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GM to recall 231,000 vehicles with fire hazard
WASHINGTON, July 2 (UPI) -- The board of U.S. mortgage giant Freddie Mac has called on Charles Haldeman Jr. to serve as its chief executive officer, a source close to the company said.
Haldeman is the chairman of the board at Putnam Investment Management LLC in Boston. His appointment to lead the Federal Loan Mortgage Corp. must be approved by U.S. regulators, The Boston Globe reported Thursday.
Haldeman is also chairman of the board at Dartmouth College.
"He has all the requisite leadership skills. He's ethical. He has a humanistic demeanor that doesn't diminish from his ability to make the hard decisions," said Pamela Joyner, a trustee at Dartmouth.
Haldeman would replace interim CEO John Koskinen, who took over when former Boston Federal Reserve Bank President Richard Syron resigned after the government took over Freddie Mac, which was struggling with huge mortgage-related losses last fall.
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REYKJAVIK, Iceland, June 19 (UPI) --
Iceland's new prime minister this week cited the country's mackerel fishing dispute with the European Union as a prime example of the value of sovereignty.
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PARIS, June 18 (UPI) --
Engine-maker Pratt & Whitney has announced delivery of its 100th F135 propulsion system to the U.S. government for the F-35 Lightning II fighter.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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