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Obama proposes overhaul of US mortgage system

President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.


Sony Corp shares drop after saying no to Loeb proposal

Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.

Mexicans may wait for a long time before reforms can be felt: economists

Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.

Obama, tech officials met to deliberate about surveillance

According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.


Latest News

The Wall Street Journal reported that Acer would retreat from using Windows and embrace the Android operating system for its mobile devices.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
US District Judge Denise Cote is considering the possibility of restricting Apple from making contracts with publishers for five years.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
ConocoPhillips submitted its application for permits to drill a production well in a new field in the Alaska national reserve.
Philip Falcone's Harbinger Capital filed a lawsuit against Deere & Co and Global Positioning System companies for US$1.9 billion in damages.
The US Court of Appeals grilled Samsung over a patent case ruling that favored the South Korean company.
Zachary Karabell asked if it really matters who the next chairman of the Federal Reserve will be. Zachary Karabell of Reuters posed the question, "Does it really matter who the next chair of the Federal Reserve is?" The query came as President Obama looks for Chairman Ben Bernanke's successor.
Caesars Entertainment decided to sell a golf course it owns in Macau for USD 438 million to Pearl Dynasty Investment, formally ending its wait to be issued a casino operating license.
According to analysts, valuing BlackBerry right now is impossible considering the company's struggles.