The Treasury Department is close to finalizing plans for beleaguered mortgage buyers Freddie Mac and Fannie Mae, according to a report published Friday afternoon.

NEW YORK/EVERETT, Washington (Reuters) - Boeing Co's 27,000-strong machinists' union declared it will strike at midnight Pacific time on Friday, as the plane maker failed to improve its contract offer after two days of emergency talks.

Samsung Electronics Co., the world's largest producer of flash-memory chips, said Friday it is considering buying U.S. chipmaker SanDisk Corp., but added that a decision has not yet been made.

Time was running out Friday for Boeing Co. and its machinist union to hammer out a labor contract before midnight and avoid a debilitating strike.

NEW YORK (Reuters) - Citigroup could sell its Primerica financial services unit and its First American banking subsidiary in Texas as the bank continues to restructure its business, Ladenburg Thalmann analyst Richard Bove said in a research note.

The computer manufacturer is selling factories to cut costs and pad its bottom line.

WASHINGTON (Reuters) - The U.S. government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.

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NEW YORK (Reuters) - The New York Times Co plans to consolidate some sections in the metropolitan edition of its namesake newspaper to reduce costs, the publisher said on Friday.

NEW YORK (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.

The memory chipmaker may purchase SanDisk to take market share away from Toshiba.

General Electric said Friday it has been notified that the Securities and Exchange Commission may recommend fines and other action ...

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NEW YORK (Reuters) - Continental Airlines Inc said on Friday it will charge a $15 service fee for a first checked bag for certain customers who buy economy-class tickets.

The South Korean maker of memory chips admitted it might buy the U.S. flash memory specialist.

U.S. stock market futures extended losses Friday after a bigger-than-expected decline in August nonfarm payrolls and a sharp jump in the unemployment rate, with a downgrade of Merrill Lynch adding to the pessimistic mood.

NEW YORK (Reuters) - Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.

Shares of National Semiconductor Corp. fall nearly 6% before staging a partial recovery, as investors react to results showing the chipmaker with a lower first-quarter profit and to a weaker-than-expected sales outlook.

(Reuters) - Merrill Lynch & Co , battered by more than $40 billion of write-downs tied largely to mortgages, will likely incur fresh write-downs, in addition to those assumed after its recent sale of repackaged debt to Lone Star Funds, said an analyst at Goldman Sachs, who...

On Feb. 21, 2008, Mitchell Berns heard every flier's two least favorite words: weather related. Citing snow, Delta Airlines was canceling his flight from Las Vegas to New York City and rescheduling him for a redeye connecting in Boston. With 47% of all delays so far in 2008...

The major indices rally off their lows but remainin the red as oil ticks lower and investors weigh a surprise jump in the August unemployment rate.

The company is losing market share, and investors are losing faith.

Treasurys advanced early Friday, sending yields to the lowest since mid-April, after a Labor Department report said the economy shed more jobs than expected in August.

(Reuters) - Pacific Investment Management Co, the manager of the world's biggest bond fund, named Mohamed El-Erian as its chief executive to replace Bill Thompson, who will retire at the end of the year.

Technology stocks were mostly in the red Friday as the sector continued with its week-long decline, but memory chipmaker SanDisk Corp. bucked the losing trend following a report that it could be an acquisition target.

It took six months and hundreds of resumes, but Josh Hager has finally landed a job.

(Reuters) - Dell Inc is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said.

BOSTON (MarketWatch) -- If it's good enough for Warren Buffett, it should be good enough for you. Or at least it should be if you are looking for an international stock that you can buy and hold for the long term, say from the time you get out of college till you retire.

The Republican presidential candidate vows to fight for the future of America and return his party back to its values of freedom and small government.

BOSTON (Reuters) - A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar with the matter said on Friday.

Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.

Airline shares were stagnant Friday after a U.S. report showed the country's unemployment rate jumped to a five-year high of 6.1%.

Dell Inc. reportedly might sell most or all of its factories as part of a strategy to cut costs and overhaul its production model.

HELSINKI (Reuters) - The world's top mobile phone maker Nokia warned on Friday that the soft global economy, tough competition from rivals and a weak handset portfolio would hit its market share in the third quarter.

Brits may love their bitter ales and strong lagers, but one pub chain has turned to an all-American brew to stem a downturn in the market: Coors Light.

The cigarette company is reportedly making a play for the smokeless tobacco business.

Strong software and hardware sales makes up for weakness in books, DVDs and music at the retailer.

The August employment report has removed any lingering doubt on the part of many economists that the economy will eventually slide into recession.

Write something about Dell online, and chances are the company will know about it in an hour or so. Dis the company in a blog or a Facebook group, and someone from a crack response team may even chime in, if only to let everyone know that Dell cares.

An industry group says a record 9.2% of American homeowners with a mortgage were either behind on their payments or in foreclosure ...

A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to a report released Friday by the Mortgage Bankers Association.

BankUnited Financial on late Friday said the Office for Thrift Supervision had lowered its capital status amid mounting liquidity concerns.

Monday will be a relatively quiet day as far as earnings go, but investors will have plenty to trade on as they mull over several major deals that are expected to take shape soon.

BIRMINGHAM, Alabama (Reuters) - An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and...

But the bottom won't be confirmed until we see a breakout on solid volume and the price holds above the prior resistance levels.

The company raised its full-year outlook on Q3's strong sales bumped by ''Grand Theft Auto.''

Canadian stocks eke out a tiny gain, as some materials shares rise in the aftermath of a week marred by sell-offs in energy and resource shares.

Blue-chip stocks end a wobbly trading day with slight gains despite a rise in unemployment numbers. Tech shares dip. Frank Curzio breaks down the action in The Real Story video above.

Companies, consumers rein in spending, putting a dent in tech funds.

The hits keep coming for the college loan industry.