business - "short"

WASHINGTON (MarketWatch) -- The White House and the Federal Reserve moved Sunday to prevent Fannie Mae and Freddie Mac from failing. In a statement, Treasury Secretary Henry Paulson said the global reach of Fannie [s:FNM] and Freddie necessitated unprecedented action. The Treasury has asked Congres to increase the existing line of credit to Fannie and Freddie. In addition, Treasury asked Congress for the power to buy the two companies stock. In a separate vote, the Fed board of governors voted to open its discount window lending facility to Fannie and Freddie. In return, Paulson asked Congress to give the Fed a formal role to work with the new GSE regulator on capital standards for Fannie and Freddie. [clarifies that Treasury asking Congress to take these steps.]Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Bombardier is set to challenge the dominance of Boeing and Airbus, the two giants of the global aerospace industry, with the launch of a $3.4bn (?2.1bn) project to develop a new family of short-haul commercial jets

NEW YORK (MarketWatch) -- The Treasury is expected to make a statement later Sunday in support of beleaguered mortgage giants Fannie Mae and Freddie Mac , The wall street Journal reported, citing people familiar with the matter. The statement will be designed to reassure markets, although further details were unavailable, the report said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Monday, wall street will focus on the troubled mortgage giant Freddie Mac as it tries to raise $3 billion in a securities sale. Investors and federal regulators are looking at the sale as a sign of the future for Freddie Mac and its older sibling, Fannie Mae. NPR's Jim Zarroli talks to host Andrea Seabrook about what action the government might take if the Freddie Mac sale falls short of its goal.

Monday, the troubled mortgage giant will try to raise $3 billion in a securities sale, but the big question is whether or not investors will front the money. NPR's Jim Zarroli talks to host Andrea Seabrook about the steps the federal government might take if the Freddie Mac sale falls short of its goal.

TEL AVIV (MarketWatch) -- Microsoft Corp., the Redmond, Wash., software on Sunday unveiled a version of its Xbox 360 games-and-entertainment console with triple the storage space of the original machine at the same estimated retail price, $349. The new 60-gigabyte Xbox 360 will be available at retail early in August, Microsoft said. The company also cut the price of its 20GB Xbox 360 console in the U.S. and Canada to US$299 from US$349. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.