News

Update: Fannie Mae and Freddie Mac Elimination bill to be discussed in senate

The bill to wind down Fannie Mae and Freddie Mac, the two government backed mortgage giants that were rescued after the housing market crash in 2008, will be discussed in the senate Tuesday as officials gather to decide the fate of the two lending firms.

Toyota shifting US sales headquarters to Texas as California becomes crowded and expensive

Toyota, Japan’s leading automobile maker is reportedly planning to shift its U.S. sales and marketing headquarters to Texas, abandoning California as the Golden State becomes too crowded with competitors and expensive for the company.

Deadly tornadoes sweep through Southern and Central US destroying towns and killing at least 12 (PHOTOS)

After a rare tornado lull, deadly twisters swept through southern and Central America Sunday, wiping out towns and neighborhoods and killing at least 12. Arkansas, Kansas and Oklahoma have been hit the hardest.