Peter Bernstein Worries about Financial Crisis
One Guy Who Has Seen It All Doesn’t Like What He Sees Now. Peter Bernstein has witnessed just about every financial crisis of the past century.
As a boy, he watched his father, a money manager, navigate the Depression. As a financial manager, consultant and financial historian, he personally dealt with [...]

Washington Mutual pools $7 Billion in capital through an investment group
The nation’s largest savings and loan, Washington Mutual, said Tuesday morning that it had raised $7 billion in capital through an investment group led by private equity firm TPG. It also said that it would slash its quarterly dividend.
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Washington Mutual Press Release
Washington Mutual also said [...]

Investment Bank Lehman Brothers to Sue Japanese Trading Firm Over Alleged Fraud
 Lehman Brothers is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of dollars, officials at the U.S. investment bank said Sunday. TOKYO
Lehman is seeking to recoup $350 million in outstanding loans, which it [...]

Crack credit crunch: Fixing Wall Street means getting investors better information
How to crack the credit crunch - Fixing Wall Street means getting investors better information - and the sooner the better
Financial reformers have a chance to give stressed-out markets a desperately needed reality check.
This month’s near collapse of Bear Stearns (BSC, Fortune 500) has brought [...]

Eli Lilly the Drugmaker’s incoming CEO believes his science background will help generate blockbusters
The drugmaker’s incoming chief believes his science background will help generate some much-needed blockbusters.
Eli Lilly & Co.’s incoming chief executive believes his background in the laboratory provides the formula needed to fill the drugmaker’s dwindling pipeline.
“The sweet spot for me, in terms [...]