Lehman's CFO and COO ousted as turmoil takes a new turn

Date: Thu, 12 Jun 2008 17:07:50 -0400

Lehman's chief financial officer and chief operating officer are leaving
their posts, a fresh reflection of the firm's turmoil and the latest
victims of the credit crisis swirling across Wall Street.

Market cheers InBev's $46 billion Anheuser-Busch bid

The stock market cheers InBev's $46 billion offer for Anheuser-Busch,
sending shares of both brewers as the Belgian brewer attempts to woo
shareholders of the St. Louis firm.

The Fed: Plosser calls for quick rate hike

Philadelphia Federal Reserve President Charles Plosser calls for a quick
rate hike to combat inflation pressures that have moved beyond commodity
prices.

Forecaster of the Month: Raising rates would be crazy, top forecaster
says

The Federal Reserve would be crazy to raise interest rates in the
opening stages of a once-in-a-lifetime economic downturn, top economic
forecaster Ian Shepherdson says.