Tuesday, Apr 22, 2008

US open: Markets assaulted by bad news

Yahoo: US open: Markets assaulted by bad news

The day had got off to a dreary start with news that Carlyle Capital, a fund run by private-equity firm Carlyle Group, was on the point of complete collapse after it defaulted on about $16.6bn in loans. It (Frankfurt: A0MLX5 - news) sparked fears that CCC's creditors might dump their holding onto the market, weakening it even further.

Posted by mark @ 03:42 PM (166 views) Add Comment

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