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Fannie and Freddie shares hit 18-year low (Reuters)

admin — Wed, 20 Aug 2008 11:08:00 +0000

Reuters - Shares of Fannie Mae and Freddie Mac dove to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out shareholders of the two U.S. housing finance giants.

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EBay lowering fixed-price sellers’ listing fees (Reuters)

admin — Tue, 19 Aug 2008 23:08:41 +0000

Reuters - EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company’s boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors.

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Asia stocks rebound on hopes for China boost (Reuters)

admin — Tue, 19 Aug 2008 21:08:49 +0000

Reuters - Most Asian stock markets edged higher on Wednesday, rebounding from a two-year low as Chinese shares surged on hopes for policies from Beijing to jumpstart growth, though many analysts said it was a long shot.

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McCain, Obama to silence critical ads on Sept. 11 (AP)

admin — Tue, 19 Aug 2008 21:08:36 +0000

AP - Presidential contenders Barack Obama and John McCain plan to pull ads on Sept. 11 that criticize each other, a respite from the political fray to honor the anniversary of the 2001 terrorist attacks.

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Out with EDGAR, in with IDEA; SEC’s new system (Reuters)

admin — Tue, 19 Aug 2008 21:08:23 +0000

Reuters - EDGAR, the computer database for filing documents with the U.S. Securities and Exchange Commission, is giving way to a new system that aims to let investors more easily analyze corporate reports and other financial information.

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LandCap JV to buy Wachovia loans: report (Reuters)

admin — Tue, 19 Aug 2008 20:08:43 +0000

Reuters - A joint venture created by LandCap Partners is buying $40 million of troubled land and construction loans from Wachovia Corp The Wall Street Journal said.

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U.S. gymnast Johnson gets gold on beam

admin — Tue, 19 Aug 2008 15:08:08 +0000

Shawn Johnson of the United States won an Olympic gold medal in the last event of the women’s competition Tuesday night, the balance beam.Johnson nailed a routine that was full of difficult tricks, earning a 16.225. The world champion, who already had a silver behind fellow American Nastia Liukin in the all-around, and a silver on floor and in the team event, edged Liukin, who finished with a gold, three silvers and a bronze.

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NASA fixes moonship shaking with shock absorbers (AP)

admin — Tue, 19 Aug 2008 16:08:42 +0000

AP - A space-age version of the rusty springs under old pickup trucks will help NASA fix the most pressing technical problem with its high-tech new rocket to send astronauts back to the moon.

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Afternoon Fix: A Tired Feud; Plus, Brad-Jen Dreams! (E! Online)

admin — Tue, 19 Aug 2008 17:08:38 +0000

E! Online - • Jon Voight and Roseanne Barr are worse than Rosie O’Donnell and Donald Trump. J.Vo responded to R.Bo’s angry blog post by calling her “sick of the mind.” Either settle this with a reality show or please just stop, OK?

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China’s Olympic ceremony features sacrifices (AP)

admin — Tue, 19 Aug 2008 15:08:59 +0000

AP - Martial arts student Cheng Jianghua only saw the army barracks he stayed in and the stadium where he performed at the spectacular Olympics opening ceremony. But his sacrifices were minor other performers were injured, fainted from heatstroke or forced to wear adult diapers so the show could go on.

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