TOP 100 FINANCIAL SITES
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| Countrywide foresaw "distress" absent B of A deal NEW YORK (Reuters) - Countrywide Financial Corp , the largest U.S. mortgage lender, contemplated a possible downgrade to junk status, rising loan losses and a draining of uninsured deposits before agreeing last month to be acquired by Bank of America Corp . feeds.reuters.com |
Toyota's Indonesia unit plans to produce, export diesel SUV The Japanese top automaker, Toyota Motor Corp, plans to assemble diesel sports utility vehicle Fortuner in its Indonesian plant and considers overseas sales, an executive said Saturday. Local subsidiary PT Toyota Motor Manufacturin ... english.people.com.cn |
Borders Considers Selling Itself Borders retained Merrill Lynch and J.P. Morgan to help the bookseller explore strategic alternatives, including selling the company or certain divisions. Its shares tumbled. online.wsj.com |
Washington Mutual Raising $7 Billion SEATTLE (AP) -- Washington Mutual Inc., hit hard by rising delinquencies and defaults on mortgages, said Tuesday it will receive $7 billion in new capital from an investment group led by private equity firm TPG but will post a wider-than-expected loss for the first quarter.... hosted.ap.org |
Slowing Sales Hurt Motorola Motorola said its first-quarter loss widened on severance costs from 2,600 job cuts and continued poor sales in the company's mobile-devices unit. online.wsj.com |