Arc Bike News

Reuters – Regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans, The New York Times reported on Thursday.

Reuters – Fears over Europe’s festering debt problems punished global stocks and the euro on Friday as the stakes intensified for the world’s top finance officials to find ways to prevent the crisis from spiraling out of control.

Reuters – Stocks tumbled more than 2 percent on Friday after the top German official at the European Central Bank resigned in protest of the bank’s bond-buying program, which has been a major tool in fighting the region’s debt crisis.

AP – The problems that have weighed on investors all summer — European debt and fear of a new recession in the United States — hammered the stock market Friday. The Dow Jones industrial average fell more than 300 points.

AP – Federal regulators have filed civil fraud charges against a man who they say raised about $3.4 million in a scam targeting deaf investors.

AP – It was 8:46 a.m. and Wall Street was almost ready for business when the first plane hit the World Trade Center a decade ago. Dick Grasso, then chairman and CEO of the New York Stock Exchange, reflects on what it was like to be blocks from the Twin Towers on 9/11. Grasso left the NYSE in 2003.

AP – Egypt’s benchmark stock index fell slightly on Sunday, weighed down by investor unease after the storming of Israel’s embassy and protests in Cairo over the weekend. Inflation, meanwhile, eased in August to 8.5 percent on a slower increase in food prices.

Reuters – Investors will grapple with more turbulence surrounding Europe’s deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy.

AP – The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market.

AP – Asian stock markets fell sharply Monday amid fresh anxiety over Europe’s debt problems and a potential default by Greece that would wreak havoc on the global economy. Japan’s benchmark Nikkei index hit a 28-month low.