By Dawn Kopecki May 8 (Bloomberg) — Fannie Mae, operating under a federal conservatorship, asked the US Treasury for a $19 billion capital investment and raised the possibility that its long-term survival may be dependent on continued government …
By PETER EAVIS In the worst-case scenario used to determine bank capital needs, the government posits that Goldman might be 2½ times as profitable as its main rival this year and next.
By Arif Sharif May 10 (Bloomberg) — DP World Ltd., the Middle East’s biggest port operator, said a private equity investor approached its parent Dubai World about buying a minority stake in the ports company.
By Val Brickates Kennedy, MarketWatch BOSTON (MarketWatch) — AT&T has agreed to buy certain wireless assets from Verizon Wireless for $2.35 billion in cash.
By David S. Hilzenrath and Carrie Johnson Chemical maker WR Grace and three former executives were acquitted yesterday of charges that they knowingly exposed residents of a small Montana mining town to asbestos over many years and concealed the deadly …
Warren E. Buffett’s Berkshire Hathaway said it lost $1.53 billion in the first quarter, compared with a $940 million profit in the corresponding period a year earlier, as unrealized derivative losses and a write-down of its ConocoPhillips investment …
By Jonathan Stempel NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) said it expects to have no difficulty covering what the government said is a $13.7 billion capital shortfall, and plans to stay away from big acquisitions while it integrates Wachovia …
AP , 05.08.09, 02:29 PM EDT WASHINGTON (AP) – Fannie Mae ( FNM – news – people ) issued a grave warning about its future, saying it needs $19 billion in additional government aid as job losses grow and risky loans made during the housing boom go bad at …
The Japanese automaker’s first operating loss may be harsh, but it’s still in a lot better shape than its American rivals.
By KIRK JOHNSON A federal court jury on Friday acquitted the big chemical products company, WR Grace, and three of its executives on all criminal charges that they had knowingly contaminated the small Montana mining town of Libby with asbestos, …