Asif Suria submits: Our regional banking pick Umpqua Holdings UMPQ held up really well last week while the Dow dropped 2.79% and the S&P 500 gave up 3.16%. The company got another 8% boost today after the government bailout of mortgage giants Fannie FNM and Freddie FRE and the...
LONDON (Reuters UK) - Housebuilder and construction company Berkeley Group Holdings (BKG_u) said sales since the start of May are 50 percent below average, but in line with expectations for the first six months and the year. Berkeley added on Tuesday it is confident of being...
The Congressional Budget Office's assessment of the cost of a bailout of Freddie Mac and Fannie Mae is refreshingly honest, but disconcertingly uncertain. The price could be zero, the price could be $100 billion, but the best-guess expected cost is $25 billion. Here is how the CBO...
By Nicole MaestriNEW YORK (Reuters) - Wal-Mart Stores Inc is cutting prices on popular toys and ramping up the opening of Christmas shops in its U.S. stores as the retailer tries to win sales from cash-strapped shoppers ahead of what could be the worst holiday season in 17 years.Wal-Mart said...
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