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Archive: (19 Stories)

Closing Fannie, Freddie could boost mortgage rates

08/07/2013 4:30am
Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.

Portugal jobless rate down for 1st time in 2 years

08/07/2013 6:23am
Portugal's statistics agency says the bailed-out country's unemployment rate has fallen for the first time in two years.

GM retiree trust raises $171M in warrant offering

08/07/2013 6:25am
A health care trust for General Motors Co.'s retired factory workers raised $171 million in a public offering of warrants to purchase the automaker's stock.

Brookfield Property buying Industrial Developments

08/07/2013 6:42am
Brookfield Property Partners is buying Industrial Developments International Inc. for $1.1 billion.

Virgin America posts 2Q profit as traffic rises

08/07/2013 6:57am
Virgin America posted a rare quarterly profit Wednesday, reflecting more people flying and falling fuel prices.

Duke profit falls on write-down, mild weather

08/07/2013 7:24am
Duke Energy Corp. posted a sharp drop in second-quarter profit on costs related to closing a crippled nuclear power station in Florida and milder weather in its service territory.

Honda to invest in engine plant, training centers

08/07/2013 9:01am
Honda says it will spend $215 million to expand an engine plant and build two training centers in Ohio.

News Summary: Freddie Mac earns $5B in Q2

08/07/2013 9:29am
FREDDIE PROFIT: Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the government-controlled mortgage giant.

Chrysler to spend $52M at Michigan engine plants

08/07/2013 10:14am
Chrysler is investing $52 million at two Michigan plants to build more four-cylinder engines in anticipation of increased demand.

EU pursues probe of Chinese solar subsidies

08/07/2013 10:53am
The European Union is pressing ahead with an investigation of whether China unfairly helps its solar panel makers with government subsidies.

News Summary: Closing Fannie Mae could boost rates

08/07/2013 10:59am
IN PLANNING STAGES: Homebuyers could feel the pinch if Congress phases out Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued with a $187 billion taxpayer bailout during the financial crisis.

Toyota recalls 342,000 Tacoma pickups

08/07/2013 12:19pm
Toyota is recalling 342,000 Tacoma midsize pickup trucks because the front seat belts can malfunction.

New survey tells you what a new car costs to drive

08/07/2013 12:25pm
Every new car window sticker shows the estimated cost of fuel for a year, but that figure may not reflect the miles you drive. A new survey does that math for you.

New training center cultivating WWE's next crop

08/07/2013 1:16pm
World Wrestling Entertainment's largest investment to date in training its next crop of professional wrestlers is in full swing in central Florida.

WellCare 2Q profit edged up, boosts 2013 forecast

08/07/2013 2:41pm
WellCare Health Plans' second-quarter earnings inched up 1 percent, as a jump in medical benefits and other expenses countered a revenue spike for the Medicaid and Medicare coverage provider.

Even as sales rise, Ford says new plants unlikely

08/07/2013 2:48pm
Even though U.S. auto sales are close to returning to pre-recession levels, don't expect to see a new Ford factory anytime soon.

Wal-Mart agrees to safety fixes at 2,857 stores

08/07/2013 2:52pm
Wal-Mart has agreed to improve safety conditions for employees who use trash compactors and cleaning chemicals at more than 2,800 stores as part of a settlement agreement with the Labor Department.

Tesla shares jump on narrowed 2Q loss

08/07/2013 3:05pm
Tesla is reporting a narrower loss for the second quarter, and shares of the electric car maker are soaring in after-hours trading.

Tesla shares jump on narrowed 2Q loss

08/07/2013 4:15pm
Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock.