http://mobile.reuters.com Copyright 2008 Reuters en-us Mon, 08 Sep 2008 05:45:22 -0400 http://mobile.reuters.com/mobile/images/small/logo.png http://mobile.reuters.com/mobile/m/Category/CBUS?src=RSS-BUS http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0527106320080908?src=RSS-BUS TOKYO/BASEL (Reuters) - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors had no illusions the bailout would end the global credit market misery. Mon, 08 Sep 2008 09:21:58 +0000 2008-09-08T092158Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSBNG23930220080908?src=RSS-BUS (Reuters) - Cigarette maker Altria Group Inc has agreed to buy Skoal and Copenhagen smokeless tobacco maker UST Inc for about $10.3 billion in cash, the Wall Street Journal said, citing people familiar with the matter. Mon, 08 Sep 2008 08:56:51 +0000 2008-09-08T085651Z_01_BNG239302_RTRUKOC_0_US-UST.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0529451820080908?src=RSS-BUS EVERETT, Washington/NEW YORK (Reuters) - Boeing Co's <BA.N> 27,000 machinists prepared for a third day of strike action, halting production at the plane maker's Seattle-area plants in protest at Boeing's contract offer and what they see as plans to shift more jobs to non-union and foreign companies. Mon, 08 Sep 2008 05:39:31 +0000 2008-09-08T053931Z_01_N05294518_RTRUKOC_0_US-BOEING.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSSYD29729020080908?src=RSS-BUS PERTH/LONDON (Reuters) - Origin Energy Ltd <ORG.AX>, fending off an $11 billion hostile bid from Britain's BG Group Plc <BG.L>, is to spin off its coalbed methane assets into a joint venture with U.S. oil major ConocoPhillips <COP.N>. Mon, 08 Sep 2008 08:44:03 +0000 2008-09-08T084403Z_01_SYD297290_RTRUKOC_0_US-ORIGIN.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSRAT00400820080908?src=RSS-BUS ROME (Reuters) - Russia aims to corner energy markets, a senior U.S. official said on Monday as Vice-President Dick Cheney arrived in Italy during a tour that has taken in eastern European states which are important transit routes. Mon, 08 Sep 2008 08:20:18 +0000 2008-09-08T082018Z_01_RAT004008_RTRUKOC_0_US-ENERGY-RUSSIA-US.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL869185220080908?src=RSS-BUS LONDON (Reuters) - Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers. Mon, 08 Sep 2008 09:38:03 +0000 2008-09-08T093803Z_01_L8691852_RTRUKOC_0_US-FANNIE-FREDDIE-PAULSON.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSPEK21188620080908?src=RSS-BUS BEIJING (Reuters) - The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday. Mon, 08 Sep 2008 09:21:49 +0000 2008-09-08T092158Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-18 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSBNG424220080908?src=RSS-BUS (Reuters) - Universal Pictures has agreed to back rollout of digital cinema equipment in U.S. theaters, people familiar with the matter told the Wall Street Journal. Mon, 08 Sep 2008 06:35:32 +0000 2008-09-08T063532Z_01_BNG4242_RTRIDST_0_INDUSTRY-UNIVERSALPICTURES-DC.XML http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0838971720080908?src=RSS-BUS WASHINGTON (Reuters) - Amicable talks between Fannie Mae and Freddie Mac and the U.S. mortgage finance companies' regulator about an aid package ended abruptly as policy-makers resolved in recent days to seize the firms, industry sources with knowledge of the events said. Mon, 08 Sep 2008 07:49:41 +0000 2008-09-08T074946Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-10 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL267843520080908?src=RSS-BUS (REUTERS) - Stock index futures pointed to a jump on Wall Street on Monday after the government seized control of major mortgage firms Fannie Mae <FNM.N> and Freddie Mac <FRE.N>. Mon, 08 Sep 2008 09:18:54 +0000 2008-09-08T091854Z_01_L2678435_RTRUKOC_0_US-MARKETS-STOCKS.