Shares of Fannie Mae and Freddie Mac
slumped on Friday amid disappointment over a long-awaited U.S.
Treasury Department plan to begin recapitalizing the mortgage
giants and return them to private control after their bailout
during the 2008 financial crisis.
As Hurricane Dorian left thousands
missing in the Bahamas, South Carolina resident Daniel Huggins
worried frantically about his mother on Green Turtle Cay and,
with no word from U.S. or Bahamas authorities, turned to
Facebook for news.
The owner of a telemarketing company
implicated in the largest component of a $1.2 billion Medicare
fraud involving the supply of medically unnecessary orthotic
braces pleaded guilty to criminal charges on Friday, the U.S.
Department of Justice said.
Private equity firms Permira and Advent
International Corp have proposed a deal to buy Symantec Corp
for more than $16 billion after the cyber security
company agreed to a sale of a big chunk of its business, the
Wall Street Journal reported on Friday.
Brazil's real rose on Friday to
register its first weekly gain against the U.S. dollar in eight,
as investors put the extreme caution and gloom of August behind
them and added some risk back into their portfolios.
The U.S. Federal Trade
Commission said on Friday that it had filed an administrative
complaint aimed at preventing title insurance provider Fidelity
National Financial, Inc. from buying rival Stewart
Information Services Corp.