US CREDIT-McKesson&#39;s difficulties may mount
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Drug distributors are generally facing shrinking margins, but McKesson Corp. (MCK.N: Quote, Profile, Research) may have added difficulty in coming years because of long-term litigation connected to its accounting.
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Credit worries will take a further bite out of global economic growth, including Europe.
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WASHINGTON -- Treasury Secretary Henry Paulson said Wednesday that the turbulence that has hit financial markets will take some time to be resolved, especially in the area of subprime mortgages.
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American credit card debt is growing at the fastest rate in years, a fact that may signal coming trouble for the banks that issue them.
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Morgan Stanley expects several more quarters before credit markets return to more normal activity, and structured credit markets could be challenged for an extended period, the company's chief financial officer said.
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In the wake of America&#39;s crushing defeat in the Ryder Cup there were calls for the annexation of the Pacific island of Fiji. Having the world No 1 on their team might or might not have helped the US at Oakland Hills.
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Lots of debt could mean tough times ahead.
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US stocks were mixed on Monday as worries about increased credit losses at American International Group (NYSE:AIG) added to fears that US companies face further credit-related turmoil.
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GMAC LLC, the auto and mortgage lender  controlled by Cerberus Capital Management LP , may face  "substantial difficulty" if credit markets do not improve,  Cerberus founder Stephen Feinberg wrote in a January letter to  investors, Bloomberg News reported on Thursday.
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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Officials from the US Olympic Committee and their South Korean counterparts might seek to solve the dispute over US gymnast Paul Hamm&#39;s gold medal in
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The nation&#39;s banks are heavy users of the complex financial contracts at the heart of Fannie Mae&#39;s accounting woes, but bank regulators and financial experts said banks likely will avoid Fannie&#39;s troubles.
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Data showing low US consumer confidence makes a US interest rat cut on Wednesday seem more likely.
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NEW YORK, October 20  - The US Federal Reserve Chairman, Alan Greenspan, does not expect the record high consumer debts and rising home prices to emerge as serious sustained threats to the US economy.
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Wall Street extended last weekâs losses in early trading as investors remained skeptical that the Federal Reserveâs first credit auction will be effective in loosening up a tight market.
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US trade policy is far from perfect, of course. But election year rhetoric, particularly that on &quot;outsourcing&quot; of jobs, may have given some Americans a distorted view of reality.
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At the core of this issue is whether or not US producers suffered a &#39;material injury&#39;. According to US trade law, punitive duties for countervailing and anti-dumping may only be put in place if