A plan to lower the cap on federally backed mortgages may hit home buyers particularly hard in several pockets of the country, new data shows. The Federal Housing Finance Agency plans to reduce the maximum size of mortgages backed by Fannie Mae and Freddie Mac this January.
Wounded vets and Boston Marathon bombing survivors met in Boston to share their stories of strength and resilience. Thursday night, they planned to attend the New England Patriots’ home season opener against the New York Jets. (Sept. 13)
The company confidentially filed an S-1 with the SEC. The filing will allow Twitter to go forward with the IPO without exposing its finances.
U.S. Secretary of State John Kerry is rejecting Syrian President Bashar Assad’s suggestion that he begin submitting data on his chemical weapons arsenal one month after signing an international chemical weapons ban. (Sept. 12)
In his first public comments since resigning as CEO from Zurich Insurance, Josef Ackierman said it was unfair to blame him for the suicide of its finance chief Pierre Wauthier, which he called a surprise tragedy. Speaking to reporters in Berlin at the presentation of a biography that depicts him as a hard-driving perfectionist, he said he had barely known the executive who blamed him in a note that he typed before taking his own life last month.
Michael Dell fought Carl Icahn and came out on top. Dell announced that its shareholders had approved its founder’s plan to take the company private, despite overtures of a potentially more lucrative deal proposed by activist investor Carl Icahn.
Retail fee details are out on Verizon Communications Inc’s $12 billion in term loans. A source said the loans consist of a $6 billion, three-year term loan and a $6 billion, five-year term loan. The loans launched at a bank meeting today.
Verizon Communications launched a $49 billion eight-tranche bond that will partly finance its $130 billion buyout of its wireless operations Verizon Wireless from Vodafone, setting a new record for the largest ever corporate bond.
The beginning of the end of the Federal Reserve’s determined support for the U.S. economy is expected to come next week when top officials gather for one of the most highly anticipated meetings since the end of the Great Recession Despite a lackluster August jobs report, the U.S. central bank will probably reduce its bond-buying program from the current $85 billion per month, given the progress the economy has made over the last year.
The U.S. derivatives regulator published a long-awaited discussion paper on computerized trading, a first step to what could become new rules for a sector often blamed for market disruptions. Seeking public comment on more than 100 topics, the Commodity Futures Trading Commission is working closely with the industry as it looks to adapt its rule-book to new technologies such as ultra-fast trading.
