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| FT.com - Companies US & Canada
FT.com - Companies US & Canada
Shares in Fannie Mae and Freddie Mac fell amid concerns foreign investors were reassessing their exposure to the troubled US mortgage financiers' bonds and guaranteed securities
Microsoft is buying the parent company of Ciao.com, an online price comparison and product reviews site, as it seeks to improve its European search offering to compete with Google
Bank of China has cut its portfolio of securities issued or guaranteed by troubled US mortgage financiers Fannie Mae and Freddie Mac by a quarter since the end of June
Merrill Lynch's losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to Financial Times research that highlights the extent of the global banking crisis
The US oil and gas industry began to shut down production in the Gulf of Mexico after forecasters predicted that tropical storm Gustav would be a hurricane when it hit the region
World's second-biggest personal computer maker warns that the US slowdown in IT spending has begun to spread to Europe and parts of Asia
US jeweller, Tiffany, suggested more evidence that the economic slowdown in the US was affecting affluent shoppers, with new weakness in US demand for 'statement' jewellery pieces priced above $50,000
Zoom Airlines, the low-cost carrier operating between North America and Europe, sought protection from creditors in Canada and the UK after several of its aircraft were detained for non-payment of leasing and other fees
JPMorgan has hired Kalpana Morparia, one of India's most senior domestic bankers, to run its operations in the country
Fannie Mae, the US government-sponsored mortgage financier, unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses
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