After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.
FREDDIE MAC AND FANNIE MAE BAILOUT
July 14, 2008 - USA
Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.
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RANDOM QUOTES
Rules for Happiness
by Immanuel Kant
"...Rules for Happiness: Something to do, Someone to love, Something to hope for...."
The Revolution
by John Adams
"...The Revolution was effected before the War commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations. This radical change in the principles, opinions, sentiments, and affections of the people, was the real American Revolution...."
RANDOM FACTS
More vehicles
about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
Salary
about Steve Jobs
Steve Jobs' annual salary was $1, just enough to keep company health benefits.
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The Multi-State Lottery Association (MUSL) is a non-profit, government-benefit association owned and operated by its 33 member lotteries. Each MUSL member offers one or more of the games administer...
Carvers for Conservation was started to introduce the people conserving the habitat of migratory birds to the premier bird sculptors in the world. My intention was to be mutually beneficial to the ...
Horseback riding in Las Vegas. Choose from rides that include breakfast, lunch, or a sunset steak dinner. Overnight Las Vegas horseback tours also available.
Associated transformers is a leading Transformer Manufacturing Company in Tamilnadu, India. Lead the industry in manufacturing of various types of transformers like Distribution, Furnace/ Rectifier...
Friendship poems happen to be just the best medium of expressing eternal friendship to that special friend. You can let all the love and affection you possess flow out, right onto the paper lying in front of you, through a sweet little friendship.
The course of the River Thames as we know it today was created about 10,000 years ago, by melt water from the ice-sheets that covered much of the United Kingdom during the last ice-age...