The U.S. Securities and Exchange Commission may propose within a month that the so-called uptick rule be reinstated, as regulators aim to bolster markets roiled by the worst financial crisis since the Great Depression.
The SEC staff may advise the agency’s five commissioners to vote on the proposal at a public meeting, SEC spokesman John Nester said today in a statement. The agency will solicit public comment before deciding whether to bring back the rule, which bars investors from betting against a stock until it sells at a higher price than the preceding trade.
|
|
SEC May Weigh Reviving Uptick Rule to Bolster Markets
http://www.bloomberg.com –
|
|
Deals of the Day: Merck and the Great Drug Maker Merger Sweepstakes
http://blogs.wsj.com –
Bankruptcy & Restructuring:
The bottom rung: Moody’s on Tuesday is publishing a list called the Bottom Rung, detailing the companies that the firm says are most likely to default on their debts. [WSJ]
|
|
Moody’s Bottom Rung
http://blogs.reuters.com –
Moody’s published its “U.S. Bottom Rung” on Tuesday a list of companies that the corporate credit ratings agency thinks are at most risk of defaulting on their debt. There are 283 companies on the list, which is current as of March 1, including some near and dear names for people who love the media business.
Read more »|
|
Whirlpool's (WHR) Maytag to Recall 1.8M Refrigerators in US
http://www.streetinsider.com –
In a Form 8-K, Whirlpool's (NYSE: WHR) Maytag Corp. announced a voluntary recall of 1.8 million refrigerators sold in the U.S. and Canada between 2001 and 2004. The recall is due to a defect in an electrical relay component purchased from a supplier. Maytag’s actual costs related to this action will depend on several factors, including the number of consumers who respond to the recall, the costs of repair and administration, and whether costs will be recovered from the supplier.
Read more »|
|
Maytag, CPSC Recalls 1.6M Refrigerators
http://www.twice.com –
Maytag and the U.S Consumer Product Safety Commission (CPSC) announced a voluntary recall of about 1.6 million refrigerators today, due to an electrical failure that could cause a fire.
The recall notice said an electrical failure in the relay component that turns on the refrigerator's compressor can cause overheating and pose a serious fire hazard.
Maytag received 16 reports of property damage ranging from smoke damage to extreme kitchen damage and 41 reports of refrigerator relay ignition.
|
|
Maytag Refrigerator Recall Affects 1.6 M Units
http://www.huliq.com –
This morning an enormous Maytag recall is announced. The fire hazard has prompted a Maytag Refrigerator recall, which affects 1.6 million units of refrigerators.
The The U.S. Consumer Product Safety Commission and Maytag announced that the company recalls the refrigerators that affect 1.6 million units. It's a voluntary recall and includes Maytag®, Jenn-Air®, Amana®, Admiral®, Magic Chef®, Performa by Maytag® and Crosley® brand refrigerators.