US lenders 'face state takeover' Sun, 07 Sep 2008 00:25:18 -0000 US officials plan to put troubled mortgage giants Freddie Mac and Fannie Mae under strict federal control, reports say. US Boeing workers strike over pay Sun, 07 Sep 2008 02:27:40 -0000 Workers at the world's biggest aircraft manufacturer, Boeing, go on strike in the US. US rules out new economic package Fri, 05 Sep 2008 23:19:26 -0000 White House says it does not see need for new measures to stimulate economy despite sharp rise in unemployment.
NYT > World Business
Now Europeans Are Slower to Spend, and It Shows Sat, 06 Sep 2008 05:23:19 -0000 For the first time in more than a decade, consumers in much of Europe are buying less than they did a year earlier, helping to slow economies that may have fallen into recession.
U.S. Rescue Seen at Hand for 2 Mortgage Giants Sat, 06 Sep 2008 17:08:01 -0000 The plan would replace the leaders of Fannie Mae and Freddie Mac and virtually wipe out their shareholders but allow them to continue to function uninterrupted.
Big Summer Sell-Off Hits the Russian Stock Market Sat, 06 Sep 2008 05:21:00 -0000 Russia’s stock market is suffering its worst correction in nearly a decade as sliding oil prices, political attacks on private companies and instability after last month’s war in Georgia spook investors.
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