Reuters - Freddie Mac, the U.S. mortgage finance giant, on Thursday said it paid $1.3 million in retention bonuses to three executives in late 2008 and so far this year, including a full payout of the award promised to its acting chief financial officer before his shocking death, according to a Securities and Exchange Commission […]
AP - Among the people President Barack Obama is likely to consider to replace Justice David Souter:
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AP - Freddie Mac is paying out more than $700,000 to the family of David Kellermann, the mortgage finance company’s former acting chief financial officer who died last week in an apparent suicide, the company disclosed Thursday.
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AP - After 18 years in a city he loved to hate, Justice David H. Souter can finally bid Washington farewell.
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Reuters - Switzerland urged a U.S. court on Thursday to reject demands by U.S. tax authorities for information about U.S. clients of UBS AG, saying disclosure would violate its sovereignty and international law.
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AP - Under the World Health Organization’s alert system on a developing flu pandemic, phase 6 is the highest level. At the moment, the world has risen to phase 5 from phase 3 since the outbreak of swine flu in Mexico last week. Here’s what the phases mean:
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AP - President Barack Obama says he wants Congress to send him a bill by Memorial Day to save billions of dollars by overhauling the process for buying military weapons systems.
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Politico - NPR and MSNBC both report Souter’s retirement, but only after a successor is chosen and confirmed.
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Reuters - Bank of America Corp’s board is not planning to remove Chief Executive Kenneth Lewis after he was ousted as chairman under shareholder pressure, the Wall Street Journal reported on its website on Thursday.
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AP - A suspicious surge in trading of Schering-Plough Corp. shares just before news of its merger deal with fellow drugmaker Merck & Co. is being investigated by federal regulators, according to a published report.
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