WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest bailout ever in a bid to support the U.S. housing market and ward off more global financial market turbulence.
NEW YORK (Reuters) - Lehman Brothers Holdings Inc said on Sunday it has named Eric Felder and Hyung Soon Lee as global co-heads of fixed income, following the departure of current global head Andrew Morton.
NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S. savings and loan, is replacing Chief Executive Kerry Killinger, making him the latest high-profile casualty of the credit crisis, the Wall Street Journal reported on its website on Sunday.
EVERETT, Washington/NEW YORK (Reuters) - Boeing Co's
27,000 machinists prepared for a third day of strike action,
halting production at the plane maker's Seattle-area plants in
protest at Boeing's contract offer and what they see as plans
to shift more jobs to non-union and foreign companies.
SINGAPORE (Reuters) - Shares in Asian banks soared on Monday after the U.S. government took over Fannie Mae and Freddie Mac , reassuring investors worried about exposure to the troubled mortgage giants' bonds and the value of other risky debt assets.
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