The Treasury said it would transfer control of Fannie and Freddie to a conservatorship. Futures contracts on the Dow Jones industrial average rose 2.2%, with investors concluding that the decision strengthened the prospects for American businesses and the American economy.
The takeover will likely translate into lower mortgage costs and more availability of credit, CNN.com noted.
More and more companies are turning to Twitter to track consumer comments and critiques of their brands.
After its cover story, “Babies, Lies & Scandal,”on Republican VP nominee Sarah Palin, Us Weekly is seeing a backlash from readers who believe that the picture and tagline are unfair.