Today's Business News Headline

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Last updated: Sun, 27 Jul 2008 01:07:46 EST

Congress approves housing bill (Reuters) » Full Story

Mortgage firm Freddie Mac headquarters are pictured in McLean, Virginia, July 13, 2008. (Larry Downing/Reuters)Reuters - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to mortgage titans Fannie Mae and Freddie Mac , and setting up a $300-billion fund to help hundreds of thousands of troubled homeowners.




U.S. regulators seize two more banks, engineer sale (Reuters) » Full Story

A bank employee posts a notice that 1st National Bank of Nevada is in FDIC receivership on Friday, July 25, 2008, after federal regulators closed the bank in Carson City, Nev. Twenty-eight branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators. (AP Photo/Nevada Appeal, Brad Horn)Reuters - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.




Former hedge fund head files against Citigroup: report (Reuters) » Full Story
Reuters - A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund's demise, the Wall Street Journal reported on Saturday, citing people familiar with the matter.


[logo] Google News - Business   more  xml  hide  
Last updated: Sun, 27 Jul 2008 01:07:47 EST

Congress Sends Housing Relief Bill to Bush - New York Times » Full Story

ABC News

Congress Sends Housing Relief Bill to Bush
New York Times - 10 hours ago
By DAVID M. HERSZENHORN WASHINGTON - Hoping to stretch a safety net under the nation’s tumbling housing market, the Senate on Saturday overwhelmingly approved a huge package of legislation that includes a program to save hundreds of thousands of ...
Senate Overwhelmingly Approves Housing Bill Washington Post
Congress OKs housing aid MarketWatch
Reuters - Wall Street Journal - Tampa Tribune - Winston-Salem Journal
all 5,474 news articles


FCC approves long-proposed XM, Sirius merger - Bizjournals.com » Full Story

Canada.com

FCC approves long-proposed XM, Sirius merger
Bizjournals.com - 2 hours ago
XM Satellite Radio Inc. and smaller rival Sirius Satellite Inc.have cleared the final hurdle in their merger. The Federal Communications Commission late Friday gave its blessing to the $3.5 billion merger, after commissioner Deborah Taylor Tate cast ...
FCC approves Sirius Satellite acquisition of XM Reuters
FCC gives green light to XM-Sirius merger MarketWatch
Forbes - BusinessWeek - Wall Street Journal - Washington Post
all 2,289 news articles


Apple’s Culture of Secrecy - New York Times » Full Story

Boston Globe

Apple’s Culture of Secrecy
New York Times - 2 hours ago
By JOE NOCERA “No one wants to die,” said Apple’s chief executive, Steven P. Jobs. “And yet death is the destination we all share.
Steve Jobs talks to the Times about his health CNNMoney.com
Apple CEO Jobs' life not in danger: report Reuters
Newsweek - Financial Times - San Jose Mercury News - BloggingStocks
all 348 news articles


Two more banks fail; FDIC sells deposits - MarketWatch » Full Story

Washington Post

Two more banks fail; FDIC sells deposits
MarketWatch - 9 hours ago
By MarketWatch SAN FRANCISCO (MarketWatch) -- Two more banks were shut down by federal regulators late Friday, who sold the banks' deposits to Mutual of Omaha Bank.
FDIC Takes Over 2 Banks New York Times
No angry lines of customers after bank takeover The Associated Press
KXMC - FOXBusiness - Forbes - WOWT
all 1,090 news articles



[logo] NPR Topics: Business   more  xml  hide  
Last updated: Sun, 27 Jul 2008 01:07:49 EST

Disney, NRA Fight Over Guns At Work » Full Story
Disney is leading a group of businesses that are fighting a new Florida state law that allows employees to bring their guns to work if they leave them in their parked cars. Disney says it's exempt from the law. The NRA accuses Disney of thumbing its nose at the Second Amendment.

Disney is leading a group of businesses that are fighting a new Florida state law that allows employees to bring their guns to work if they leave them in their parked cars. Disney says it's exempt from the law. The NRA accuses Disney of thumbing its nose at the Second Amendment.

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Security Expert Finds A Wrench In The Internet » Full Story
Several months ago, Dan Kaminsky discovered a major problem with the basic wiring of the Internet that could easily be exploited by hackers. It has to do with what's known as the domain name system, or DNS.

Several months ago, Dan Kaminsky discovered a major problem with the basic wiring of the Internet that could easily be exploited by hackers. It has to do with what's known as the domain name system, or DNS.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Sun, 27 Jul 2008 01:07:52 EST

Ford posts $8.7 billion second-quarter loss on truck slump » Full Story
DETROIT (Reuters) - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade.


Shift to smaller cars raises safety questions » Full Story
WASHINGTON (Reuters) - An accelerating consumer shift from sport utility vehicles and pickups to more fuel-efficient cars should reduce rollover, but safety experts worry a lighter fleet poses serious risks despite air bags, anti-collision systems and other advances.


Crowd-sourcing the e-car » Full Story
HELSINKI (Reuters) - After the wikipedia, the wikicar. "eCars - Now!" is a Finnish Internet community seeking to apply the collective approach taken by online collaborators like the authors of Wikipedia to start converting used petrol-fuelled cars to electric ones, with the first roll-out due this year.



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