PHOENIX COMPANIES - ANALYSIS-Rise of "zombie" firms favours credit over stocks - Forbes PHOENIX COMPANIES - ANALYSIS-Rise of "zombie" firms favours credit over stocks - Forbes

Wednesday, February 18, 2009

PHOENIX COMPANIES - ANALYSIS-Rise of "zombie" firms favours credit over stocks - Forbes

LONDON, Feb 18 (Reuters) - High-grade credit is likely to outperform equities as pressure intensifies on governments to prop up troubled companies, a move which would increase the odds for the sort of stagnation seen in Japan in the past decade. Any in STOCKMARKET NEWS >

MOSCOW— Russian stocks plunged on Wednesday, prompting one exchange to halt trading as the ruble dropped 2 percent against the dollar and the euro, and oil prices continued to slide. Stocks at the MICEX -- where most of Russia's trading takes place in STOCKMARKET NEWS >

Deere & Co. Deere & Co. (DE 33.49) reported much lower-than-expected earnings for its fiscal first quarter and said, "ongoing higher material costs, the deepening global recession, and volatile foreign exchange rates have put downward pressure on our in STOCKMARKET NEWS >

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