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  • SYDNEY, Nov 6 (Reuters) - Australia's central bank will begin to accept commercial paper as collateral for loans, the latest in a string of measures to add liquidity to money markets amid a global credit squeeze. The Reserve Bank of Australia (RBA) said on Thursday the move was aimed at easing a logjam in the commercial paper (CP) market, where companies do much of their short-term borrowing. ...
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  • CHARLOTTE, N.C. – Insurance brokerage Marsh & McLennan Cos. on Wednesday reported a third-quarter loss, reversing a year-ago profit when it got a boost from the sale of Putnam Investments. Its results came in below Wall Street expectations, and ...
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