Torrent of trouble rattles financial sector

Date: Wed, 11 Jun 2008 17:04:46 -0400
Torrent of trouble rattles financial sector

Shares of the nation's largest banks and brokerage firms fell Wednesday
on a whirlwind of bad news and lowered expectations, from the prospect
of expanding regulation to the fire sale of repossessed New York City
skyscrapers.

Futures Movers: Crude futures close over 4% higher as supply falls a
fourth week

Higher crude-oil futures are punctuated by fresh data detailing tighter
U.S. petroleum supplies, erasing all of Tuesday's pullback.

Emerging Markets Report: Mexican exchange's IPO faces hurdle on high
price, equity jitters

The initial public offering of Mexico's sole stock exchange is on track
for a lackluster debut this week, the potential victim of tumultuous
global equity markets and a high price estimate for its newly issued
shares, analysts say.

Merrill's liquidity is strong, CEO Thain says

Merrill Lynch's John Thain says the firm's liquidity remains strong, and
that its exposure to bond insurers is well hedged. .

Martha Stewart Living Omnimedia CEO resigns

Susan Lyne has resigned as president and CEO of Martha Stewart Living
Omnimedia Inc. and will be replaced by two high-level executives, the
media company says.