Economy News
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies.
Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery.
Oil prices rose Monday in Asia to near $117 a barrel as Hurricane Gustav advanced on Louisana, prompting companies to shut down drilling and refining operations in the Gulf Coast coast region.
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Make Things Happen with Bill Liss
For the firefighters at Fire Station 25 on Benjamin Mays Drive in southwest Atlanta, the first priority is an immediate response.
From the Atlanta Business Chronicle
Wendy's International Inc. has replaced two options on its kid's meal line-up, a change set to hit its U.S. restaurants by the end of the month.
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
Georgia schools Superintendent Kathy Cox proved she is smarter than a 5th grader, winning a million for her school system on a popular game show on Friday night.
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