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Auto Outlook: Toyota bullish on U.S. comeback
WASHINGTON, Dec. 8 (UPI) -- Freddie Mac's board of directors named a new chairman and chief executive of the scandal-ridden mortgage finance giant.
The board selected Wall Street and Washington veteran Richard F. Syron to the position. Freedie Mac has been mired in a year-long accounting scandal that has led to the ouster of two chief executives in the past six months.
Syron, 60, will take over from acting chairman and chief executive Gregory J. Parseghian at the end of the year. The move comes as Freddie Mac's federal regulator prepares this week to release a highly critical report of the firm and its board, sources told the Post, the Washington Post reported Monday.
The mortgage company is pushing to reach a settlement with the regulator, the Office of Federal Housing Enterprise Oversight so that the agreement could be announced simultaneously with the release of the report, sources said.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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