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  1. Fannie May reports $29B quarterly loss as mortgage defaults swell (MSN Money Canada)
    WASHINGTON - Government-controlled mortgage finance company Fannie Mae said Monday it lost $29 billion in the third quarter as it took a massive tax-related charge and saw mortgage defaults continue to rise.
  2. CBA first bank to cut mortgage rates - News.com.au
    CBA cuts standard variable rate by 58 basis points RBA cut rates by 75 basis points to 5.75 per cent In-depth : Latest interest rates news and features COMMONWEALTH Bank of Australia (CBA) has become the first major bank to cut its variable home loan ...
  3. Election over, Obama looks ahead to tasks of new job (USA Today)
    Barack Obama, still basking in euphoria at home and abroad over his stunning election as the 44th U.S. president, faced the more mundane task Wednesday of putting together a new administration and dealing with the twin problems of war and financial crisis.
  4. Lowe's, Target Say Third-Quarter Profit Fell on Spending Slump - Bloomberg
    Lowe's, Target Say Third-Quarter Profit Fell on Spending Slump Bloomberg - 6 hours ago Revenue, including credit - card income, rose 1.9 percent to $15.1 billion. Target's sales at stores open at least a year dropped 3.3 percent in the quarter, ...
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