Business

Washington, United States, January 3: Fannie Mae’s drive to limit its losses and boost profits entails increased burden on borrowers, the National Association of Realtors alleged after United States’ largest mortgage finance company, to improve its revenues, Monday raised the fee charged to lenders for buying mortgages.

New York, United States, January 6: A significant drop in gasoline prices over last month, has helped consumers save some pennies, badly needed in these financially catastrophic times. But the recent upward trend in gasoline prices indicates soaring prices in the near future, to the dismay of consumer once again after a short relief.

Buffalo, New York, January 8: Jack Kemp has another challenge to overcome. This time around the congressman and erstwhile housing secretary has to fight cancer. The founder and present chairman of Kemp Partners and former Buffalo Bills quarterback has been diagnosed with malignant cells. The type of cancer has not been disclosed

Chicago, November 11:The global economic crisis has begun to take its toll on the logistics industry now. DHL announced Monday that it would lay off close to 9,500 jobs at its United States unit. The besieged shipper will also close majority of its DHL Express service centers.

Washington, United States, January 5: Even though he is still to take charge of the office, the opposition has begun playing politics, questioning the practicality of Barack Obama’s upcoming economic program.

Houston, January 7: Chemical giant LyondellBasell Industries’ U.S. unit has filed for bankruptcy, citing a weak demand for its products in the present economic turmoil.