Wall Street declines after rally as Freddie Mac swings to wider-than-expected 2nd-quarter loss
NEW YORK (AP) — Stocks declined Wednesday, a day after a big rally, as troubled mortgage financier Freddie Mac reported a larger-than-expected second-quarter loss and touched off fresh concerns about the financial sector.
Freddie Mac, which substantially increased its reserves for souring loans, lost [...]

NEW YORK (Reuters) - Time Warner Inc (NYSE:TWX - News) said it would split AOL’s dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
The media conglomerate also reported a lower quarterly profit, dragged by AOL, but it still slightly beat Wall [...]

Stocks decline as investors weigh plan for lenders, face concern about other financials.
Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac won’t head off further troubles in the financial markets.
Investors’ latest unease about the banking sector [...]