Reuters - Freddie Mac won approvalfrom regulators on Friday to sell the stock needed to overcomemounting losses, and the Wall Street Journal said the mortgagefinance company may seek $10 billion.
Ford to retool U.S. plants for European cars: report (Reuters)
Reuters - Car maker Ford Motor Co isdrawing up plans to retool American plants to make small,fuel-efficient passenger cars that it mainly makes and sells inEurope, the Wall Street Journal reported on Saturday.
Reuters - The government is considering bringingfurther criminal charges in the case involving two former BearStearns executives indicted last month related to the collapseof two hedge funds they oversaw, a federal prosecutor said onFriday.
EU wants co-operation with SEC on rating agencies: report (Reuters)
Reuters - The European Commission wants tocooperate closely with the U.S. Securities and ExchangeCommission (SEC) on the planned regulation of credit ratingagencies, the German financial weekly Euro am Sonntag reported.
AFP - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
Reuters - A judge was right to throw out ajury's securities fraud conviction of a former New York StockExchange floor trader because prosecutors did not prove theircase, a federal appeals court ruled on Friday.
AP - Wal-Mart, the nation's largest retailer, has pledged to buy more produce from local farmers as it kicked off a campaign to highlight the fruits and vegetables grown in Oklahoma and sold in its stores.
