Thursday, May 06, 2010

SPB News for Thursday

Freddie Mac Asks U.S. For $10.6 BILLION After 1Q Loss


SEC Chiefs Had Authority Over Bear Stearns, They Just Didn't Use It

Obey won't seek reelection
— In a major blow to Democrats, House Appropriations Committee Chairman David Obey announced that he will not seek reelection, saying he is “ready to turn the page” after a four-decade House career. — The Wisconsin Democrat faces tough poll numbers at home …

Washington Post Co. to Sell Newsweek
— Chairman Donald E. Graham cites multi-year losses. ‘We are exploring all options to fix that problem,’ he said. — Newsweek Web Exclusive — The Washington Post Co. announced today that it has retained Allen & Company to explore the possible sale of NEWSWEEK magazine.

Reid: GOP is ‘making love to Wall Street’
— Senate Majority Leader Harry Reid (D-Nev.) accused Republicans Wednesday of “making love to Wall Street.” — Reid charged that Republicans are stalling action on a Wall Street reform bill because “they are having difficulty determining how they're …

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