anthonycarlson writes: The second wintry storm in two weeks to hit the normally balmy south US has encrusted highways, trees and power lines in ice , knocking out electricity to nearly a half-million homes and businesses.
anthonycarlson writes: Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million (183.3 million pounds) in collateral to the hedge fund, a divided New York state appeals court ruled on Thursday.
anthonycarlson writes: The U.S. Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.
anthonycarlson writes: Obama will propose eliminating mortgage finance entities Fannie Mae and Freddie Mac over time, replacing them with a system in which the private market buys home loans from lenders and repackages them as securities for investors, senior administration officials said. The mortgage securitization process is deemed essential to the smooth flow of capital to housing markets and the availability of credit. Link to Original Source
anthonycarlson writes: MANCHESTER (AFP) — Australia skipper Michael Clarke and batsman David Warner took out their frustrations on the umpires as well as England's over-rate Sunday as their Ashes dreams were left on a knife-edge.