Reuters to Cut 5% of Newsroom Jobs - WSJ.com
"Thomson Reuters employs approximately 2,800 journalists globally, so the cuts translate to about 140 people. The cuts will begin in the next month, the people said."
BofA Says Bonds to Beat Stocks in Debt Gridlock - Bloomberg
"Strategists from Bank of America Corp. (BAC) to Wells Fargo & Co. (WFC) predict dollar-denominated corporate bonds will outperform stocks this month if political gridlock persists with the government partially shut down this week.Company debt in the U.S. has gained 1 percent since Sept. 17, the day before the Federal Reserve surprised investors with its decision to maintain unprecedented economic stimulus, compared with a 0.5 percent decline on the Standard & Poor’s 500 Index. In August 2011, the last time legisla...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.