Bush, Bernanke launch subprime assault
NEW YORK/LONDON (Reuters) - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance their mortgages.
Ameriquest closes, Citigroup buys mortgage assets
NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.
Bush and Bernanke spur rally on Wall Street
NEW YORK (Reuters) - Stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil.
Gillette's Kilts says do the right thing
CHICAGO (Reuters) - For James Kilts, the former chief executive who engineered the sale of Gillette Co., the important thing in business is taking the right decision.
Honda exec sees 3 percent rise in 2007 U.S. sales
DETROIT (Reuters) - Honda Motor Co Ltd is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence.
U.S. returns to Doha talks with renewed optimism
WASHINGTON (Reuters) - The Bush administration returns to world trade talks next week with renewed optimism, but even the most ardent supporters of the Doha round see formidable hurdles to clinching a deal.
Delphi settles shareholder lawsuits
CHICAGO (Reuters) - Bankrupt auto parts maker Delphi Corp said on Friday it has settled class action lawsuits by shareholders and employees that grew out of financial restatements that were the subject of civil fraud charges the company settled last year.
Anxiety remains even after stock rebound
NEW YORK (Reuters) - Stock markets ended one of the most volatile months in years on an impressive note, but this coming week still won't be any easier for investors as the employment report and housing turmoil remain high on radar screens.
Motorola wins dismissal of some Iridium claims
NEW YORK (Reuters) - A U.S. judge on Friday dismissed some claims brought by unsecured creditors of Iridium against Motorola Inc , saying the market had not been misled about valuation of the failed satellite phone venture.
Inflation in check in July but August outlook weaker
WASHINGTON (Reuters) - Inflation was under control in July and U.S. factories were busier than forecast, according to economic data released on Friday, but other reports showed U.S. consumer sentiment worsened in August and the outlook for economic growth weakened.
Name: SyroBro