Stocks News

"Due to recent turmoil in the market for mortgage-backed securities, the company's lenders have significantly reduced the amount they are willing to lend against the company's portfolio"

Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in securities, the listed mortgage-bond fund said Monday.

Carlyle Capital shook financial markets last week after missing margin calls from banks on its $21.7 billion portfolio of residential mortgage-backed bonds. It said some $5 billion in securities held as collateral may have already been sold.

The fund, an affiliate of the U.S.-based private equity firm Carlyle Group, warned that if it fails to reach an agreement with remaining lenders, all of its securities may be liquidated. Read more

"We feel pretty strongly that, come November, we're going to get those people back"

Pennsylvania Democrats have added more than 65,000 voters to their rolls since last fall, a reflection of the high level of interest in the contested race for the party's presidential nomination and the state's ... via The Boston Globe

Long-term Treasury prices rose Monday as stocks came under pressure from disappointing earnings results from Blackstone Group and others. via StarNewsOnline.com

"In fact, today's report on last month's job market leaves little doubt that the US economy is in recession"

AN EMERGENCY interest rate cut by the US Federal Reserve is possible ahead of its next scheduled monetary policy meeting on March 18, according to a Goldman Sachs research note overnight. via News.com.au

European shares fall again as fears increase that the U.S. economy is close to a recession. via Reuters

"I just keep on saying to myself ... pressure is a privilege."

A hard-charging former prosecutor tries to set Wall Street right from his perch as a state official. via International Business Times

Malaysian stocks plunged Monday following weekend elections which saw the ruling National Front coalition suffer a major set back, losing its two-thirds majority for the first time in almost four decades. via MarketWatch

Wall Street headed toward a flat opening Monday as investors smarting from a pummeling last week sifted through mixed reports on how companies are handling a slumping economy and tight credit markets. via The Post-Standard

The Sensex witnessed some buying at lower levels. The 30-share index is currently down by 198 points after plunging nearly 500 points in early trade. via Sify

"Unfortunately, the volatility in global markets remains and we have seen funding costs continue to increase, particularly since February as funding from global markets has become tighter and as a result more costly."

The Commonwealth Bank of Australia has lifted its interest rates on its standard variable home loans by 30 basis points. via The Epoch Times