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Washington Mutual tumbles 30 percent to 17-year low NEW YORK (Reuters) - Washington Mutual Inc shares sank 30 percent to a 17-year low and the perceived risk of its debt soared on worries the largest U.S. savings and loan will not find a buyer or raise enough capital to combat soaring mortgage losses. ReutersSmall US banks defer hybrid debt payments Growing numbers of small US banks and savings institutions are showing signs of stress by deferring their payments on so-called trust preferred securities FT.comTax Deductions (Business Tax Deduction Tips) Tax deductions contribute to national prosperity by providing capital to business. Tax deductions reduce taxable income. A $100,000 tax deduction reduces federal income tax by $35,000 ($100,000 X 35%) assuming a 35% income rate. Options for increasing business tax deductions include revising depreciation schedules, reviewing fixed asset listings, casualty losses, bad debts, and charitable contributions. ezinearticles.comLow risk, high yield investment options Know more While bond yields appear low compared to the prevailing inflation in India, it is still far higher than yields in other countries ? making it attractive for NRIs to earn higher return in Indian debt investments. Money ControlJust how scary is Russia? The Cold War was supposed to be history, a topic today's twentysomethings know about only from the classroom, not from doing duck-and-cover drills in elementary school, as their parents did. In the 17 years that have passed since the demise of the Soviet Union, any threat Russia posed had pretty much been relegated to defaulting on its debt. CNNWashington Mutual at 17-year low, debt risk soars Washington Mutual Inc stock sank as much as 30 percent to its lowest level in 17 years and the perceived risk of its debt soared on concern it won't find a buyer or raise enough capital to combat soaring mortgage losses. SignOnSanDiego.com |
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