Business News from Reuters
(Complete list)

Fannie, Freddie shares dive on bailout fears, bonds up

Wed, 20 Aug 2008 22:29:38 GMT
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NEW YORK (Reuters) - Fannie Mae and Freddie Mac shares plunged to their lowest levels in almost 20 years on Wednesday, while the mortgage companies' bonds rallied on the belief that an increasingly likely government bailout would wipe out shareholders but secure their massive debt.



California mulls probing senator over IndyMac crash

Wed, 20 Aug 2008 22:51:21 GMT
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WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information.



Wall St rises as bank, energy shares rebound

Wed, 20 Aug 2008 21:07:49 GMT
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NEW YORK (Reuters) - U.S. stocks rose on Wednesday as bank and energy shares rebounded even as investors dumped Fannie Mae and Freddie Mac on fears of an imminent government bailout of the housing finance companies.



Goldman reiterates $149 oil forecast

Wed, 20 Aug 2008 15:21:34 GMT
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Lehman couldn't secure Korean Funds: report

Wed, 20 Aug 2008 11:34:04 GMT
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(Reuters) - Lehman Brothers Chief Executive Dick Fuld nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions but the pact disintegrated, the New York Post said citing sources familiar with the matter.



U.S. judge approves suit against Bristol-Myers

Wed, 20 Aug 2008 20:34:08 GMT
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NEW YORK (Reuters) - A U.S. judge ruled in favor of shareholders suing Bristol-Myers Squibb about its disclosures while settling patent litigation with Canadian generic drug maker Apotex Inc over the blood-thinner Plavix.



Buffett, Gates tour Canadian oil sands operation

Wed, 20 Aug 2008 19:39:25 GMT
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CALGARY, Alberta (Reuters) - Warren Buffett and Bill Gates, two of the world's richest men, toured Canadian Natural Resources Ltd's Horizon oil sands project near Fort McMurray, Alberta, this week.



LandCap JV to buy Wachovia loans: report

Wed, 20 Aug 2008 07:22:36 GMT
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(Reuters) - A joint venture created by LandCap Partners is buying $40 million of troubled land and construction loans from Wachovia Corp The Wall Street Journal said.



Oil rises to near $115 on U.S.-Russia missile spat

Wed, 20 Aug 2008 19:36:06 GMT
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NEW YORK (Reuters) - Oil prices rose to near $115 a barrel on Wednesday after Russia responded angrily to a U.S. missile shield agreement with Poland, raising the threat of a supply disruption from the huge energy producer.



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