WASHINGTON (Reuters) - The Treasury Department and mortgage industry leaders are putting the final touches on a plan that could save struggling homeowners from foreclosure by freezing interest rates before they reset sharply higher.
WASHINGTON (Reuters) - The Federal Reserve would not hesitate to act to prevent financial strains from damaging the economy and any steps it does take are not made to shield investors, a top Fed official said on Friday.
HONG KONG (Reuters) - Godiva Chocolatier is recalling Christmas chocolates in Asia and Europe after metal fragments were found in some of its products in Japan, an executive from the company said on Saturday.
TAIPEI (Reuters) - Citigroup said on Saturday it sees strong growth in its Taiwan banking business in 2008 after it completed a $427 million acquisition of a local lender.
ANCHORAGE, Alaska (Reuters) - Five companies, partnerships and entities have submitted proposals to build a massive pipeline from Alaska's North Slope to bring the region's vast but long-languishing natural gas reserves to markets thousands of miles away, state officials announced late on Friday.
NEW YORK (Reuters) - Builder Lennar Corp said on Friday it formed an investment venture with Morgan Stanley Real Estate and sold the venture $525 million in properties.
NEW YORK (Reuters) - Illiquid assets in a portfolio investing the cash of eBay Inc customers surged 39 percent in the third quarter, exposing them to a larger chunk of troubled corporate debt, U.S. regulatory filings show.
NEW YORK (Reuters) - The Dow and S&P 500 rose on Friday, capping a dismal November with a four-day rally, as financial stocks rallied on optimism over a proposed rescue for struggling homeowners and on heightened expectations for more interest-rate cuts.
