Business

5:00pm

Mon January 30, 2012
The Two-Way

Report Prompts Calls To End Freddie Mac's Conflict Of Interest

A sign for Freddie Mac in front of its headquarters in McLean, Va.
Alex Wong Getty Images

Several U.S. lawmakers and prominent economists on Monday said Congress and the White House should end a financial conflict of interest at the taxpayer-owned mortgage company Freddie Mac.

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3:08pm

Mon January 30, 2012
Economy

Mortgage Giant Places Bets Against Homeowners

Transcript

MELISSA BLOCK, HOST:

Freddie Mac is a gatekeeper in the mortgage market. In many cases, the taxpayer-owned mortgage company controls who qualifies to refinance a mortgage and who doesn't. Well, NPR has learned that Freddie Mac has been making financial wagers, betting against American homeowners being able to refinance. And now some lawmakers want to put a stop to it. NPR's Chris Arnold has been reporting this story in partnership with ProPublica.org. He has this report.

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2:55pm

Mon January 30, 2012
The Two-Way

Japanese Auto Parts Companies To Pay $548M In Fines For Price-Fixing

Originally published on Mon January 30, 2012 3:21 pm

One of the biggest antitrust investigations in the nation's history has led to fines of $470 million against one Japanese auto parts manufacturer and $78 million against another, the U.S. Justice Department announced today.

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1:14pm

Mon January 30, 2012
All Tech Considered

Facebook IPO: Worth The Price Or Next Internet Bubble?

Originally published on Mon January 30, 2012 10:02 pm

Facebook co-founder and CEO Mark Zuckerberg at Facebook headquarters in Palo Alto, Calif., in 2007. The company is expected to file papers for an initial public offering this week.
Paul Sakuma AP

Many investors are expecting Facebook to file papers for an initial public offering sometime later this week. The company, which was founded in a Harvard dorm room less than a decade ago, is expected to be valued at nearly $100 billion by Wall Street.

And if these early reports are true this is shaping up to be the biggest Internet IPO ever.

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10:54am

Mon January 30, 2012
The Two-Way

At E.U. Meeting, Countries Expected To Agree That Austerity Is Not Enough

In this photo provided by the German Government Press Office, Italy's Prime Minister Mario Monti, France's President Nicolas Sarkozy and Germany's Chancellor Angela Merkel speak at a meeting at the European Council in Brussels ahead of the European Union leaders summit on Monday.
Getty Images

European Union leaders are meeting in Brussels today to discuss the monetary union's ongoing economic crisis. According to The New York Times, the countries will decide that austerity is not enough to curb the sovereign debt crisis.

The Times reports:

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