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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. Read More Add Comment (0)

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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. Read More Add Comment (0)

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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. Read More Add Comment (0)

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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. Read More Add Comment (0)

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