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NEW YORK -- The risk premiums on debt securities issued by Fannie Mae and Freddie Mac hit record weak levels Wednesday morning.

Investors were reacting to the prospect of more government debt supply, and purchases of underperforming mortgage bonds by these two government-sponsored enterprises.

HONG KONG -- China's sovereign wealth fund said it expects to recoup $5 billion it invested in a U.S. money-market fund because it requested the money be withdrawn shortly before the fund froze redemptions.

China Investment Corp. said Wednesday it was no longer an investor in the Reserve Primary Fund when the fund suspended redemptions Sept. 16. CIC hasn't yet received the money back but expects to receive the full amount, it said in a statement on its Web site.

Cadence Design Systems Inc.'s President and Chief Executive Michael Fister resigned as the semiconductor-design software has seen its fortunes weakened by losses and following a failed takeover bid for rival Mentor Graphics Corp.

Four other senior executives also resigned, including the president of world-wide field operations and head of the company's products and technologies. All the departures are effective immediately.

By Tim Johnston
Washington Post Foreign Service
Wednesday, October 15, 2008; 10:49 AM

BANGKOK, Oct. 15 -- A court in Vietnam on Wednesday sentenced a journalist to two years in prison after he exposed a scandal involving Transportation Ministry officials siphoning off aid money, in part to bet on European soccer matches.

Nguyen Viet Chien, who worked for the Thanh Nien daily newspaper, was convicted of "abusing democratic freedoms to infringe upon the interests of the state." One of his sources, Lt. Col. Dinh Van Huynh, 50, was given a one-year sentence for "deliberately revealing state secrets."

E! Online - It's love that means never having to say you're sorry—not drug busts.

Reuters - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial sector.

AP - Madonna and filmmaker Guy Ritchie will end their marriage after nearly eight years, the couple said in a joint statement Wednesday.

AP - Janet Jackson is returning to her "Rock Witchu" tour and — finally — revealing the mystery illness that led her to cancel a string of concerts.

E! Online - Add Bon Jovi to the ever-growing list of liberal-leaning artistes taking umbrage at being used as pied pipers for Sarah Palin.

Reuters - The author of the best-selling book "Gomorra" about the mafia in Naples, which has been made into a hit movie, wants to leave Italy to try to have a more normal life after reports that the mob wants him dead by Christmas.