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Lehman Sees Banks, Others Writing Down $400 Billion

NEW YORK (Reuters) - Lehman Brothers Inc strategists expect financial institutions worldwide to write down as much as $400 billion for bad debts by the end of 2008, and said

April 8th, 2008

Analysts Slash Q1 Estimates For U.S. Banks

BANGALORE (Reuters) - Since the start of the month, Wall Street analysts have forecast first-quarter losses at Citigroup <C.N> and Merrill Lynch <MER.N> and slashed their earnings estimates for several

April 8th, 2008

MBIA Says Disagrees With Fitch’s Downgrade

NEW YORK (Reuters) - MBIA Inc <MBI.N>, the largest bond insurer in the world, said on Friday it disagreed with rating agency Fitch's decision to strip its main unit of

April 8th, 2008

Gates Sees Next Windows "sometime" in Next Year

MIAMI (Reuters) - Microsoft Corp.<MSFT.O> co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next

April 8th, 2008

All about Standard & Poor’s (S&P)

Standard & Poor's (S&P) is a division of McGraw-Hill that publishes financial research and analysis on stocks and bonds. It is one of the top three companies in this business,

March 29th, 2008

Bush Readying Mortgage Aid Plan: Report

WASHINGTON (Reuters) - The Bush administration is finalizing a plan to rescue thousands of homeowners facing foreclosure by helping them refinance into more affordable loans, the Washington Post reported in

March 29th, 2008

China Says Global Economy May Cause Policy Shifts

SHANGHAI (Reuters) - China will keep monetary policy tight for now but recognizes it might need to adjust the strength and timing of policy in response to changes in the

March 29th, 2008

Lehman Brothers Hit By Fake Marubeni Papers

TOKYO (Reuters) - U.S. investment bank Lehman Brothers was defrauded of some $353.1 million after it was caught in a scam in Japan, a source familiar with the situation told

March 29th, 2008

German Ministry Denies Bundesbank Gold Sale Report

BERLIN (Reuters) - Germany's Finance Ministry said on Saturday a magazine report that the government wants the Bundesbank to sell some of its gold reserves to help ease pressure on

March 29th, 2008

JC Penney Lowers Earnings View

NEW YORK (Reuters) - Department store operator JC Penney Co Inc <JCP.N> on Friday cut its first-quarter earnings forecast and said it expects the environment to remain difficult throughout 2008,

March 29th, 2008

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