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Calif. may ban cell phone use by train operators
Amid a federal investigation into whether a Metrolink engineer was texting before Friday s deadly commuter train wreck, the state s top rail safety regulator is seeking an emergency order banning train operators from using cell phones. (...)
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Nortel forced to reforecast, put unit on block
Downturn and delays skewer Q3 revenues It’s back to the future at Nortel, with the company forced to tell investors it was scaling back its third forecasts amid a “sustained and expanding economic downturn”.…
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WaMu lowered to junk by S P - CNN Money
NEW YORK (CNNMoney.com) Washington Mutual had its credit rating lowered to junk Monday by Standard Poors amid continuing weakness in the housing market. The action follows downgrades of the nation s largest savings-and-loan by Fitch Ratings and Loan Info NEW YORK (AP) _ A group of global banks and securities firms announced [...]
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