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Lewis: BofA Execs Shouldn't Get Bonuses
Bank of America CEO Lewis is recommending that he and his top lieutenants receive no bonuses for 2008. The bank tapped Dan Sontag to succeed Bob McCann as chief of the Merrill Lynch brokerage force.
Wall Street Journal  –  7 hours, 42 minutes ago  –  comment?
Mortgage-backed securities jump, signaling rates to drop
SAN FRANCISCO (MarketWatch) -- Mortgage-backed securities rallied Tuesday, sending yields sharply lower, which indicates mortgage rates are likely to fall further. Yields on securities of pooled mortgages backed by Fannie Mae fell 30 basis points Tuesday from Monday's close, following a 17 basi ... more »
MarketWatch.com  –  7 hours, 43 minutes ago  –  comment?
Overview: Equities push higher despite data gloom
The tentative optimism that has pervaded financial markets showed little sign of abating
Financial Times  –  8 hours, 13 minutes ago  –  comment?
Oil ends lower first day in four after topping $50
NEW YORK (MarketWatch) -- Crude-oil futures closed lower Tuesday for the first session in four after rallying above $50 a barrel, as demand concerns rekindled by downbeat economic data outweighed signals that the OPEC cartel will move forward with production cuts. Crude for February delivery was las ... more »
MarketWatch.com  –  8 hours, 29 minutes ago  –  comment?
German Billionaire Commits Suicide
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global financial crisis, his family said.
Wall Street Journal  –  8 hours, 34 minutes ago  –  comment?
Chemical Sector Boosted by Oil's Rise
The chemical sector may front-run the broader market, says Jefferies.
Barron's Online  –  8 hours, 48 minutes ago  –  comment?
Moody's Downgrades Bahrain Outlook
Moody's Investors Service downgraded the credit outlook for the kingdom of Bahrain, marking the first sovereign-rating hit to the oil-rich Persian Gulf amid tumbling crude prices and a global financial crisis.
Wall Street Journal  –  9 hours, 8 minutes ago  –  comment?
Democrats introduce bill to let judges adjust mortgage terms
A Democratic plan to change bankruptcy law so judges could adjust the terms of mortgages is officially back. Sen. Richard Durbin, D-Ill., in the Senate and Rep. Brad Miller, D-N.C., in the House on Tuesday introduced complementary legislation designed to reduce foreclosures by giving judges the auth ... more »
MarketWatch.com  –  9 hours, 16 minutes ago  –  comment?
Tyson fined $500,000 in worker's death
SAN FRANCISCO (MarketWatch) -- Tyson Foods Inc. pleaded guilty in U.S. District Court in Arkansas and agreed to pay a fine of $500,000 for violating worker safety regulations that led to a worker's death in its River Valley Animal Foods plant in Texarkana, Ark., the Justice Department said Tues ... more »
MarketWatch.com  –  9 hours, 22 minutes ago  –  comment?
Treasurys little changed after Fed minutes
NEW YORK (MarketWatch) -- Treasurys were little changed on Tuesday after Federal Reserve policy makers said in minutes of last month's meeting that they saw increasing risks of depression and deflation as they grappled with employing new tools to stabilize the economy. Ten-year note yields fell ... more »
MarketWatch.com  –  9 hours, 28 minutes ago  –  comment?