Goldman gets boost amid worries on bailout
HONG KONG (Reuters) - Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences amid growing concern the rescue may be delayed, but markets were heartened by news that Warren Buffett was investing $5 billion in Goldman Sachs .
FBI probing Fannie, Freddie, Lehman, AIG: report
WASHINGTON (Reuters) - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc and insurer American International Group Inc and their senior executives for potential mortgage fraud, CNN reported on Tuesday.
Japan's SMFG to invest in Goldman: media
TOKYO (Reuters) - Sumitomo Mitsui Financial Group (SMFG) , Japan's third-largest bank, plans to invest in Goldman Sachs Group Inc , Kyodo news agency reported on Wednesday.
Stocks end down, but futures fly on Buffett's move
NEW YORK (Reuters) - Stocks fell on Tuesday on fear that congressional wrangling could delay a proposed $700 billion plan to rescue the financial sector, increasing worries about the struggling U.S. economy.
Oil near $107; lower U.S. stocks forecast curbs losses
PERTH (Reuters) - Oil edged up toward $107 a barrel on Wednesday, pausing from its 2.5 percent decline a day earlier, as forecast of a drop in U.S. crude stocks more than offset doubts about the U.S. government's financial rescue plan.
Investor group working with AIG to thwart Fed takeover
NEW YORK (Reuters) - American International Group Inc is cooperating with a large investor group working to thwart a government takeover, a lawyer for investors said.
Wal-Mart small grocery stores set for Arizona start
PHOENIX (Reuters) - Wal-Mart Stores Inc plans to open its "Marketside" small-scale grocery stores in the Phoenix, Arizona area on October 4, setting up a showdown with rival Tesco Plc in the market for fresh groceries and prepared foods.
Google rolls out rival to iPhone
By Sinead Carew and Yinka Adegoke NEW YORK (Reuters) - T-Mobile has rolled out Google's answer to the iPhone as the Web search giant makes its biggest stab yet at leaping from consumers' computers into their pockets with a device cheaper than rival Apple offers. The widely-anticipated G1 phone, introduced on Tuesday made by HTC Corp , has a touch-sensitive screen, a computer-like keyboard, Wi-Fi connections and uses Google's new Android operating system. Available in t
Chrysler '08 loss $400 million through Aug: report: report
(Reuters) - U.S. automaker Chrysler LLC on Tuesday told dealers it had lost $400 million so far this year, the Wall Street Journal said.
Buffett to invest $5 billion in Goldman
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will invest $5 billion in Goldman Sachs Group Inc , in a major boost for the Wall Street bank from perhaps the world's best-known investor.
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