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Merrill may write down about $6 bln in Q2: Citigroup
Written by Reuters   
Monday, 07 July 2008
(Reuters) - Merrill Lynch & Co may write down about $6 billion in the second quarter primarily driven by losses on high-grade collateralized debt obligations (CDOs) positions and monoline exposure, said analyst Prashant Bhatia at Citigroup.


Read more at: http://feeds.reuters.com/~r/reuters/businessNews/~3/328914603/idUSBNG18162720080707.
 
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FED, SEC reach agreement to share bank information
Written by Reuters   
Monday, 07 July 2008
WASHINGTON (Reuters) - The Federal Reserve and securities regulators have formalized an agreement to share information about the country's investment and commercial banks, the Fed said on Monday.


Read more at: http://feeds.reuters.com/~r/reuters/businessNews/~3/328997337/idUSN0741224220080707.
 
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Fed ready for hard choices on inflation: Yellen
Written by Reuters   
Monday, 07 July 2008
LA JOLLA, California (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen on Monday said that the Fed cannot be just "hopeful" that inflation will come down, but must be prepared to make hard choices as needed.


Read more at: http://feeds.reuters.com/~r/reuters/businessNews/~3/329013028/idUSNAT00418420080707.
 
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Jobs market in for weak spell
Written by Reuters   
Monday, 07 July 2008
NEW YORK (Reuters) - The Conference Board said on Monday there was little reason to expect the U.S. labor market to recover in the months ahead after its jobs index fell in June to its lowest since late 2004.


Read more at: http://feeds.reuters.com/~r/reuters/businessNews/~3/328945523/idUSN0740859120080707.
 
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