Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages

Date: Wed, 19 Mar 2008 16:01:10 (GMT)

Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages

The federal government loosens strict capital requirements on Fannie Mae
and Freddie Mac, allowing them to inject billions of dollars into the
sagging mortgage market by buying more loans.

Morgan Stanley's quarterly profit falls 42% but tops forecasts

Morgan Stanley's first-quarter net earnings drop 42% as revenue also
falls, but the results beat consensus forecasts that have been knocked
down by the credit crunch.

British regulator probing financial rumor-mongering

Britain's stock-market regulator is looking into rumor-mongering that
has beset some financial stocks, pulling one lender down as much as
17%.

Adobe profit, sales top analysts' expectations

Adobe Systems Inc. says its first-quarter profit and sales beat Wall
Street analysts' estimates, sending its shares higher in late trading
and signaling a healthy demand for the company's software even amid the
U.S. economic slowdown.