| |  US Government takes over mortgage giants
6:22PM CT
WASHINGTON (AP) - The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. | | |
 Wall Street may cheer Fannie, Freddie bailout
5:55PM CT
NEW YORK (AP) - Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide. | | |
Fannie, Freddie deal helps some borrowers, not all
5:59PM CT
NEW YORK (AP) - The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. | | |
OPEC considers cutting oil production
4:26PM CT
VIENNA, Austria (AP) - 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. | | |
Gulf oil and gas producers give Ike a serious look
3:49PM CT
NEW YORK (AP) - Efforts to bring oil and gas production back online in the Gulf of Mexico slowed Sunday as Hurricane Ike barreled toward the nation's energy complex, likely to be the second hurricane to slam into the Gulf in as many weeks. | | |
Foodmakers plan big ad campaigns in down economy
1:46PM CT
MILWAUKEE (AP) - Foodmakers may be worried about higher costs for key ingredients, pushing through price increases and still maintaining their profits. But for big names like Sara Lee, Kraft and others, these slim times don't mean doing away with their advertising budgets. | | |
Advertising group opposes Yahoo-Google pact
5:54PM CT
SAN FRANCISCO (AP) - 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. | | |
Auto industry to press Congress for $50B in loans
8:58AM CT
WASHINGTON (AP) - Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. | | |
Long-term plan aids marketing of Michael Phelps
1:09PM CT
(AP) - Olympian Michael Phelps' record-setting performance in Beijing has led to multimillion-dollar endorsement deals, but his road to marketing gold was paved years before he swam a lap in China. | | |
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