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Turkey warns Israel over airspace violations
MCLEAN, Va., June 16 (UPI) -- Freddie Mac Monday provided clarifying information regarding the provisions of the employment termination agreements for two of its former top employees.
The employment agreements involve Leland Brendsel, former chairman and chief executive officer, and David Glenn, former president and chief operating officer.
Mike Hager, Freddie Mac's Senior Vice President of Human Resources, said: "The options and restricted stock in question were earned by the executives during their long tenure at Freddie Mac pursuant to contracts signed in 1990.
Freddie Mac also said it has taken steps to prevent any trading in restricted stock or the exercise of options owned by either man until a review of their employment agreements is completed.
Officials said they took that action in response to direction from the Office of Federal Housing Enterprise Oversight (OFHEO) and concerns raised by the Securities and Exchange Commission.
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China has called "unfair" the U.S. anti-dumping ruling against Chinese solar power equipment.
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Peru is going ahead with a $266 million upgrade of its fast aging combat aircraft while it considers how to keep its air force up to speed with changing technologies and modern warfare requirements.
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Eleven of the nation's 20 largest metro areas based on population documented annual increases in foreclosure activity, led by the Florida cities of Tampa (59 percent) and Miami (38 percent). Other cities with increases included St. Louis (29...
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If President Barack Obama is going to base his re-election campaign on touting his record on jobs, he's going to have criticism coming at him left and right
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