Fannie Mae posts loss, to cut payout, raise capital
(Reuters)
Source: Yahoo News Published May 6, 2008 @ 7:24am PDT
Reuters - Fannie Mae on Tuesday cut its
dividend and set plans to raise $6 billion in fresh funds to
weather the severe U.S. housing market slump, driving its
shares and the broader U.S. stock market lower. [full article]
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