Quarterly Results, Losses | featured news

Fannie Mae seeks $10.7B in US aid after 2Q loss

Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

 

Post office's losses reach $2.4B for third quarter

Post office's losses reach $2.4B for third quarter

The post office says it lost $2.4 billion from April through June. That brings the year's losses so far to $4.7 billion. And the Postal Service expects to be $7 billion in the red when the fiscal year ends Sept. 30.

 

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