Mario Morales, analyst with market researcher IDC, is in the unenviable position of following one of the most bedraggled sectors in technology right now: semiconductors.
Among the companies whose shares are expected to see active trade in Tuesdayâ??s session are AIG, Basilea, Genentech, HealthSouth, Hertz, Home Depot, MAP Pharma, Medco, Nordstrom and RadioShack.
US stock futures retreated sharply on Monday after troubled insurer AIG posted record quarterly losses and reached a revised deal with the US government, under which it will receive $30 billion capital to survive the worst crisis in decades.[More...]
The pace of corporate defaults increased rapidly in fourth-quarter 2008, and it hasn’t slowed down yet this year,according to Standard & Poor’s Global Corporate Default Update.
Another four issuers defaulted last week, bringing the total to eight global corporate defaults so far in 2009, compared with 122 in all of 2008.
Of the four defaults this week, [...]
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