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL866630220080908?src=RSS-BUS LONDON (Reuters) - The cost of insuring U.S. government debt against default rose on Monday after the bailout of U.S. mortgage giant Fannie Mae and Freddie Mac, a trader said. Mon, 08 Sep 2008 08:33:29 +0000 2008-09-08T083332Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-16 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSL722941620080908?src=RSS-BUS LONDON (Reuters) - Royal Bank of Canada <RY.TO> <RY.N> considered buying Lehman Brothers in July, but decided against the move because it doubted the U.S. bank's ability to shore up its balance sheet, the Financial Times reported on Monday. Mon, 08 Sep 2008 07:38:03 +0000 2008-09-08T073803Z_01_L7229416_RTRUKOC_0_US-LEHMAN-RBC.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSSP30667920080908?src=RSS-BUS SINGAPORE/LONDON (Reuters) - Asian and European bank shares soared on Monday after the U.S. government took control of mortgage finance firms Fannie Mae <FNM.N> and Freddie Mac <FRE.N> in a bid to revive confidence in banks and the housing market. Mon, 08 Sep 2008 08:38:30 +0000 2008-09-08T083830Z_01_SP306679_RTRUKOC_0_US-FANNIE-FREDDIE-BANKS-STOCKS.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0738659620080908?src=RSS-BUS NEW YORK (Reuters) - U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion. Mon, 08 Sep 2008 04:37:07 +0000 2008-09-08T043707Z_01_N07386596_RTRUKOC_0_US-FAIRFIELD-BBH.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0764213720080908?src=RSS-BUS NEW YORK (Reuters) - A vast $8 trillion portion of the U.S. credit markets is expecting a big jolt this week after investors in mortgage-related debt on Sunday found a new heavyweight by their side -- the U.S. government. Mon, 08 Sep 2008 04:29:44 +0000 2008-09-08T042949Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-6 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSWEN782220080908?src=RSS-BUS NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S. savings and loan, is replacing Chief Executive Kerry Killinger, making him the latest high-profile casualty of the credit crisis, the Wall Street Journal reported on its website on Sunday. Mon, 08 Sep 2008 02:52:15 +0000 2008-09-08T025215Z_01_WEN7822_RTRUKOC_0_US-WASHINGTONMUTUAL-CEO.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUST14048520080908?src=RSS-BUS LONDON (Reuters) - Oil rose on Monday as Hurricane Ike spun towards the U.S. oil hub in the Gulf of Mexico while traders awaited OPEC's decision this week on output policy. Mon, 08 Sep 2008 09:25:18 +0000 2008-09-08T092518Z_01_T140485_RTRUKOC_0_US-MARKETS-OIL.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0348095720080908?src=RSS-BUS (Reuters) - Oil companies continued their efforts to restart refineries and offshore oil fields on Friday in a slow recovery from Hurricane Gustav. Mon, 08 Sep 2008 01:35:37 +0000 2008-09-08T013551Z_01_T140485_RTRUKOC_0_US-MARKETS-OIL.xml-sidebar-4 http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0737470020080908?src=RSS-BUS LOS ANGELES (Reuters) - The Association of National Advertisers sent a letter objecting to the proposed Internet search advertising partnership between Yahoo Inc and Google Inc to government regulators reviewing the deal, the group said on Sunday. Mon, 08 Sep 2008 01:03:40 +0000 2008-09-08T010340Z_01_N07374700_RTRUKOC_0_US-ADVERTISERS-YAHOO.xml http://mobile.reuters.com/mobile/m/FullArticle/CBUS/nbusinessNews_uUSN0738093820080908?src=RSS-BUS NEW YORK (Reuters) - Paulson & Co, a prominent New York hedge fund, will weigh buying shares or convertible bonds in banks and other financial institutions that need capital, the Financial Times reported on its website on Sunday. Mon, 08 Sep 2008 00:43:11 +0000 2008-09-08T004311Z_01_N07380938_RTRUKOC_0_US-PAULSON-BANKS.xml