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U.S. markets down slightly Friday morning ... China closes 67,000 factories this year ... Freddie Mac seeks $14 billion bailout ... FDIC has plan of its own for homeowners ... News from United Press International.
United Press International  –  Nov 14, 2008 4:30 PM [GMT]  –  comment?
found in Business
Freddie Mac loses $25B, asks Treasury Department for $13B
Freddie Mac lost more than $25 billion in the third quarter and has asked the Treasury Department for almost $14 billion in equity. (FRE)
Dayton Business Journal  –  Nov 14, 2008 4:10 PM [GMT]  –  comment?
found in Local: Ohio: Dayton
J.C. Penney???s Q3 profit drops
Retailer J.C. Penney Co. says reduced consumer spending and falling mall traffic contributed to the companys third-quarter profit decline. (JCP) Fri, 14 Nov 2008 15:23:46 GMTRetail sales decrease of 2.8% breaks 2001 recordhttp://www.bizjournals.com/ct/rc/30414/www.bizjournals.com/triangle/stories/20 ... more »
Triangle Business Journal  –  Nov 14, 2008 3:54 PM [GMT]  –  comment?
found in Local: North Carolina: Raleigh-Durham
S&P Picks and Pans: Citigroup, Sun Microsystems, Abercrombie & Fitch, RIM, Freddie Mac
Read full story for latest details.
Business Week  –  Nov 14, 2008 3:21 PM [GMT]  –  comment?
found in Business: Investing
Freddie Mac posts over $25 billion loss, eyes cash infusion
As Freddie Mac’s third-quarter loss tops $25 billion, the ailing mortgage giant looks toward a cash infusion of nearly $14 billion due from the Treasury by the end of the month.
MarketWatch.com  –  Nov 14, 2008 3:03 PM [GMT]  –  comment?
found in Business
Freddie seeks government aid after huge loss
Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss.
MSNBC.com  –  Nov 14, 2008 3:01 PM [GMT]  –  comment?
found in Business
Photo from United Press International Freddie Mac seeks $14 billion bailout
WASHINGTON, Nov. 14 (UPI) -- The Federal Home Loan Mortgage Co. said it had requested $14 billion in federal aid after posting third-quarter losses of $25.3 billion.
United Press International  –  Nov 14, 2008 2:47 PM [GMT]  –  comment?
found in Business
Photo from Yahoo! Freddie Mac loses $25.3 billion, seeks US infusion
AFP - Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported Friday a quarterly loss of 25.3 billion dollars as it asked for a fresh capital infusion.
Yahoo!  –  Nov 14, 2008 2:19 PM [GMT]  –  comment?
found in Business: Real Estate
Sun, Freddie Put Pressure on Stocks
U.S. stock futures looked to give back some of the gains from the previous session's huge rally after reports of steep losses at Freddie Mac and Sun's deep job cuts.
Wall Street Journal  –  Nov 14, 2008 1:44 PM [GMT]  –  comment?
found in Business: Markets
Freddie Mac Seeks Government Aid After $25.3B Loss
Freddie Mac has asked the federal government for the first $14 billion due under a federal bailout program after reporting massive losses today, as concern mounted that government efforts to stabilize the mortgage giant and its sister company Fannie Mae are likely to grow far more expensive than...
Washington Post  –  Nov 14, 2008 1:43 PM [GMT]  –  comment?
found in Business