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Newspaper wrap-up: Fannie Mae may take $14B earnings hit

MAJOR PAPERS:
  • In what may be a sign of interest from large media companies looking to delve into the "content delivery space," the Wall Street Journal reported that EdgeCast Networks is set to announce it has raised up to $6M from Steamboat Ventures, The Walt Disney Company's (NYSE: DIS) venture-capital arm.
  • Barron's "The Trader" section says they'd stay away from Federal National Mortgage Association (NYSE: FNM), even though the Bush administration's subprime-mortgage freeze program caused the stock to rebound some. Barron's speculates that Fannie should take an earnings hit in the range of $6.4B to $14B.
OTHER PAPERS:

Symbol Lookup
IndexesChangePrice
DJIA-86.0110,364.94
NASDAQ-19.892,156.12
S&P 500-8.311,097.93

Last updated: November 24, 2009: 10:18 AM

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