Fannie May

Ferrero Nestle’nin ABD'deki şekerleme birimini satın alıyor

Ferrero Nestle’nin ABD'deki şekerleme birimini satın alıyor

İtalyan çikolata devi Amerikalı şirketi satın aldı

Çikolata üreticisi Ferrero, Amerikalı çikolata şirketi Fannie May’i 115 milyon dolara satın aldı.

Nutella 97 yıllık ABD devini alıyor

İtalyan Nutella, 1920 yılında kurulan Amerikalı şekerlemeci Fannie May'i 115 milyon dolara satın alıyor. Bu yeni girişimin amacı ise Nutella'nın ABD pazarında gücünü artırmak istemesi olarak yorumlanıyor.

GM, 25 milyar dolar destek alamazsa batması 200 milyar dolara mal olacak

General Motors (GM) zorda olduğu açıklamaları ile devletten 25 milyar dolar yardım almak için lobi faaliyetlerini sürdürürken şirketin batması durumunda yaratacağı domino etkisi sonucunda oluşacak zararın 200 milyar doları bulabileceği açıklandı.

Fitch: US RMBS risk diverging on recent investor loans

Fitch: US RMBS risk diverging on recent investor loans

Existing home sales increase 5.1 percent

WASHINGTON - The National Association of Realtors said sales of existing homes grew 5.1 percent to an annual rate of 4.72 million last month, from 4.49 million units in January. This is because first-time buyers took advantage of deep discounts on foreclosures

Changing conditions transform Turkey’s economic picture in 2008

Following years of liquidity flood, the global economy in 2008 faced a credit crunch that originated in developed countries and spread to emerging markets; the effects of which will surely have negative consequences going well into 2009.

Fed package may be spitting in wind

WASHINGTON - To encourage banks to increase lending, the US Federal Reserve is boosting liquidity even more with a $800 billion-worth plan. But an analyst says the effort risks 'spitting in the wind,' as banks fear the loans they distribute may never come back due to diminishing consumer appetite.

U.S. home prices fall

BOSTON - Home prices throughout the United States continue to tumble, as latest data show the median price of a UShome declined 9 percent from a year earlier. Prices fell in 120 metropolitan areas, while they rose only in 28. The worst declines were in California

Foreclosures surge

WASHINGTON - U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record. This came as home prices fell and stricter mortgage standards made it more difficult for homeowners to sell or refinance their homes

Bernanke says GSE debt backing must be maintained

Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.

Bernanke says GSE debt backing must be maintained

Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.

Oil falls below $105 on bailout, demand concerns

Oil fell on Thursday on lingering uncertainty about the proposed U.S. $700 billion bank bailout plan and signs of slumping demand in top consumer nations.

Oil falls below $105 on bailout, demand concerns

Oil fell on Thursday on lingering uncertainty about the proposed U.S. $700 billion bank bailout plan and signs of slumping demand in top consumer nations.

Morgan Stanley still in deal talks

Morgan Stanley's talks with Wachovia Corp, China Investment Corp and other institutions continue, though the rebound in its securities gives the investment bank more time to consider its options, a person familiar with the matter said Friday.

Morgan Stanley has held Wachovia talks: source

Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

Global shares dive before Wall Street open

World stock markets crumbled for a second straight day on Tuesday, with investors unnerved by prospects for a full-blown global financial crisis despite huge cash injections from central banks.

Lehman expects $3.9 bln Q3 loss, to sell 55 pct of IMD

Lehman Brothers estimated a net loss of $3.9 billion or $5.92 per common share for the third quarter, and said it was intended to sell a majority stake in a subset of its Investment Management Division (IMD), the company announced in a statement on Wednesday. (UPDATED)

U.S budget deficit runs to near-record of $407 bln

The federal government will run a near-record deficit of $407 billion for the budget year ending Sept. 30, according to the latest Capitol Hill estimates.

Eyes on Lehman rescue as Korea lifeline drifts

A potential rescue from South Korea for troubled United Nations investment bank Lehman Brothers appeared to have lost further momentum on Monday but other possible investors continued to circle.

U.S. government plans to take control of Fannie Mae, Freddie Mac

The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history.

Home buyers hold fate of U.S. economy

The willingness and ability of Americans to come back into the housing market over the next few months will determine whether the U.S. economy experiences a mild downturn or the deepest recession in 30 years.

Uncertainty hangs over the fate of Fannie and Freddie

Anxiously awaiting a move by the Treasury Department and spurned by large investment firms, Freddie Mac and Fannie Mae find themselves unable to raise capital and with little ability to maneuver, as analysts warned that the risks may hit other banks as well.

Large U.S. bank collapse seen ahead

The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.

U.S. likely to recapitalize Fannie, Freddie

The United States Treasury is growing increasingly likely to recapitalize Fannie Mae and Freddie Mac in the months ahead on the taxpayer's dime, Barron's reported in its August 18 edition.

U.S pres Bush signs massive housing bill

United States President George W. Bush on Wednesday signed a sweeping housing rescue plan designed to help 400,000 homeowners avert foreclosure and bolster ailing mortgage finance giants, the White House said.

Oil price hits seven-week low below $125, supports stock rally

Oil prices fell to a seven-week low below $125 a barrel on Thursday as United States energy demand was seen reaching a tipping point, sending investors back into Asian stocks for the fourth consecutive day.

JPMorgan Chase profit falls 53 pct on loan losses

JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift.