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Business News from the New York Times In Rescue, U.S. Takes Over Mortgage Finance Titans – The bailout plan for Fannie Mae and Freddie Mac places them in a conservatorship of the government and replaces the management.As Crisis Grew, a Few Options Shrank to One – The downfall of Fannie and Freddie stems from a series of miscalculations and deferred decisions. Few Stand to Gain on This Bailout, and Many Lose – The outgoing leaders of Fannie Mae and Freddie Mac could see big paydays — a prospect that angers many investors, because ordinary stockholders could be virtually wiped out. A Sigh of Relief, but Hard Questions Remain on U.S. Economy – The takeover of Fannie Mae and Freddie Mac reinforced concerns about troubles of the American economy and highlighted its significant reliance on foreign investors, particularly in Asia. Your Money: Fannie Mae, Freddie and You: What It Means to the Public – Mortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices. High & Low Finance: The Dilemma of Fannie and Freddie – There have been bailouts before, but none that seemed more crucial than that of Fannie and Freddie. A Financial Veteran Brings Wall Street and Washington to Job at Fannie Mae – Herbert M. Allison Jr., who was named chief executive of Fannie Mae on Sunday, brings to the job nearly three decades of experience on Wall Street, as well as deep ties to Washington. A Former Finance Chief Takes the Reins at Freddie Mac – David M. Moffett, who was appointed chief executive of Freddie Mac on Sunday, helped transform U.S. Bancorp from a small Ohio bank into the nation’s sixth biggest lender. Business News from the Wall Street Journal McCain Makes a Run at Michigan – If McCain wins the election, it may be thanks to Michigan -- a prize the Republicans think they can claim for the first time in nearly 20 years. On Friday, McCain and Palin arrived in a Detroit suburb to begin their final election sprint.The Party's Over – Millions of voters have moved out of the political party system. The decline of loyalty has made politics less stable and predictable -- and has resulted in close elections, writes Alan Brinkley. A New View on TV – A group of young economists are using statistical techniques to examine how television affects society, and their research shows it's not all bad. Palin's Hockey Rink Leads to Legal Trouble – The biggest project that Sarah Palin undertook as mayor of Wasilla, Alaska was an indoor sports complex, where locals played hockey, soccer, and basketball. But what was to be her legacy has turned into a financial mess that continues to plague Wasilla. Telluride Thrills – Indian dazzler "Slumdog Millionaire" and French film "I Loved You So Long" were highlights at this year's Telluride Film Festival. The Biology of Ideology – Researchers have found tantalizing hints that our voting practices can be traced to a political psyche shaped by genetic traits. |
Business News from the Seattle PI No sign of talks in Boeing strike – As a strike by 28,000 Machinists for The Boeing Co. headed into the work week, there were few signs that the two sides were ready to start talking again.WaMu ousts CEO Killinger, paper reports – Washington Mutual has ousted chief executive Kerry Killinger, the Wall Street Journal reported Sunday. The Insider: Towne Bank stirs memories of another bank – The P-I business staff's weekly compendium of quips, quotes, observations, asides, tidbits, weird facts and gossip. Starbucks hoping for some Good conversation – Order up a double macchiato with a side of debate. On Thursday, Starbucks will begin offering a free paper from the magazine Good in its stores. Microsoft may have settled EU case too soon – Microsoft Corp. may have made a mistake by settling antitrust charges with the European Union last year after losing an EU court ruling. The software maker didn't know it was one vote away from winning. Management techniques we use at work also can help keep the family on track – NEW YORK -- Prioritize, delegate, outsource. They're all good management concepts for keeping businesses running smoothly. But can they help get the laundry done and put dinner on the table? Workplace Coach: Sink or swim isn't a good way to initiate a new hire – Want that new hire to be successful? Start with a solid orientation. Facing the telecommuter challenge – NEW YORK -- With gasoline prices expected to remain uncomfortably high, many small businesses are letting some of their staff work at home. And some owners are discovering that allowing employees to telecommute can require a different management style, and some basic trust. Business News from MSNBC Wall Street may cheer Fannie, Freddie bailout –
Ad group opposes Yahoo-Google partnership – A group representing big-spending national advertisers said Sunday it sent a letter to the Justice Department asserting an online ad partnership between Yahoo Inc. and Google Inc. will stifle competition and likely raise prices. Government takes control of Fannie, Freddie –
OPEC to entertain idea of cutting production – With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude. Food makers still have appetite for advertising –
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