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Thursday March 31 Snapshot of Dow Jones Industrials Component Stocks Goldberg Oil Rises, Gasoline Surges to Record on Concern Over U.S. Refining Supply BL Goldman: Crude could reach $105 a barrel CBSM Twilight in the Desert Amazon (Simmons) Review The Coming Saudi Oil Shock and the World Economy Treasuries Gain as Jobless Claims Increase, Inflation Measure Unchanged BL Personal Spending Increases 0.5%; Incomes Rise 0.3% BL BEA Jobless Claims in U.S. Rise in Last Weekly Tally Before March Jobs Report BL What fresh hell is this? Daughty Buying GDP Growth with Debt Calculated Risk Is There a Big Move on the Horizon? Schaeffers Is Greenspan between a rock and a hard place? G-E Party pooper USNews Even Stephen Roach Has It Wrong EP Prepare for a sell-off through summer TheStreet From Fannie to AIG to GE to Berkshire, all too many U.S. companies have turned into heavily camouflaged, leveraged hedge funds It's a Totally New Paradigm Mish’s "Be Scared--I sell real estate in Manhattan" EW The risks from falling home prices CBSM More home buyers go with adjustable-rate mortgages USAT Dude, where's my rent? Boston Globe ''I am young and property values are soaring," said 19-year-old Rayford Kelley, who bought a $560,000 fixer-upper in Roxbury with no money down. ''It can be rough sometimes. But in the end, I'll be the one making out and cashing in." As housing funds run dry, lawmakers tee up bill to replenish trust Townonline Gas costs change lifestyles USAT Crude Futures Rise AP How Detroit lost its cool Macleans Will GM Spoil Economic Growth? Hudson Freddie Mac Net Income Falls 42 Percent Amid $4.5 Billion Derivatives Loss BL Ex-CFO: HealthSouth Hot Line Was 'Joke' AP S&P downgrades its assessment of Morgan Stanley Times Online AIG's Coral Insurance Woes May Add Up Crudele AIG loses top 'AAA' credit rating: S&P AFP Return to Vendor: SEC Boosts Saks Probe CFO Debt 'counselors' hit for $100M scam Reuters Who's Behind Naked Shorting? Fool Viagra May Cause Vision Loss Reuters Bond funds see red in Q1 CBSM "TIPS funds in general got slaughtered in the first quarter, which may surprise some people because they're an inflation hedge" U.S stock fund flows rebound in Feb. CBSM ICI Speech: Change and Challenges Facing the U.S. Financial System NYF IMF says debt relief gold sale would not hit market FT The ECB’s gold sales SA gold mine walkouts to expand BBC Extreme accounting Ananova German Unemployment Rises to Postwar Record; French Rate at Five-Year High BL House prices fall at fastest rate in 10 years This is Money US' CA deficit still major concern CD Too big to behave rashly Setser Overseas investment income helps to prop up current account deficit FT China's money supply growth is the world's problem Pesek Shares drop to six-year low China Daily Time to stop housing as cheap investment game CD Globalization and the rise of Asia (part 3) Erdman China's Next Cultural Revolution (Cars) Wired Cheap Chinese fakes hurt trade Herald Sun EU Head Office Proposes U.S. Sanctions AP U.S. firms invest $350m in Lenovo CD Are LBOs Back? CFO Emerging Market Investment to Climb to $311 Billion BL Argentina's $100bn debt swap in doubt FT India's Economy Grows at Slowest Pace in Six Quarters BL Central Bank to raise benchmark interest rate Jakarta Post Retail banks are shaken by CSFB's grim warning Independent A market frenzy raises worries IHT (NYT) “How long the AIM flotation window remains open, I'm not sure, because it only takes one high-profile blow-up" Austrian hedge fund market ‘could grow 15%’ IPE Starting a Hedge Fund PRN Yukos Investors Fight Back Moscow Times Mitsubishi to sue 7 ex-bigwigs Asahi Fund manager admits $1m bribe scam Standard GCC Currency in 2010: Al-Assaf Arab News Once established, the GCC leadership may decide to invoice their hydrocarbon sales in the new common currency, moving away from the current dollar pricing system Zimbabwe opposition talks of protests if elections are rigged FT Two-thirds of world's resources 'used up' Guardian Is America Too Poor To Remain A Military Superpower? AEA
Flashback - March 27, 2002 Why you should still listen to the bears MSN Head strategists at big Wall Street firms, on average, forecast a 14% gain for the S&P 500 by year-end. Several brokerages now advocate planting 70% to 80% of a portfolio in the stock market.
