Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.
Legal & Regulatory
Government shutdown seen as temporary
Stock market indices rose and long term instruments fell as the market responded to the first government shutdown in 17 years.
Mobility gets creditor protection as it prepares for buyout
Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.
Google's acquisition of Waze hurdle regulatory authorities scrutiny
Google was advised by the Federal Trade Commission that it would not object to the search engine's acquisition of mapping app firm Waze.
Activision Blizzard's moves to repurchase its shares face legal stumbling blocks
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
Latest News
Wells Fargo & Co. said last Monday that it would pay USD780 million in cash to Freddie Mac to settle all repurchased home loans liabilities.
Two hours prior to a midnight deadline to avert a US federal shutdown, US stocks closer lower on Monday.
Kevin Dowd pleaded guilty against an insider trading case filed against him in a US District Court in New Jersey.
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
The Blackstar Group said it would be fighting the court proceedings initiated by Shoprite Holdings to reverse its stock trades in Zambia.
As the US Capitol registered no activity on the possibility of a government shutdown, a report outlined some possible financial effects if it finally occurred.
A National Journal report said the US government would be headed for a shutdown if the two houses of Congress still won't come to an agreement on Obamacare.
According to a spokesperson for Tata Sons, the group had comprehensively addressed all questions from all probing government agencies regarding the 2007 deal between Tata and Unitech.
The US Congress had one more day left before ending the budget stalemate as risks were dramatically increased in the first US government shutdown.
