Moody’s cuts WaMu credit rating
Houston Chronicle - The new ratings are still considered investment grade, but reflect moderate credit risk. Moody’s also put a negative outlook on all Washington Mutual entities.
After Bear Stearns, who might be next?
Forbes - Is this going to happen to other investment banks? A: Nobody knows for sure, but it could. Until proven otherwise, the market will probably act as if there are more near-collapses to come — just as it did on Friday, when investors sold off their bank
CORRECTED: Clinton pitches plans to battle rising energy prices
Boston Globe - Clinton called for investment in substitute energy, higher fuel economy standards for automobiles and a one-year moratorium on additions to the nation’s strategic oil reserves.
Jackson lawyer: Neverland auction off
Boston Globe - Londell McMillan, told The Associated Press his client has worked out a confidential agreement with Fortress Investment Group LLC allowing him to retain ownership of the estate.
Fitch cuts Bear Stearns rating four notches
Reuters - NEW YORK, March 14 (Reuters) - Fitch Ratings on Friday cut Bear Stearns’ (BSC.N: Quote , Profile , Research ) credit ratings by four notches after the fifth-largest U.S. investment bank said a cash squeeze had forced it to turn to the Federal Reserve
Rapco, Major Custom Cable under new ownership
Southeast Missourian - The company was controlled by Cameron Holdings, a San Diego-based investment firm that also has offices in St. Louis. “For us it was our fourth ownership group,” Williams said.
London traders told stop dealing with Bear: sources
Reuters - JPMorgan Chase & Co and the Federal Reserve Bank of New York on Friday concurred to provide emergency financing to Bear Stearns after the investment bank said its cash position had deteriorated sharply, sending its shares into freefall.
Bear Stearns gets a lifeline from Fed and a rival
International Herald Tribune - NEW YORK : Bear Stearns, facing a grave liquidity crisis, reached out to JPMorgan on Friday for a short-term financial lifeline and now faces the prospect of the end of its 85-year run as an independent investment bank. With the support of the
Masimo to Present at Citi Investment Research 5th Annual Small & Mid
Forbes - IRVINE, Calif., March 14 /PRNewswire-FirstCall/ — Masimo Corporation (Nasdaq: MASI), the inventor of Pulse CO-Oximetry and Measure-Through Motion & Low Perfusion pulse oximetry, this day announced that it is scheduled to present at the Citi Investment
FIFA executive backs quota for foreign players
Reuters UK - Blatter, who has the full support of his executive committee for the proposals, said the idea would strengthen the identity of clubs and promote investment in developing young players.
US SEC working on “fair value” accounting tips
Reuters South Africa - Late last year, the SEC issued a similar letter to about two dozen large banks, investment banks and insurance companies, urging them to disclose their risks linked to the subprime credit market.
Sector roundup: Airlines, women apparel
MSN MoneyCentral - NEW YORK (AP) — Shares of investment bank Bear Stearns Cos. lost nearly half their value, and led other investment banking stocks lower, after JPMorgan Chase & Co. said it and the Federal Reserve Bank of New York would provide funding to the
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