| U.S. to take control of Fannie and Freddie: reports
(Reuters)
 Reuters - The U.S. government plans
to put government sponsored mortgage finance companies Fannie
Mae and Freddie Mac under federal control, the
New York Times and Washington Post newspapers reported late
Friday, in what could be the largest financial bailout in the
nation's history.
| Boeing machinists walk off the job as talks fail
(Reuters)
 Reuters - Boeing Co's
27,000-strong machinists' union walked off the job on Saturday
after the plane maker failed to improve its contract offer
following two days of emergency talks.
| Alitalia adviser to meet BA on rescue plan: report
(Reuters)
 Reuters - Alitalia's (AZPIa.MI) adviser will
soon present its rescue plan for the airline to British Airways
, considered by Italy as a possible foreign partner for
the bankrupt airline, an executive told a newspaper.
| Greenberg could pay fine of up to $100 million: report
(Reuters)
 Reuters - Maurice "Hank" Greenberg, the former
CEO of American International Group Inc , could face a
fine of up to $100 million to settle three-year-old civil fraud
charges brought by New York's attorney general, according to
business news channel CNBC on Friday.
| GE gets "Wells notice" in SEC accounting probe
(Reuters)
Reuters - General Electric Co said on
Friday it had been notified by U.S. regulators that a civil
complaint could be filed against the company following a more
than three-year-long probe into its use of hedge accounting for
derivatives and other accounting matters. |
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