Pictures

U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012. REUTERS/Shamil Zhumatov (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

Fannie, Freddie shares fall after report of bailout

NEW YORK | Fri Sep 5, 2008 6:20pm EDT

NEW YORK (Reuters) - Shares of mortgage finance companies Fannie Mae and Freddie Mac dropped in after-hours trade on Friday, on concerns any U.S. Treasury rescue plan could wipe out shareholder value.

The Wall Street Journal reported after the closing bell that the U.S. Treasury is close to finalizing a plan to backstop the two government-sponsored enterprises.

Fannie shares fell 16.9 percent to $5.85, while Freddie's shares fell 7 percent to $4.74.

(Reporting by Kristina Cooke)
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