Archive for August 6th, 2008

Even the Rich Get Home-Equity Yanked
Wall Street Journal - 1 hour ago
By MARSHALL ECKBLAD Wall Street firm Morgan Stanley added some of its well-heeled clients to the long list of customers whose lenders have frozen or reduced their home-equity loans.
Morgan Stanley Said to Freeze Home-Equity Credit Withdrawals Bloomberg
Morgan Stanley halts withdrawals on lines of credit New York Daily News
TheStreet.com - BloggingStocks - Reuters - theTrumpet.com
all 31 news articles

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Boston Globe
Boeing Says Bidding Changes Favor European Tanker Team
Wall Street Journal - 4 hours ago
By ANDY PASZTOR Seeking to quickly revive a stalled $40 billion competition for the next generation of aerial-refueling tankers, the Pentagon proposed revised criteria for choosing between Boeing Co.
Pentagon's Reopened Tanker Bids May Favor Northrop Over Boeing Bloomberg
New Tanker Timetable Upsets Boeing Supporters BusinessWeek
Seattle Post Intelligencer - Seattle Times - Chicago Tribune - CQPolitics.com
all 446 news articles

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Reuters
AIG Posts $5.4 Billion Loss As Housing Woes Continue
Wall Street Journal - 1 hour ago
By LIAM PLEVEN American International Group Inc. reported its third consecutive multibillion-dollar quarterly loss, a $5.4 billion hit that underscores the continuing problems the troubled housing market poses for the insurer.
AIG Falls After Insurer Posts Third Straight Loss on Writedowns Bloomberg
AIG's huge 2Q loss shows credit market woes linger Newsweek
The Associated Press - Forbes - CNNMoney.com - guardian.co.uk
all 228 news articles

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Wall Street Journal
Fannie, Freddie's Right To Lobby Lawmakers Is Questioned
Wall Street Journal - 1 hour ago
By JESSICA HOLZER WASHINGTON — After years of being criticized for their lobbying might, Fannie Mae and Freddie Mac are now defending their right to lobby at all.
Misery Mounts at Freddie Mac BusinessWeek
Lawmaker Explores Mortgage Giants' Falling Share Prices Washington Post
New York Times - Reuters - Bloomberg - CNNMoney.com
all 1,039 news articles

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ABC News
Freddie Mac Loses $821 Million
New York Times - 1 hour ago
By CHARLES DUHIGG The gloom over the nation’s housing market deepened on Wednesday as Freddie Mac, the big mortgage finance company, reported a gaping quarterly loss and predicted that home prices would fall further than previously projected.
Lawmaker Explores Fannie, Freddie Share Price Drop Washington Post
Freddie Mac's negative net worth raises questions Reuters
Bloomberg - CNNMoney.com - Forbes - guardian.co.uk
all 1,212 news articles

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Washington Times
IRS Offers a Settlement in Corporate Tax Shelter Cases
New York Times - 1 hour ago
By LYNNLEY BROWNING The Internal Revenue Service, bolstered by recent court rulings, offered more than 45 corporations Wednesday the chance to settle disputes involving two tax shelters used to defer payment of billions of dollars in taxes.
IRS to Offer Tax-Shelter Settlements Wall Street Journal
IRS Offers to Settle 45 Leasing Tax-Shelter Disputes (Update2) Bloomberg
Reuters - guardian.co.uk - The Associated Press - CFO.com Magazine
all 85 news articles

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UPDATE 2-Massachusetts pension fund axes Legg, 4 others
guardian.co.uk - 2 hours ago
By Muralikumar Anantharaman BOSTON, Aug 6 (Reuters) - Massachusetts' pension fund fired Legg Mason Inc's unit, run by Bill Miller, and four other firms on Wednesday from managing its $1.8 billion US stocks portfolio, under a plan to boost returns by
Legg Mason Out as Massachusetts Dumps Stock Pickers (Update1) Bloomberg
Massachusetts Pension Board Dismisses Legg Mason, Others Wall Street Journal
Forbes - CNNMoney.com - Bizjournals.com - Money Management Letter
all 78 news articles

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