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U.S. takes control of embattled Fannie and Freddie

The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae <FNM.N> and Freddie Mac <FRE.N>, effectively wiping out shareholders' interest in the publicly traded companies.

Nationwide in merger talks with rivals

Nationwide Building Society <NAT.UL>, one of Britain's biggest home-loan leaders, said on Sunday that it was in advanced talks over proposed mergers with both the Derbyshire and the Cheshire Building Societies.

Morrison to top growth league

Wm Morrison Supermarkets <MRW.L> is set to post a 19 percent rise in first-half underlying profit on Thursday and confirm it is taking market share from bigger rivals as cash-strapped shoppers flock to its lower price stores.

Boeing machinists walk off the job as talks fail

NEW YORK/EVERETT, Washington (Reuters) - Boeing's <BA.N> 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.