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Fannie Mae relaxes loan down-payment requirements NEW YORK (Reuters) - Fannie Mae, the largest U.S. home funding source, is setting a single national standard for down payments on mortgages it buys, including areas where home prices are falling, in an effort to stimulate the housing market. Publ.Date: Fri, 16 May 2008 17:12:22 -0400 Source: Reuters Consumers' mood as grim as early-80s NEW YORK (Reuters) - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy. Publ.Date: Fri, 16 May 2008 21:49:24 -0400 Source: Reuters AIG to set up services, data centers in Malaysia KUALA LUMPUR (Reuters) - American International Group Inc plans to establish a global shared services and data centers in Malaysia through one of its subsidiaries, the insurance giant said on Saturday. Publ.Date: Sat, 17 May 2008 08:54:34 -0400 Source: Reuters Time Warner Chairman likely to step down NEW YORK (Reuters) - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the role. Publ.Date: Fri, 16 May 2008 13:57:38 -0400 Source: Reuters Wall St ends flat as energy gains offset sentiment NEW YORK (Reuters) - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years. Publ.Date: Fri, 16 May 2008 20:07:35 -0400 Source: Reuters American Axle and UAW reach tentative agreement DETROIT (Reuters) - The United Auto Workers and American Axle & Manufacturing Holdings Inc reached a tentative contract agreement late Friday aimed at ending an 11-week-long strike that had triggered thousands of layoffs and cost General Motors Corp at least $1 billion. Publ.Date: Sat, 17 May 2008 10:20:32 -0400 Source: Reuters

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