• Some Investors Say US Bailout of Housing Giants Is Inevitable – New York Times


    St. Louis Post-Dispatch
    Some Investors Say US Bailout of Housing Giants Is Inevitable
    New York Times - 1 hour ago
    By CHARLES DUHIGG and VIKAS BAJAJ Financial conditions are continuing to worsen at Fannie Mae and Freddie Mac, leading some investors to prepare for a government bailout of the housing giants even as the Treasury Department and the companies say such …
    Consumers feel fallout from Fannie, Freddie CNNMoney.com
    Pressure intensifies as Freddie, Fannie slide further MarketWatch
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    General Dynamics to Boost Gulfstream With Jet Aviation Purchase – Washington Post


    Turkish Press
    General Dynamics to Boost Gulfstream With Jet Aviation Purchase
    Washington Post - 1 hour ago
    By Dana Hedgpeth General Dynamics, a Falls Church defense contractor, said yesterday that it will buy a Switzerland-based aircraft service provider for about .25 billion in cash, a deal aimed at boosting its Gulfstream jet business.
    Permira lifts investors with Jet Aviation sale Financial Times
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    Leader of the Carlyle Group to Leave Post in September – New York Times


    Reuters
    Leader of the Carlyle Group to Leave Post in September
    New York Times - 1 hour ago
    By MICHAEL J. de la MERCED The Carlyle Group said on Tuesday that Louis V. Gerstner Jr., the former IBM chief who became the private equity firm’s chairman five years ago, would step down from that post on Sept.
    Carlyle Chairman Gerstner to retire Reuters
    Carlyle Group's Louis Gerstner to Retire as Chairman (Update1) Bloomberg
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    Hollywood agency, TV writers settles age bias suit – Reuters

    Hollywood agency, TV writers settles age bias suit
    Reuters - 2 hours ago
    By Steve Gorman LOS ANGELES (Reuters) – The Hollywood talent agency International Creative Management agreed on Tuesday to pay .5 million to settle an age-discrimination suit brought by TV writers, the first of 23 such class-action cases to be …
    Talent agency International Creative Management to settle writers … Los Angeles Times
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    Discounters Struggle, and So Does the High End – New York Times


    Telegraph.co.uk
    Discounters Struggle, and So Does the High End
    New York Times - 2 hours ago
    By REUTERS Saks posted a wider-than-expected quarterly loss on Tuesday and Target said profit fell 8 percent as the sluggish economy hurt luxury and discount retailers alike.
    Saks shares drop 8 percent after wider 2Q loss Forbes
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    Intel cites US education 'crisis' – BBC News


    BBC News
    Intel cites US education 'crisis'
    BBC News - 2 hours ago
    By Maggie Shiels The chairman of the world's biggest computer chipmaker has said the US "education system is in crisis and failing the youth of today".
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    Fed officials say must be ready to curb inflation

    ASPEN, Colo. (Reuters) – The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed.

    Carlyle Chairman Gerstner to retire

    NEW YORK (Reuters) – Carlyle Group , one of the world’s largest private equity firms, said on Tuesday Chairman Louis Gerstner will retire and become a senior adviser to the company’s buyout funds.

    Inflation pressures mount as home building slows

    WASHINGTON (Reuters) – U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold homes, government data showed on Tuesday.

    HP results top Street despite stronger dollar

    SAN FRANCISCO (Reuters) – Hewlett-Packard Co results beat Wall Street targets as net profit rose 14 percent, subduing fears that slowing economies and a stronger dollar would weaken the world’s biggest computer and printer maker and its rivals.

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