http://fininformer.com All business news Sun, 07 Sep 2008 21:30:26 +0000 http://backend.userland.com/rss092 en The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence. Officials were concerned mounting losses at ... http://fininformer.com/government-takes-over-fannie-mae-freddie-mac/ The commodities bubble appears to have popped, but keep the champagne on ice. Food and energy prices are coming down in part because of a global growth slowdown that could also cool the red hot U.S. export sector - the major bright spot in an economy still struggling ... http://fininformer.com/why-cheaper-oil-signals-trouble/ Individuals and businesses located in areas of Louisiana affected by Hurricane Gustav will get more time to pay their taxes, the Internal Revenue Service said Wednesday.The agency said it is postponing until Jan. 5, 2009 deadlines for taxpayers who reside in or have a business in the disaster ... http://fininformer.com/gustav-victims-get-more-time-to-pay-taxes/ Doug Keller is old enough to be a grandfather. He remembers Hurricane Betsy in 1965, Camille four years later, and Katrina and Rita, of course, just three years ago. But Gustav is the first storm he's ever run away from. I reached him by phone in Marble Falls, ... http://fininformer.com/gustav-the-aftermath/ Oil futures on Tuesday tumbled to levels not seen since early April on a strengthening dollar and concerns that an economic slowdown has crippled demand for energy.U.S. crude futures for October delivery dropped $5.75 a barrel to settle $109.71. It was the lowest oil has settled since April ... http://fininformer.com/oil-plunges-to-near-5-month-low/ Hurricane Gustav could inflict as much as $10 billion in damage, making it one of the costliest storms in U.S. history.Risk modeling firm Eqecat Inc. estimated that Gustav, which steadily moved across the Gulf of Mexico before finally making landfall Monday morning in Louisiana, could cost the insurance ... http://fininformer.com/gustav-damage-could-reach-10-billion/ Alcatel-Lucent named its new leadership on Tuesday, handing the task of turning round the ailing Franco-U.S. telecoms equipment group to former British Telecoms Chief Executive Ben Verwaayen and French business grandee Philippe Camus. The world's biggest provider of fixed-line telecoms networks has seen its market value drop more ... http://fininformer.com/alcatel-lucent-names-new-ceo-chairman/ A rock-bottom price just isn't enough for buyers these days - it's a starting point. If the furnace is out of date, they'll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced. All at the seller's expense.Buyers are in the ... http://fininformer.com/homebuyers-turn-screws-on-desperate-sellers/ Payrolls in the U.S. probably fell in August for an eighth month and manufacturing stalled, signaling growth faltered, economists said before reports this week. Employers probably cut 75,000 jobs this month, according to the median estimate in a Bloomberg News survey ahead of a Labor Department report ... http://fininformer.com/payrolls-probably-fell-factories-stalled-us-economy-preview/ With Tropical Storm Gustav setting its sights on the Gulf of Mexico, oil facilities in the region are facing their first major threat since 2005, when Hurricanes Rita and Katrina knocked out nearly every barrel of oil production and sent prices soaring to then-record levels.But this time around, ... http://fininformer.com/gulf-oil-braces-for-gustav/