Saturday, August 4, 2007

UPDATE 3-Bush tours site of wrecked Minnesota bridge

(Reuters) - MINNEAPOLIS, Aug 4 - Divers searched for bodies
in debris in the murky Mississippi on Saturday as President
George W. Bush toured the site of this week's deadly rush-hour
bridge collapse and promised quick federal help in rebuilding.




Bush got a bird's eye view of the ruined bridge in a
10-minute helicopter tour, then donned an orange hard hat and
wind-breaker to walk a section of the 40-year-old bridge on
foot as rain fell.


Read more at Reuters.com Bonds News

Freddie CEO wary of more subprime loans: NYT

(Reuters) - With credit pools drying up "there are some loans that are in difficulty," the Times quoted Syron as saying in a telephone interview.




"There are other loans that probably should never have been made and providing more liquidity will make that situation worse in the long term," Syron told the Times.


Read more at Reuters.com Business News

Freddie CEO wary of more subprime loans - NYT

(Reuters) - With credit pools drying up "there are some loans that are
in difficulty," the Times quoted Syron as saying in a telephone
interview.




"There are other loans that probably should never have been
made and providing more liquidity will make that situation
worse in the long term," Syron told the Times.


Read more at Reuters.com Bonds News

Barclays' ABN offer period runs until Oct 4 - filing

(Reuters) - The RBS-led consortium's offer is worth 71 billion euros
and 93 percent in cash, while Barclays
65-billion-euros offer is about 38 percent in cash.




ABN shareholders can tender shares under the Barclays offer
from Aug. 7 until Oct. 4, Barclays said in a filing to U.S.
regulator the Securities and Exchange Commission late on Friday.


Read more at Reuters.com Mergers News

Bear Stearns preparing to oust president-WSJ

(Reuters) - Bear Stearns' board is due to meet on Monday to consider
the departure of Spector, who heads up its stock and bond
trading operations, the paper said, citing a person familiar
with the situation.




Spector, 49, had widely been seen as a candidate to become
the firm's next chief executive, the Journal said.


Read more at Reuters.com Bonds News