Wave of yacht loans hits Puget Sound credit unions; no crisis foreseen
As the recession bears down on the wealthy, Washington credit unions are increasingly foreclosing on assets with sweet-sounding names: Pleasant Dream and White Dahlia, to name a couple. feeds.bizjournals.com |
Workers’ comp rates drop for fourth straight year
Oregon employers will pay less for workers’ compensation insurance coverage in 2010. feeds.bizjournals.com |
Rusal (at FT.com)
Oleg Deripaska, Russia's one-time richest man, has stared into the abyss this past year. But now the Rusal aluminium group he controls has completed a labyrinthine restructuring of its $16.8bn debt mountain, including $7.4bn owed to 70-odd international lenders. us.rd.yahoo.com |
Morgan Stanley CEO Mack again declines bonus (AP)
Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's employees on Friday, Mack said he recommended to the board last week that he receive no year-end bonus "given this unprecedented environment and the extraordinary financial support governments provided to our industry." us.rd.yahoo.com |
TradingMarkets 7 ETFs You Need to Know for Friday (TradingMarkets.com)
Semiconductors, as represented by exchange-traded funds like the Semiconductor HOLDRS ETF, SMH, joined the pullback in the broader technology sector on Thursday. us.rd.yahoo.com |