Newspaper wrap-up: Freddie Mac considering stock sale
Posted Jul 18th 2008 8:40AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Microsoft (MSFT), Yahoo! (YHOO), Time Warner (TWX), Starbucks (SBUX), News Corp'B' (NWS)
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MAJOR PAPERS:
- According to people familiar with the matter, the Wall Street Journal reported that Federal Hole Loan Mortgage Corporation (NYSE: FRE) --Freddie Mac -- is considering raising capital by selling up to $10B in new shares to investors. The sources believe this effort may have the potential to avoid a full-blown government rescue.
- The Wall Street Journal also reported that, amid U.S. investigations into allegations it helped American clients evade taxes, UBS AG (NYSE: UBS) said some Swiss-based private bankers will stop offering American clients Swiss bank accounts and other services.
- Starbucks Corporation (NASDAQ: SBUX) will close store in 44 states plus the District of Columbia, including 88 closures in California, 59 in Florida and 57 in Texas, the Wall Street Journal reported.
WEB SITES:
Tags: Alpha Natural Resources, AlphaNaturalResources, ANR, AOL, Cleveland Cliffs, ClevelandCliffs, CLF, coal industry, CoalIndustry, FRE, Freddie Mac, FreddieMac, Microsoft, MSFT, News Corp, NewsCorp, NWS, NWS.A, SBUX, Starbucks, stock sale, StockSale, tax evasion, TaxEvasion, Time Warner, TimeWarner, TWX, UBS, UBS AG, UbsAg, Yahoo, YHOO
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