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Fannie Mae tax credit decision could cost $5.2 bln

Mon, 09 Nov 2009 17:56:18 -0500

WASHINGTON - Fannie Mae said today it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury...

Connecticut Gov. M. Jodi Rell decides not to seek another term

Mon, 09 Nov 2009 17:55:31 -0500

HARTFORD, Conn. - Connecticut Gov. M. Jodi Rell says she will not seek re-election next year. She made the announcement in a news conference Monday at the statehouse in...

Dow jumps 204 to high for year as dollar slumps

Mon, 09 Nov 2009 17:53:55 -0500

NEW YORK - The Dow Jones industrial average stormed to its highest level in more than a year today as a falling dollar boosted prices for gold, oil and other commodities....

Martha Coakley: I would have voted down House health bill

Mon, 09 Nov 2009 17:53:33 -0500

BOSTON - Martha Coakley and the three other Democratic candidates for U.S. Senate traded barbs Monday after Coakley said she would have voted against a major health care...

Philly commuters relieved but angry as strike ends

Mon, 09 Nov 2009 17:50:42 -0500

PHILADELPHIA - Life began returning to normal today for commuters who spent the previous work week frazzled from a public transit strike, and many expressed relief that buses...

Palestinian negotiator: 'Defining moment' is here

Mon, 09 Nov 2009 17:46:17 -0500

JERUSALEM - The chief Palestinian negotiator today warned Israel that if it does not take peacemaking seriously, it will find itself dealing with the militant Hamas instead...

Iran accuses 3 detained Americans of espionage

Mon, 09 Nov 2009 17:43:41 -0500

TEHRAN, Iran - Iran accused three detained Americans of spying today, signaling Tehran intends to put them on trial. It drew a sharp U.S. response that the charges are baseless...

Cadbury rejects Kraft bid

Mon, 09 Nov 2009 17:34:11 -0500

LONDON - British candy maker Cadbury PLC rejected a renewed 9.8 billion pound ($16.4 billion) hostile bid from Kraft Foods Inc. today after the U.S. company refused to sweeten...

Electronic Arts posts 2Q net loss, plans layoffs

Mon, 09 Nov 2009 17:24:34 -0500

NEW YORK - Electronic Arts plans to cut its work force by 17 percent as it tries to align its business with a transforming video game industry. The company announced the...

J-Lo's ex blocked from selling alleged sex movie

Mon, 09 Nov 2009 17:15:54 -0500

LOS ANGELES - Jennifer Lopez has won a court order barring her first husband from making their sex life public - at least for a day. Lopez sued Ojani Noa for $10 million,...

Police: UPS executive accused of rape kills self

Mon, 09 Nov 2009 17:11:15 -0500

ATLANTA - Police say a vice president for shipping giant UPS who was accused of raping a 21-year-old Indiana University student over homecoming weekend has committed suicide...

Trucker dies as big-rig plummets off SF bridge

Mon, 09 Nov 2009 17:09:18 -0500

SAN FRANCISCO - A trucker died today after his big-rig plummeted 200 feet from a new section of the San Francisco-Oakland Bay Bridge that has seen about 40 crashes since it...

T operators hailed as heroes

Mon, 09 Nov 2009 16:51:43 -0500

Two T "lifesavers" were hailed as heroes today for pulling a drunken woman off the tracks as horrified Celtics fans looked on as an Orange Line trolley came down...

Boston exercises Martinez option, declines Varitek

Mon, 09 Nov 2009 16:49:19 -0500

The Red Sox have exercised their $7.7 million option on Victor Martinez and declined options on Jason Varitek and Alex Gonzalez. They also agreed to a $5 million, two-year...

For Don Henley, no easy peaceful feeling

Mon, 09 Nov 2009 16:33:24 -0500

Don Henley has been trying to get down to the heart of the matter. And, while yes, it is about forgiveness, it's also about the Eagles, a possible new Henley solo album,...

Procter & Gamble to close Needham facility

Mon, 09 Nov 2009 16:32:51 -0500

Procter & Gamble Co. will close its Needham research and development facility by 2012. The world's largest maker of household products said it would transfer...

Councilor to sink battleship complaints

Mon, 09 Nov 2009 16:32:47 -0500

A Boston city councilor is fired up over attempts by high-end condo owners to muzzle Old Ironsides' twice-daily cannon blasts, calling their complaints of excessive noise...

Knee surgery derails mayor's victory vacation

Mon, 09 Nov 2009 16:19:25 -0500

The mayor's victory vacation in Bermuda has been shelved after he blew out his knee last night requiring surgery today. The two-hour surgery was successful, his...

Hub to honor Pearl Harbor hero

Mon, 09 Nov 2009 16:18:41 -0500

Getting on a plane to cross the country is hard enough when you are half as old as John William Finn. But this 100-year-old California boy has never really subscribed to the...

Mass. high court says alimony can continue after retirement

Mon, 09 Nov 2009 16:17:38 -0500

BOSTON - The state's highest court says alimony payments don't automatically end when someone reaches retirement age. The ruling from the Supreme Judicial Court...

Obama pays tribute to fall of Berlin Wall

Mon, 09 Nov 2009 16:15:24 -0500

BERLIN - President Barack Obama has paid tribute to the fall 20 years ago of the Berlin Wall in a video message to the main anniversary event. Obama said in the message...

Merkel thanks Gorbachev on Berlin Wall anniversary

Mon, 09 Nov 2009 16:12:57 -0500

BERLIN - Chancellor Angela Merkel and former Soviet leader Mikhail Gorbachev crossed a former fortified border today to cheers of "Gorby! Gorby!" as a throng of...

Airlines boost on-time arrivals in September

Mon, 09 Nov 2009 16:12:14 -0500

DALLAS - The nation's airlines are offering fewer flights, but at least they're more likely to arrive on time now. The government said Monday that 86.2 percent...

Fed says banks eye tighter terms on credit cards

Mon, 09 Nov 2009 16:08:36 -0500

WASHINGTON - U.S. banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday. A...

Fannie Mae tax credit decision could cost $5.2 billion

Mon, 09 Nov 2009 16:06:23 -0500

WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits. The Treasury...