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• High-flying fund manager under SEC scrutiny(CNN)
Third Point Management, a New York hedge fund run by one of the country's most outspoken and controversial investors, has come under investigation from the Securities and Exchange Commission.
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• Wachovia shares boosted by loan sale(CNN)
Read full story for latest details.
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• News Corp.'s Murdoch rakes in $30M in 2008(CNN)
Read full story for latest details.
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• Bonds rise on cloudy outlook for financial firms(CNN)
Treasury prices rose Wednesday as lingering concerns about the health of the financial services sector spurred demand for the relative safety of government-backed bonds.
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• Dollar climbs as oil dips(CNN)
The dollar climbed against major currencies Wednesday, reversing a 2-day losing streak as a read on Germany's economy continued to show weakness.
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• Fannie bailout? Hold on a second(CNN)
The frenzied trading in shares of Fannie Mae and Freddie Mac seems to assume the government will soon ride to the rescue of the mortgage giants.
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• IndyMac borrowers to get relief(CNN)
The FDIC, six weeks after taking over mortgage lender IndyMac Bank, said Wednesday that it will start systematically modifying some of the bank's most troubled loans to keep borrowers in their homes.
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• Banks rally despite bad news(CNN)
Financial stocks jumped Wednesday, as investors set aside mounting worries about troubled mortgage giants Fannie Mae and Freddie Mae and a bearish report from Goldman Sachs about five key banks.
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• Ericsson and chip-maker in joint venture(CNN)
Read full story for latest details.
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• The only way to fix Social Security(CNN)
John McCain and Barack Obama both talk about how they would put Social Security on sound financial footing.
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• OfficeMax sinks after CFO resignation(CNN)
Read full story for latest details.
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• America's most dangerous jobs(CNN)
Fishing, flying and logging were the three most dangerous jobs in America in 2007. These occupations reported higher death rates than any others, according to a report out Wednesday from the Bureau of Labor Statistics (BLS).
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• FDIC plans for IndyMac home borrowers(CNN)
Read full story for latest details.
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• Listen up! The bond markets are talking(CNN)
Bond prices have rallied lately. And that's both a good thing and bad thing.
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• Qualifying for a student loan(CNN)
The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN's Gerri Willis on how to nab a loan.
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• Oil ends a volatile day slightly higher(CNN)
Oil prices settled higher on Wednesday after a volatile trading day.
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• Stocks fight back(CNN)
Rallying financial and energy stocks pushed Wall Street higher Wednesday, after a choppy session dictated by fluctuating oil prices and fears that Fannie Mae and Freddie Mac are on the brink of a government takeover.
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