(Reuters) - Widening fallout from the U.S. housing slump has rattled
credit markets, putting investors on edge about the outlook
for corporate takeovers and share buybacks -- two catalysts of
the market's recent rally to record highs.
On Friday, Standard & Poor's cut its ratings outlook on
the debt of investment bank Bear Stearns Cos., fanning
concern that troubles in the subprime mortgage market are
spreading, which could threaten the economy's health.
Read more at Reuters.com Economic News
credit markets, putting investors on edge about the outlook
for corporate takeovers and share buybacks -- two catalysts of
the market's recent rally to record highs.
On Friday, Standard & Poor's cut its ratings outlook on
the debt of investment bank Bear Stearns Cos., fanning
concern that troubles in the subprime mortgage market are
spreading, which could threaten the economy's health.
Read more at Reuters.com Economic News
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