BUSINESS

Imagining U.S. Housing Without Fannie Mae And Freddie Mac

An image showing the headquarters of Fannie Mae and Freddie Mac
The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
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Asia Stocks Slip As Euro Zone Fears Focus On Spain

Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signaling that European leaders still have much to do to contain the euro zone debt crisis.
Krumm of Germany drives his Nissan DeltaWing Number 0 during the Le Mans 24-hour sportscar race in Le Mans.

'Satoshi Motoyama Is Our Hero!' Nissan DeltaWing Driver Real Hero Of Le Mans 2012 [VIDEO]

In what was possibly the most dramatic moment in this weekend's 24 Heures Du Mans, the experimental and much anticipated Nissan DeltaWing racing car, which promised to revolutionize the sport, was struck by a LMP1-class Toyota racer, sending it flying into the tires and prematurely ending its day at the races. However, the real story was just beginning when the car flew off the track.
G-20 Los Cabos

Los Cabos, Mexico, Hopes To Capitalize On G-20 Exposure

The first thing thousands of international delegates headed to the G-20 summit will likely see as they land in Los Cabos, Mexico, this week will be the spiny bush-clad hills and azure waters that typify southern Baja California.
Exports Overstated by $9 Billion, Says Indian Government

RBI Rate Decision Pressures Delhi For Fiscal Action

The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.
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QElusional?

After the positive effects of the Greek election fade, markets will shift focus toward the Federal Reserve announcement scheduled for Wednesday.
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Symbolic Victory for the Euro

The euro symbol was originally designed to resemble the Greek epsilon, in homage to the country often considered the birthplace of Western democratic ideals.
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Chinese Car Companies Hiring European Designers

State-owned Beijing Automotive Industry Holding Company (commonly known as Beijing Automotive Group or BAIC) hired Leonardo Fioravanti, legendary designer of the Ferrari Daytona, to transform the Chinese car conglomerate into a world-class maker of luxury cars by 2025, according to Bloomberg News.

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