http://uk.mobile.reuters.com Copyright 2008 Reuters en-us Mon, 08 Sep 2008 02:31:39 +0100 http://uk.mobile.reuters.com/mobile/images/small/logo.png http://uk.mobile.reuters.com/mobile/m/Category/eUK/CBUSUK?src=RSS-BUSUK http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0527106320080908?src=RSS-BUSUK 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. Mon, 08 Sep 2008 00:48:56 +0000 2008-09-08T004856Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL747744120080907?src=RSS-BUSUK LONDON (Reuters) - Nationwide Building Society, one of Britain's biggest home-loan leaders, said on Sunday that it was in advanced talks over proposed mergers with both the Derbyshire and the Cheshire Building Societies. Sun, 07 Sep 2008 11:12:40 +0000 2008-09-07T111240Z_01_L7477441_RTRUKOC_0_UK-NATIONWIDE.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0737272720080907?src=RSS-BUSUK NEW YORK (Reuters) - Lehman Brothers Holdings Inc <LEH.N> 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. Sun, 07 Sep 2008 21:29:31 +0000 2008-09-07T212931Z_01_N07372727_RTRUKOC_0_UK-LEHMAN-MANAGEMENT.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKMOL55438920080907?src=RSS-BUSUK LONDON (Reuters) - Wm Morrison Supermarkets is set to post a 19 percent rise in first-half underlying profit on Thursday and confirm it is taking market share from bigger rivals as cash-strapped shoppers flock to its lower price stores. Sun, 07 Sep 2008 10:37:31 +0000 2008-09-07T103731Z_01_MOL554389_RTRUKOC_0_UK-MORRISON-RESULTS.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL749431520080907?src=RSS-BUSUK LONDON (Reuters) - Britain's biggest credit card provider Barclaycard is to boost its contactless payment system which it believes will mean the physical plastic credit card will die out in the foreseeable future. Sun, 07 Sep 2008 23:04:28 +0000 2008-09-07T230428Z_01_L7494315_RTRUKOC_0_UK-BARCLAYCARD.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL629011320080906?src=RSS-BUSUK LONDON (Reuters) - The chief executive of home lender, HBOS, warned on Saturday that the credit crunch was likely to last until early 2010. Sat, 06 Sep 2008 20:38:49 +0000 2008-09-06T203849Z_01_L6290113_RTRUKOC_0_UK-BRITAIN-HBOS.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0634776920080907?src=RSS-BUSUK NEW YORK/EVERETT, Washington (Reuters) - Boeing's <BA.N> 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks. Sun, 07 Sep 2008 19:40:59 +0000 2008-09-07T194059Z_01_N06347769_RTRUKOC_0_UK-BOEING.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL629731320080906?src=RSS-BUSUK LONDON (Reuters) - Germany's Media Markt, Europe's biggest electrical goods retailer, has rejected a request from DSG International <DSGI.L> to consider a bid for its closest rival, the Financial Times said on its Web site. Sat, 06 Sep 2008 09:47:08 +0000 2008-09-06T094708Z_01_L6297313_RTRUKOC_0_UK-DSG-MEDIA-MARKT.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0756560320080907?src=RSS-BUSUK NEW YORK (Reuters) - Financial stocks may rise on Monday after the U.S. government took over troubled mortgage companies Fannie Mae and Freddie Mac, but this may be only a temporary reprieve given the long list of woes banks are currently battling. Sun, 07 Sep 2008 21:12:59 +0000 2008-09-07T211325Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-3 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL668228620080906?src=RSS-BUSUK CERNBOBBIO (Reuters) - Alitalia's adviser will soon present its rescue plan for the airline to British Airways, considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper. Sat, 06 Sep 2008 15:29:32 +0000 2008-09-06T152932Z_01_L6682286_RTRUKOC_0_UK-ALITALIA-BRITISHAIRWAYS.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0527106320080907?src=RSS-BUSUK 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 federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence. Sun, 07 Sep 2008 23:25:54 +0000 2008-09-07T232554Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0752393420080907?src=RSS-BUSUK WASHINGTON (Reuters) - The U.S. government on Sunday announced a takeover of the two mortgage giants Fannie Mae and Freddie Mac to help support the ailing U.S. housing market and economy, in what could be the largest financial bailout in the nation's history. Sun, 07 Sep 2008 21:26:20 +0000 2008-09-07T212623Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml-sidebar-9 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0736849820080907?src=RSS-BUSUK NEW YORK (Reuters) - Washington's latest attempt to resuscitate the moribund U.S. mortgage business moves the housing market out of the emergency room and into intensive care but by no means cures the patient. Sun, 07 Sep 2008 20:48:51 +0000 2008-09-07T204853Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-1 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0737516220080907?src=RSS-BUSUK WASHINGTON (Reuters) - Both U.S. presidential candidates Barack Obama and John McCain said on Sunday they see the federal takeover of mortgage finance companies Fannie Mae and Freddie Mac as necessary. Sun, 07 Sep 2008 20:36:28 +0000 2008-09-07T203632Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-2 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKWAT00998720080907?src=RSS-BUSUK WASHINGTON (Reuters) - U.S. President George W. Bush said on Sunday that the troubles at mortgage finance companies Fannie Mae and Freddie Mac posed an "unacceptable risk" to the economy. Sun, 07 Sep 2008 20:36:28 +0000 2008-09-07T203632Z_01_N05271063_RTRUKOC_0_US-FANNIE-FREDDIE.xml-sidebar-4 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0672604420080907?src=RSS-BUSUK The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence. Sun, 07 Sep 2008 20:28:22 +0000 2008-09-07T202827Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml-sidebar-20 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0736762220080907?src=RSS-BUSUK NEW YORK (Reuters) - The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac, in its latest effort to shore up the slumping housing market. Sun, 07 Sep 2008 20:28:22 +0000 2008-09-07T202827Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml-sidebar-17 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKL754499320080907?src=RSS-BUSUK (Reuters) - Boeing Co's <BA.N> 27,000-strong machinists union is on strike, halting commercial airplane production, after last-ditch talks failed to agree to a new labour contract by a deadline of midnight Seattle time on Saturday. Sun, 07 Sep 2008 19:40:55 +0000 2008-09-07T194059Z_01_N06347769_RTRUKOC_0_UK-BOEING.xml-sidebar-1 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0734194520080907?src=RSS-BUSUK WASHINGTON (Reuters) - New chief executives were named for Fannie Mae and Freddie Mac on Sunday under a federal takeover plan to keep the largest U.S. mortgage finance companies from going under. Sun, 07 Sep 2008 19:11:29 +0000 2008-09-07T191157Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml-sidebar-8 http://uk.mobile.reuters.com/mobile/m/FullArticle/eUK/CBUSUK/nbusinessNews_uUKN0737057720080907?src=RSS-BUSUK ALBUQUERQUE, New Mexico (Reuters) - Republican White House candidate John McCain supports a federal takeover of mortgage finance giants Fannie Mae and Freddie Mac but wants eventually privatization, his advisors said. Sun, 07 Sep 2008 19:11:29 +0000 2008-09-07T191157Z_01_N05271063_RTRUKOC_0_UK-FANNIE-FREDDIE.xml-sidebar-18