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U.S. regulator feels pressure over Freddie, Fannie: report

Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. If you do principal forgiveness, who is it benefiting? ... Doing principal forgiveness is what would prote...

Sanctions Make It Hard For Royal Dutch Shell To Pay Iran

A Shell logo is seen at a petrol station in Ankara March 6, 2012.
Royal Dutch Shell PLC has a whole lot of money on its balance sheet, but European Union and U.S. financial sanctions are making it difficult for the major integrated oil-and-gas company to pay an estimated $1 billion it owes the National Iranian Oil Co. for crude purchases, according to Reuters.
Dick Cheney

Dick Cheney Heart Transplant: Did He Get Special Treatment?

Former U.S. Vice President Dick Cheney is recovering from a heart transplant he underwent on Saturday morning. The 71-year-old politician received a heart from an anonymous donor and is now in the intensive-care unit of Inova Fairfax Hospital in Falls Church, Va.
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IBM's Brain-Like Chip

Technology Focus: Don’t Forget The Chips

Amid the hoopla surrounding new product introductions by Apple (Nasdaq: AAPL), the initial public offering of Facebook (NYSE: FB) and what’s new with “Angry Birds,” people forget to acknowledge the true “brains” of the whole business: the chip.
Obama Lee Korea

Obama Warns North Korea Against Rocket Launch

President Barack Obama, visiting South Korea, called on the Communist North Sunday to call off a planned rocket launch, and warned that food aid in return for disarmament would be at risk.
Gasoline prices are shown at a gas station in Del Mar, California

Will Obama Release Oil From Strategic Reserve to Control Gas Prices?

With political pressures mounting, talk about the release of the strategic oil reserves has come back. Will the President decide to release the country's reserves in a last gasp effort to stem the gas price spike? And if he does, what kind of impact will it have on prices?
Apple

What if Apple Launched Its Own Voice Service?

The new iPad is the first 4G device from Apple and the next iPhone, dubbed iPhone 5, is all set to be second. But a job posting at Apple Web site reveals that the tech giant may add more connectivity features to the upcoming iPhone.
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Cash Mobs gather to splurge in locally owned stores

Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange, Jan. 18, 2012

Goldman Sachs Refugee Greg Smith Seeking Book Deal: Report

Greg Smith -- the former executive at Goldman Sachs Group Inc. who put a new spin on the old letter of resignation with his "Why I Am Leaving Goldman Sachs" op-ed article in the New York Times on March 14 -- apparently would like to amplify on his remarks in book form, according to the newspaper.
Paul Clement

Supreme Court Health Care Case: The Attorneys Behind The Arguments

The Affordable Care Act arguments before the U.S. Supreme Court this week will pit two of Washington's seasoned legal minds against each other in a bout akin to Ali vs. Frazier for the legal set. Here's a look at the lawyers who will lead the historic arguments on the constitutionality of the health care measure.
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Former Goldman Sachs executive seeking book deal: NY Times

Greg Smith, the former Goldman Sachs executive who resigned this month and condemned the investment bank in a scathing New York Times opinion column, is seeking a deal to write a book about his experience there, the newspaper reported.
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U.S. seeks more interest in Alaska offshore drilling

The Obama administration on Saturday said it would again gauge interest from the oil and gas industry to explore federal waters off the Alaska coast, another bid to expand domestic energy production as gas prices soar and political pressure grows.

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