Freddie Mac Sees Encouraging Signs for Construction Workers
While unemployment in the construction sector remains high, hiring has picked up since last year and a pickup in the housing market may mean construction workers will soon return to work, said mortgage-finance company Freddie Mac (FMCC).
Mizuho Fined $127.5 Mln Over CDO
Securities and Exchange Commission fined Mizuho Securities USA, a unit of Mizuho Financial , $127.5 million for allegedly misleading investors in a collateralized debt obligation by using "dummy assets" to inflate the deal's credit ratings.