Dow dips, Nasdaq and S&P up before long weekend

NEW YORK - The Dow slipped while the Nasdaq and the S&P 500 inched higher on Friday as warnings about Greece kept investors cautious before a long holiday weekend, with shares likely to drift lower into the close. | Video

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Use social media in your job search

BOSTON - The widespread use of social media - including more playful sites like Facebook and Twitter, as well as the business-focused LinkedIn - is becoming a powerful force in many job searches, says Harvard Business Review.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Pictures

Members of the U.S. Army Old Guard place a flag at each of the over 220,000 graves of fallen U.S. military service members buried at Arlington National Cemetery, May 24, 2012. Memorial Day will be commemorated this weekend across the United States. REUTERS/Jason Reed (UNITED STATES - Tags: MILITARY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Students show emotions at the 2012 Joplin High School commencement ceremony inside the Leggett and Plant Athletic Center at Missouri Southern State University in Joplin, Missouri, May 21, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS EDUCATION)

The Class of 2012

Scenes from this year's commencement ceremonies.  Slideshow 

UBS widens '08 loss view for Freddie, slashes target

Fri Jul 11, 2008 7:45am EDT

(Reuters) - UBS widened its 2008 loss estimate for Freddie Mac and slashed its price target on the stock to $10 from $28 citing continued credit deterioration and the challenges of raising capital.

The brokerage, which maintained its "neutral" rating on the stock, widened its 2008 loss view for the home finance company to $3.70 per share from 30 cents a share.

For 2009, it expects Freddie to earn $1.05 a share, down from its prior estimate of $1.95. Freddie Mac shares fell as much as 34 percent after former St. Louis Federal Reserve President William Poole was quoted in an interview with Bloomberg as saying that Freddie Mac and Fannie Mae are "insolvent" and may need a U.S. government bailout.

Freddie Mac shares were down $2.86 percent at $7.40 in morning trade on Nasdaq.

(Reporting by Esha Dey in Bangalore; Editing by Gopakumar Warrier)
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