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Quote for the day:
The first and wisest of them all professed
To know this only, that he nothing knew.
- John Milton, Paradise Regained
In the news:
Friedman, Billings, Ramsey downgraded Countrywide and says Bank of America is likely to renegotiate its deal to buy Countrywide Financial Corp down to the $0 to $2 level or completely walk away from it due to rapid deteriation in Countrywide's loan portfolio.
Yahoo shares fell 22% in premarket trading on Monday after Microsoft withdrew its $47.5 billion takeover offer. Yahoo had rejected Microsoft's $33-per-share bid as too low and demanded $37 per share instead.
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Quote for the day:
The first and wisest of them all professed
To know this only, that he nothing knew.
- John Milton, Paradise Regained
In the news:
Friedman, Billings, Ramsey downgraded Countrywide and says Bank of America is likely to renegotiate its deal to buy Countrywide Financial Corp down to the $0 to $2 level or completely walk away from it due to rapid deteriation in Countrywide's loan portfolio.
Yahoo shares fell 22% in premarket trading on Monday after Microsoft withdrew its $47.5 billion takeover offer. Yahoo had rejected Microsoft's $33-per-share bid as too low and demanded $37 per share instead.
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