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U.S. Stock Futures Drop on Credit-Loss Concern; Lehman Retreats (Bloomberg.com)
Aug. 19 (Bloomberg) -- U.S. stock-index futures fell as JPMorgan Chase & Co. analysts said Lehman Brothers Holdings Inc. may post $4 billion of credit writedowns and investors speculated a report today may show housing starts dropped to a 17-year low.
Identity theft precautions (The Hannibal Courier-Post)
Identity Theft Precautions was the topic as Ron Hendren addressed the Hannibal Evening Kiwanians June 23. Hendren shared stories concerning identity theft and recommended a number of things that any person can do to help protect themselves: Do not sign the back of credit cards, instead put “Photo ID Required,” Do not put full credit card numbers on checks, use only the last four digits.
Lehman May Report $4 Billion Writedown, JPMorgan Says (Update3) (Bloomberg.com)
Aug. 19 (Bloomberg) -- Lehman Brothers Holdings Inc. may write down about $4 billion in credit-related investments and other assets when it reports fiscal third-quarter earnings, JPMorgan Chase & Co. analysts said.
Losses mount on inflation, credit jitters (Reuters via Yahoo! News)
Stocks extended losses on Tuesday as a report showing that underlying inflation is picking up speed added to worries about the economy, and fears of more credit losses sunk financial shares for a second straight day.
Romanian Pleads Guilty Over Phishing Scam (Enterprise Security Today)
One of 38 people charged in a global crime ring that allegedly stole personal information from unsuspecting Internet users pleaded guilty Tuesday to a federal fraud charge. Ovidiu-Ionut Nicola-Roman, 22, of Craiova, Romania pleaded guilty to conspiracy to commit fraud in U.S. District Court in Bridgeport. Authorities accuse the defendants of stealing names, Social Security numbers, credit ...
Yen Advances as Credit Losses Damp Demand for Higher Yields (Bloomberg.com)
Aug. 19 (Bloomberg) -- The yen increased to a three-month high against the euro on speculation financial firms will report more losses, reducing demand for higher-yielding assets funded by loans in Japan.
(AFX UK Focus) 2008-08-19 15:38 US STOCKS-Losses mount on inflation, credit jitters (Interactive Investor)
NEW YORK, Aug 19 (Reuters) - U.S. stocks extended losses on Tuesday as a report showing that underlying inflation is picking up speed added to worries about the economy, and fears of more credit losses sunk financial shares for a second straight day. Data pointing to further deterioration in the housing market added to the negative tone, along with a brokerage's forecast of more writedowns at ...
Conn. credit union troubles spark probe by attorney general, questions from lawmakers (Journal Inquirer)
The government’s liquidation of two relatively small credit unions in Meriden and New London and a report that a much bigger credit union in Wallingford has suffered $148 million in “paper” losses has spurred a state investigation and another demand by lawmakers for information from the state Banking Department.
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