Student loan companies in settlement talks (AP via Yahoo! Finance)

The attorney general of New York is negotiating settlements with eight student loan companies to reform deceptive practices in the industry. A particular focus is the marketing of products so they appear to be federal loans, an official said Friday.

Mortgage finance companies Fannie Mae, Freddie Mac failed to anticipate scale of housing bust (Minneapolis-St. Paul Star Tribune)

WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.

PAF hiring private firms to retrieve remains of C-130 (GMA News)

MANILA, Philippines - With the remains of a crashed C-130 cargo plane too deep underwater, the Philippine Air Force (PAF) is hiring private firms to dive for the parts.

Quattrone's plans see vindication haunted by e-mail (The Palm Beach Post)

Because of errors by Bloomberg News Service, an incorrect version of this story appeared on PalmBeachPost.com on Aug, 3, 2008. This version includes the corrections by deleting a reference to unprofitable companies in 13th paragraph; correcting the date of leave in 103rd paragraph; and correcting the date NASD suspended its case in 110th paragraph.

Fannie, Freddie blind to the bubble (San Francisco Chronicle)

Mortgage giants Fannie Mae and Freddie Mac _ despite their robust cadre of economists and mortgage experts _ failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies _ particularly Freddie Mac _ didn't raise...