Archive for August 6th, 2008


Boston Globe
Boeing Says Bidding Changes Favor European Tanker Team
Wall Street Journal - 3 hours ago
By ANDY PASZTOR Seeking to quickly revive a stalled $40 billion competition for the next generation of aerial-refueling tankers, the Pentagon proposed revised criteria for choosing between Boeing Co.
Pentagon's Reopened Tanker Bids May Favor Northrop Over Boeing Bloomberg
Boeing tanker bid takes hit Seattle Post Intelligencer
CQPolitics.com - Seattle Times - BusinessWeek - Chicago Tribune
all 442 news articles

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Reuters
AIG Posts $5.4 Billion Loss As Housing Woes Continue
Wall Street Journal - 1 hour ago
By LIAM PLEVEN American International Group Inc. reported its third consecutive multibillion-dollar quarterly loss, a $5.4 billion hit that underscores the continuing problems the troubled housing market poses for the insurer.
AIG Falls After Insurer Posts Third Straight Loss on Writedowns Bloomberg
AIG's huge 2Q loss shows credit market woes linger Newsweek
The Associated Press - Forbes - CNNMoney.com - guardian.co.uk
all 228 news articles

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Wall Street Journal
Fannie, Freddie's Right To Lobby Lawmakers Is Questioned
Wall Street Journal - 1 hour ago
By JESSICA HOLZER WASHINGTON — After years of being criticized for their lobbying might, Fannie Mae and Freddie Mac are now defending their right to lobby at all.
Lawmaker Explores Mortgage Giants' Falling Share Prices Washington Post
Misery Mounts at Freddie Mac BusinessWeek
Houston Chronicle - New York Times - Reuters - Bloomberg
all 1,236 news articles

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Earthtimes (press release)
AIG Falls After Insurer Posts Third Straight Loss on Writedowns
Bloomberg - 20 minutes ago
By Hugh Son Aug. 7 (Bloomberg) — American International Group Inc., the world's biggest insurer, fell 7.9 percent in extended trading yesterday after housing-related writedowns wiped out profit for a third straight quarter.
AIG's huge 2Q loss shows credit market woes linger The Associated Press
Three Strikes For AIG Forbes
CNNMoney.com - guardian.co.uk - New York Sun - RTT News
all 203 news articles

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Wall Street Journal
Misery Mounts at Freddie Mac
BusinessWeek - 37 minutes ago
by Ben Levisohn How much is mortgage-finance giant Freddie Mac (FRE) worth? Judging by the stock market, $4.2 billion, its market capitalization at the close of trading on Aug. 6. But the company's update on its second-quarter earnings and financial
Lawmaker Explores Mortgage Giants' Falling Share Prices Washington Post
Freddie Mac Loses $821 Million New York Times
Reuters - Bloomberg - CNNMoney.com - Colorado Springs Gazette
all 1,067 news articles

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Earthtimes (press release)
Three Strikes For AIG
Forbes - 1 hour ago
Analysts were hoping that after two straight quarters of steep housing-related losses, American International Group had turned the quarter.
UPDATE: AIG Swings To 2Q Loss On $11 Billion In Losses, Write Down CNNMoney.com
Insurer AIG posts large loss on bad mortgage bets guardian.co.uk
The Associated Press - New York Times - RTT News - Reuters
all 170 news articles

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ABC News
Freddie Mac Loses $821 Million
New York Times - 1 hour ago
By CHARLES DUHIGG The gloom over the nation’s housing market deepened on Wednesday as Freddie Mac, the big mortgage finance company, reported a gaping quarterly loss and predicted that home prices would fall further than previously projected.
Lawmaker Explores Fannie, Freddie Share Price Drop Washington Post
Freddie Mac's negative net worth raises questions Reuters
Bloomberg - CNNMoney.com - Forbes - Hartford Courant
all 1,024 news articles

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BBC News
Time Warner to split AOL in two, beats estimates
Reuters - 2 hours ago
By Kenneth Li NEW YORK (Reuters) - Time Warner Inc said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could make a sale or merger of either business easier.
Time Warner profit drops 26% MarketWatch
Sex sells, but not enough for Time Warner guardian.co.uk
Washington Post - Bloomberg - Adweek - BBC News
all 397 news articles

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Reuters
Asian Stocks Decline After Profits at AIG, Chuo Mitsui Slump
Bloomberg - 56 minutes ago
By Patrick Rial Aug. 7 (Bloomberg) — Asian stocks fell for the third time this week, led by financial companies after writedowns wiped out American International Group Inc.'s profit for a third quarter.
AIG loses more than $5B on credit market troubles The Associated Press
UPDATE: AIG Swings To 2Q Loss On $11 Billion In Losses, Write Down CNNMoney.com