Yahoo! News: Economy NewsEconomy NewsFannie, Freddie say they have plenty of capital (Reuters)- July 11, 2008 Reuters - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to withstand the housing crisis as government officials scrambled to restore confidence in the country's two largest mortgage finance companies.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080711/bs_nm/fa... Trade deficit ebbs as exports rise to record high (AP)- July 11, 2008 AP - The U.S. trade deficit narrowed in May as exports including industrial supplies and consumer goods climbed to all-time highs.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20080711/ap_on_bi... Washington, Wall St. weigh Fannie, Freddie help (AP)- July 11, 2008 AP - Wall Street and Washington wrestled Friday with how to shore up mortgage giants Fannie Mae and Freddie Mac, two troubled pillars of the economy whose failure would deal a devastating blow to the already crippled housing market.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20080711/ap_on_bi... Fannie and Freddie fears, oil over $147 hit Wall St (Reuters)- July 11, 2008 Reuters - Stocks tumbled on Friday as fears about the stability of the top two home financing providers Fannie Mae and Freddie Mac, combined with oil at a record above $147, clouded the economic outlook.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080711/bs_nm/ma... Paulson-prime focus to support GSEs in "current form" (Reuters)- July 11, 2008 Reuters - Treasury Secretary Henry Paulson said on Friday that his chief aim at present is to back government-sponsored mortgage finance companies Fannie Mae and Freddie Mac in their "current form," giving no sign a government bailout of them was imminent.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080711/bs_nm/fa... Retailer discounts lift some consumer gloom (Reuters)- July 11, 2008 Reuters - Consumer confidence rose unexpectedly in early July from a 28-year low with the help of retail discounts, but the vast majority think the country is in a deepening recession, according to a survey released on Friday.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080711/bs_nm/us... Offset Pump Pain With Cheaper Insurance (The Motley Fool)- July 11, 2008 The Motley Fool - These days, the familiar vacation battle cry carries quite a cost. With average gas prices topping $4 a gallon, staying put seems like the best financial move.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/fool/20080711/bs_foo... Md. city with edgy racial past elects black mayor (AP)- July 11, 2008 AP - This Chesapeake Bay city of idled crab processing plants and costly vacation homes has had a not-too-distant history of racial strife. But when Cambridge elected its first black mayor this week, residents said their worries about joblessness and the economy were foremost on their minds not the race or gender of the winning candidate.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20080711/ap_on_re... Toyota to build Prius in U.S. (Reuters)- July 10, 2008 Reuters - Toyota Motor Corp said on Thursday it would start building its Prius hybrid in the United States in 2010 and suspend production of slow-selling big trucks for three months in a sharp reversal of strategy forced by slumping sales and high gas prices.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080710/us_nm/to... Chevron sees downstream loss in second quarter (Reuters)- July 10, 2008 Reuters - Chevron Corp expects its refining and marketing operations to post a loss in the second quarter, somewhat restraining earnings that will be mostly driven by record oil and natural gas prices, the second-largest U.S. oil company said on Thursday.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080710/bs_nm/ch... |