U.S. may avoid recession but prospects dwindling Reuters UK - At the same time, the credit crisis could simply roll on throughout the year as more funds and investor loans firms announce write-offs associated with failing home loans. Bruce Kasman, chief economist at JPMorgan, the nation's third-largest bank, puts the odds of a Source: uk.reuters.com Front-runner Carrefour pulls out of Migros auction MSN MoneyCentral - The sale is seen as an important test of whether private equity groups relying on bank loans to finance leveraged buyouts can still compete with trade buyers in the wake of the credit squeeze. The auction being run by JPMorgan has already suffered Source: moneycentral.msn.com
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