PRESS DIGEST - Washington Post Business - August 6
WASHINGTON, Aug 6 (Reuters) - The Washington Post included the following items on the front page of its business section on August 6.
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Freddie Mac chief executive Richard Syron, who has presided over an implosion of investor confidence in his company, said Tuesday that conflicting demands on the government-chartered mortgage giant have made his job "almost impossible."
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NEW YORK - The Dow Jones industrial average jumped 2.9 percent Tuesday as investors drew confidence from a continued decline in oil prices and from the Federal Reserve's prediction that inflation would level off.
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Federal prosecutors charged 11 people with the theft and sale of more than 40 million credit and debit card numbers from at least nine U.S. retailers in what they said was one of the largest and most complex hacking and identity theft cases ever brought.
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A federal appeals court in California is reviewing a lower court's definition of "interception" in the digital age, in a case that some legal experts say could weaken consumer privacy protections online.
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Urban media company Radio One reported a second-quarter loss of $11.7 million as it contends with an industry-wide decline in radio advertising revenue and expands its Internet efforts.
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