UPDATE 1-Fannie to sell $5 billion in preferred stock
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Fannie Mae (FNM.N: Quote, Profile, Research) , the embattled US home funding company, on Wednesday said it agreed to sell $5 billion worth of non-cumulative preferred stock in two placements to certain institutional buyers in
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Fannie Mae , the embattled U.S. home financing company, on Wednesday said it agreed to sell &#36;5 billion in preferred stock to institutional buyers as part of an effort to comply with regulatory demands to increase capital.
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Beleaguered mortgage agency Fannie Mae agreed Monday with its regulator to create a 30 percent capital surplus within 270 days and review internal accounting controls.
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WASHINGTON (CBS.MW) -- Mortgage finance giant Fannie Mae , still reeling from an accounting debacle that will force it to take a massive loss, said Wednesday it is issuing up to $4 billion of preferred stock.
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Thornburg Mortgage Inc  said on Thursday it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze.
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Moving to shore up its capital, Fannie Mae said Wedndesday it will sell $5 billion in preferred stock in a private placement to large investors.
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Treasury prices closed with light gains Tuesday, after homebuilder Lennar Corp. reported a sharply higher than projected loss and a national report showed existing home sales at a five-year low in August.
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The family that controls Dow Jones & Co expects to decide by early next week if it wants to sell the company to Rupert Murdoch's News Corp for $5 billion, a source familiar with the matter said on Tuesday.
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Fannie Mae announced Wednesday that it has agreed to sell an aggregate of $5 billion in two placements of preferred stock to qualified institutional buyers, representing the largest capital placement ever undertaken by the mortgage-financing giant.
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Merrill Lynch agreed on Monday to sell $5 billion of new stock to an investor from Singapore and a smaller stake to a domestic firm.
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December 30, 2004 - Mortgage giant Fannie Mae said Wednesday that it may sell as much as $4 billion of preferred stock to boost capital, Reuters reported.
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Description: Fannie Mae&#39;s Franklin Raines retires as CEO, and Timothy Howard resigns as CFO of the mortgage giant. This comes a few weeks after the Securities and Exchange Commission told Fannie Mae to restate
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Dow Jones & Co Inc.'s  board of directors said on Thursday that the company plans to consider alternatives for the company, including a $5 billion bid by Rupert Murdoch's News Corp.  to buy it.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the largest US home funding company, said on Monday it plans to sell $4.5 billion of three-month benchmark bills due Dec. 29, 2004
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NEW YORK - Troubled mortgage giant Fannie Mae said Wednesday it may sell up to $4 billion in preferred stock as soon as this week.
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Rupert Murdoch's News Corp., moving to regain full control of its majority owned Fox television properties, is offering to buy the remaining publicly held shares of Fox Entertainment Group Inc. for stock valued at about $5.9 billion.
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WASHINGTON, Nov. 12 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE:FNM) has elected not to issue Benchmark Notes in November. The company currently intends to issue Benchmark securities in accordance with its