AFP/File
WASHINGTON (Reuters) – The top Republican on the House Financial Services Committee called on Friday for an investigation into charges that mortgage finance giant Fannie Mae pushed borrowers into a mortgage aid program so it could receive incentive payments from the U.S. government. Full Story »
FRANKFURT (Reuters) - The head of the world's largest reinsurer, Munich Re (MUVGn.DE), warned low interest rates were hurting the industry and urged central banks to return to more orthodox rate policies as soon as possible. Full Story »
PARIS (Reuters) - Shares in BP rose 1.2 percent in London on Friday, taking their bounce since the near 14-year low in June to 45 percent, lifted by the group's latest progress in plugging the ruptured oil well in the Gulf of Mexico. Full Story »
AFP/DDP/File LONDON (AFP) - Europe's main stock markets rose on Friday as the market saluted a return to profits for state-rescued Royal Bank of Scotland and before publication of key US jobs data. Full Story »
RALEIGH, N.C. - In November 2008, with the nation transfixed by a presidential election and a collapsing economy, a group of international hackers infiltrated the computer network of a major financial services company in what authorities describe as one of the most sophisticated attacks ever concocted. Full Story »
AP OMAHA, Neb. - Warren Buffett's company reported a 40 percent drop in second-quarter profit Friday because the improvement at Berkshire Hathaway Inc.'s operating companies couldn't overcome $1.4 billion in paper losses on derivative contracts. Full Story »
Reuters BRUSSELS (Reuters) - A European Union financial stability fund with the potential to raise up to 440 billion euros ($580 billion) to help EU countries weather debt problems is now fully operational, officials said on Friday. Full Story »
The coffee market continues to expand. Starbucks (Nasdaq: SBUX - News) announced that it moved $100 million of its Via instant coffee packets in their first 10 months on the market. Full Story »
Reuters MOSCOW/PARIS (Reuters) - Panic buying of wheat subsided on global markets on Friday, sending prices tumbling as officials reassured markets that ample global supplies would prevent a repeat of the 2008 crisis that triggered food riots around the globe. Full Story »
AP HONG KONG - China's biggest appliance retailer is suing its founder and former chairman for damages after he was jailed for economic crimes and maneuvers from prison to exert control over the company. Full Story »
WASHINGTON - A House Republican is calling for a hearing into a former Fannie Mae employee's allegations that the mortgage giant fired her after she criticized how the company was running a government loan assistance program. Full Story »
AP NEW ORLEANS - The rich fishing grounds of the Gulf of Mexico are beginning to reopen more than three months after crude began gushing from the sea floor. But those who harvest, process and sell the catch face a new crisis — convincing wary consumers it's not only delicious, but also safe. Full Story »
Atlanta - As the Gulf oil spill disaster wanes, attention has turned to the White House's ability to hold BP to its promise of "making the Gulf whole again." Full Story »
AP DETROIT - A year after getting billions of dollars in federal aid to stay in business, Chrysler now brags each month about growing sales, insisting it is rolling down the road to recovery. Full Story »
Explosions killed at least 20 people and wounded as many as 100 Saturday night at a downtown market in Iraq's second-largest city, a senior official said, coming at the end of a violent day that also saw the slaying of seven policemen around the country. Full Story »
An online whistle-blower's threat to release more classified Pentagon and State Department documents is raising difficult questions of what the government can or would do, legally, technically or even militarily to stop it. Full Story »
Paraguayan President Fernando Lugo has been diagnosed with cancer but his prognosis is good, doctors said Saturday. Full Story »
Add headlines to your personalized My Yahoo! page (About My Yahoo! and RSS)
See Only Business News From:
