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IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg - 2 hours ago By Ari Levy and David Mildenberg July 12 (Bloomberg) — IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by US regulators after a run by depositors left the California mortgage lender short on cash. Regulators swoop in to take over troubled IndyMac Bank Austin American-Statesman Feds shuts down IndyMac Bank, two ATL centers impacted Bizjournals.com CNNMoney.com - Reuters - Bloomberg all 690 news articles

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Financial Post

Toyota Scales Back Production of Big Vehicles New York Times - Jul 11, 2008 By BILL VLASIC and NICK BUNKLEY DETROIT - Toyota acknowledged Thursday that, like its rival automakers in Detroit, it misjudged the drastic swing in the American market away from larger vehicles. Toyota ramps up Prius, stalls truck production MarketWatch Toyota plant halt includes 'silver lining' BusinessWeek Bloomberg - Washington Post - guardian.co.uk - Detroit Free Press all 1,190 news articles

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BBC News

InBev Raises Its Offer for Anheuser-Busch New York Times - Jul 11, 2008 By MICHAEL J. de la MERCED Shares of Anheuser-Busch and the Belgian brewer InBev climbed sharply on Friday as the two began friendly talks to create the world’s largest brewer in a deal for about $50 billion. Friendly Anheuser-Busch, InBev deal near: reports MarketWatch WSJ: InBev Ups Takeover Offer for Anheuser-Busch FOXBusiness BusinessWeek - Forbes - St. Louis Post-Dispatch - Houston Chronicle all 2,062 news articles

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Boston Globe

Key US mortgage lender goes bust BBC News - 4 hours ago One of the largest US mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. Video: Fears Grow Over Mortgage Giants AssociatedPress Fannie and Freddie fears, oil over $147 hit Wall St Reuters Lower Hudson Journal news - Salt Lake Tribune - guardian.co.uk - New York Times all 2,672 news articles

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Boston Globe

US seizes IndyMac as financial troubles spread Reuters - 1 hour ago By John Poirier and Rachelle Younglai WASHINGTON (Reuters) - US banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in US history. Government shuts down mortgage lender IndyMac The Associated Press Banking regulators close IndyMac CNN MarketWatch - Bloomberg - Bizjournals.com - AFP all 628 news articles

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ABC News

How Fallout Could Affect Main Street New York Times - 1 hour ago By RON LIEBER The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is a worse idea than it was seven days ago or whether to take down the “for sale” sign in the yard … Video: Fears Grow Over Mortgage Giants AssociatedPress Fannie, Fed chief and data to rule stocks Reuters FOXBusiness - MarketWatch - Forbes - Kansas City Star all 3,365 news articles

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Telegraph.co.uk

Fannie, Freddie Turmoil May Hike Rates, Slow Recovery (Update1) Bloomberg - 1 hour ago By Kathleen M. Howley July 11 (Bloomberg) — A failure or government bailout of Fannie Mae and Freddie Mac could push mortgage rates above 7 percent for the first time in six years and delay a recovery in the US housing market. Video: Fears Grow Over Mortgage Giants AssociatedPress Fannie, Fed chief and data to rule stocks Reuters CNNMoney.com - MarketWatch - Forbes - guardian.co.uk all 3,135 news articles

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BBC News

Anheuser drops takeover opposition Financial Times - 3 hours ago By Julie MacIntosh in New York Anheuser-Busch last night dropped its opposition to a takeover by InBev, paving the way for a deal to create the world's largest brewer within a matter of days. AB said to agree to friendly talks with InBev St. Louis Post-Dispatch InBev Boosts Offer for Anheuser-Busch Wall Street Journal MarketWatch - guardian.co.uk - Motley Fool - New York Times all 2,357 news articles

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