Daily Archives: September 8, 2008

Media Digest 9/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the mortgage market short-term.

Reuters writes that Lehman (LEH) made a number of changes to top management.

Reuters reports that The Royal Bank of Canada may have an interest in buying Lehman.

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Asia Markets 9/8/2008 (HBC)

JapMost markets in Asia rose.

The Nikkei was up 3.4% to 12,625. Shares in Mitsubishi UFJ Financial and Mizuho Financial Group rose on US actions to save Fannie Mae and Freddie Mac.

The Hang Seng moved up 4% to 20,732. Share in HSBC (HBC) rose more than 4%. China Construction Bank stock was also gained more than 4%.

The Shanghai Composite sold off 2.7% to 2,143.

Data from Reuters.

Douglas A. McIntyre