ...
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Monday, September 8th, 2008
By David Lawder - Analysis WASHINGTON (Reuters) - The U.S. Treasury has been worrying and wrangling over Fannie Mae's and Freddie Mac's capital levels and systemic risks for years. So why move now to seize control of the two troubled mortgage finance giants? ...
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Monday, September 8th, 2008
SAN FRANCISCO (Reuters) - Pimco's Bill Gross said on Sunday that the U.S. Treasury's takeover of Fannie Mae and Freddie Mac should ultimately slow the decline of housing prices and help the U.S. economy. "By preserving the GSEs (government-sponsored enterprises) in current form ...
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Monday, September 8th, 2008
* U.S. government takes over Fannie Mae, Freddie Mac * Move is aggressive bid to help battered housing market * Regulator to operate companies; CEOs replaced * U.S. stock futures soar on move ...
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Monday, September 8th, 2008
WASHINGTON (Reuters) - Both U.S. presidential candidates Barack Obama and John McCain said on Sunday they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary. Republican McCain supports the federal takeover of mortgage finance giants Fannie Mae ...
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Monday, September 8th, 2008
WASHINGTON (Reuters) - U.S. President George W. Bush said on Sunday that the troubles at mortgage finance companies Fannie Mae and Freddie Mac posed an "unacceptable risk" to the economy. "Today, the Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie ...
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Monday, September 8th, 2008
The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence. Their ...
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Monday, September 8th, 2008
NEW YORK (Reuters) - The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac, in its latest effort to shore up the slumping housing market. KEY POINTS: * The regulator of ...
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Monday, September 8th, 2008
By Burton Frierson - Analysis NEW YORK (Reuters) - Washington's latest attempt to resuscitate the moribund U.S. mortgage business moves the housing market out of the emergency room and into intensive care but by no means cures the patient. The ...
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Monday, September 8th, 2008
By Elinor Comlay NEW YORK (Reuters) - Financial stocks may rise on Monday after the U.S. government took over troubled mortgage companies Fannie Mae and Freddie Mac, but this may be only a temporary reprieve given the long list of woes banks are ...
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