26 October 2014

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Fannie Mae settles shareholder lawsuit for $170 million

Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.The settlement, which requires court approval, was disclosed in a Friday filing with the U.S. District Court in Manhattan.It resolves shareholder allegations that Fannie Mae defrauded shareholders and inflated its stock by

Huawei to award Ascend Mate 7 and Honor 6 to Pakistani content writers

Huawei to award Ascend Mate 7 and Honor 6 to Pakistani content writersLast week, Pakistan looked a little at par with international arena when Huawei Pakistan introduced its two successors of Ascend Mate and Honor series.The Chinese company organized a blogger event for this purpose in order to create some pre-sale hype. Apart from the products information that you can find below, Huawei Marketing Head, Fraz Khan shared an interesting plan with the audience for creating some innovative content based on Huawei’s products.Two

ECB bond-buying reports send euro lower

NEW YORK  Reports that the European Central Bank could expand its bond-buying programme to corporate debt pushed the euro lower against the dollar and other major currencies Tuesday.The idea, reportedly under discussion at the ECB but not yet decided on, comes as the central bank struggles to combat deflation pressures and shore up growth in the 18-nation eurozone. If followed through early next year as some reports suggest, the move could further push down long-term interest rates in the euro

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