Wenesday March 30 Dollar Quarterly Rally Is Biggest Since 2001 BL Bernanke-Clear communication a key FOMC rates tool Reuters Speech Crude futures sink after weekly supply report CBSM EIA AIG Says Net Worth May Be Inflated by $1.7B by 14 Years of Errors BL AIG Impressive performance of 2004 May Not Be Repeated In 2005 NT Fourth quarter GDP unrevised at 3.8% CBSM BEA Corporate profits leap 13.4%, biggest gain since 1987 Dollar's on roll vs. euro but for just how long? USAT Monthly FX Outlook CIBC Mahathir: US dollar collapsing TheStar Dollar Daze Grant “The uncertainty is with the timing, not whether it will collapse.” Is an accident waiting to happen? Black Swan Daily FX The Decay of Paper Currency Mayer The Fed’s Conundrum Yardeni PDF Fantasy Nos. To Bite Marts NYP (Crudele) Companies on a borrowing binge Economist America’s companies are cash-rich, right? Then why have they started borrowing again? This is Fiscal "Restraint"? Folsom Brave new world FT Global syndicated loans flourish FT The economic logic of the private equity boom is questionable at best. The "Debt Timebomb" Safe Haven Mortgage Applications Increased Last Week Reuters MBA General Motors' Pause on Way to Junk Is Troubling Gilbert Credit-rating agencies Economist ($) The agencies rated Enron's bonds as investment-grade—safe for many pension funds, that is—until shortly before the firm collapsed... Ford trying to stem financial woes CNN GM China President Philip Murtaugh Quits, People Say BL AIG Calls General Re Contract `Improper,' Will Adjust Financial Statements BL AIG delays 10-k filing again CBSM Witness Role Seen for Buffett in Inquiry NYT Berkshire Hathaway Facing 'Heightened Uncertainty' Forbes Earnings Delayed at Best Buy, Circuit City TheStreet Congress makes another grab at expats' money Forbes Purcell could have 'sold the story' better FT Hollinger sues Conrad Black AFP Ex-Andersen auditor punished Rocky MN Sears plans to announce layoffs, pay changes next month AP Wall Street Cheers HP's New 'Button-Down' CEO Forbes The end of 'The End of Late Fees' PPG Harmony backtracks on size of its gold reserves BL SEC on Options: Your Results May Vary CFO The SEC’s much-anticipated bulletin may be issued as early as this week Japan's Industrial Production Has Biggest Drop in a Year BL Savers calm as Japan pulls banking safety net FT When Japan finally removes its blanket guarantee on bank deposits this Friday, something remarkable will happen: nothing at all. Spring Scare or Burst MS (Xie) The Dawn of a New Oil Era? Newsweek China is the world's second-largest consumer of oil. It has about 20 million cars and trucks now. By the year 2020, that may be 120 million China Says Property Boom Threatens Stability, Orders Clampdown BL Zhou rules out move to revalue renminbi FT China central bank: Inflation waning CBSM China Glosses Over a Gross Domestic Problem Pesek China Aviation Oil Lacked Risk Controls as Trade Losses Mounted CL A rising China counters US clout in Africa CS Monitor Bears hammer down Sensex by 143 points Indian Express Shares drop on rate fears News.au “People are just scared silly. We have had a pretty bloody week and a half.” Ex-security chief in Yukos affair sentenced to 20 years for murder AFP Prosecutors Go for the Full 10 Years Moscow Times Revolution echoes around Russia CS Monitor Defiant former Sogo chairman found guilty of hiding assets Asahi Of Bribe Taking And Whistle Blowing All Africa Canon to branch out into biotech business Stuff Frantic search for survivors in Indonesian earthquake Guardian
Tuesday March 29 Buffett: I Wasn't Briefed TheStreet Consumer Confidence Drops on Job Worries AP Conference Board U.S. stock futures sag, AIG weighs CBSM Oil Slips AP Gold Up Greenspan's Second Bubble AEI (Makin) The Bear's Lair: Beware of singularities UPI Watch that lever Kellner When will it start to hurt, Dr. Greenspan? Bankrate Does Overseas Appetite for Bonds Put the U.S. Economy at Risk? WSJ Greenback haunts emerging markets Globe & Mail Reading the runes of bond market uncertainty Inde (King) The Confidence Game Puplava Will the next pop you hear be the bursting of hedge fund bubble? IHT (NYT) "It is completely obvious that this will end badly - for the firms, investors, everyone” Bubbles Then... Bubble Now? EW Is the Blue Jean Bubble About to Burst? NPR (Audio) Commodity Rally May Be Close to Peaking BL The Fat Lady Isn't Even In The Building Grandich Does Size Matter? Willie MF mulls sale of 25-66 pct of gold reserves - report AFX Democrats test debt xenophobia as 2006 issue MSNBC A Question of Value CFO If valuation has improved so much, why do analyses show that companies so often overpay? Nasdaq to enable customers to trade NYSE stocks Reuters AIG Chair Greenberg to Retire Amid Probe AP Buffett may face regulators R N.Y. Times adjusts Outlook; Calls Ads ‘Uneven’ CBSM GM’s credit rating affects automotive sector-wide investment AI Hollinger cancels meeting G&M Citigroup settles with Munk G&M Stolen Laptop Exposes Data of 100,000 AP Beware Of Hot Money Business Week With foreign cash piling in, China's economy could boil over China and Japan - So Close and Yet So Far Apart MS (Xie) Living in China's bubble Asia Times The money I kept for the initial payment may cease to be adequate if I wait for another couple of months Globalization and the rise of Asia Erdman Japan Household Spending Falls 4.1% in February; Unemployment Rises BL Brazil, IMF's Biggest Borrower, to End Loan Accord With Fund, Palocci Says BL French Business Confidence Drops to Lowest in 15 Months BL Investors see lower dollar in Australia IHT (BL) HSBC staff to vote on strike Times Online Scrutiny of hedge funds is set to tighten in Japan Reuters Japanese Truckmaker Denies Defect Cover-Up AP
Monday March 28 By a Thread Hussman Why worry about yuan? Caught in the Fed's inflation trap MSN (Fleck) The Fed and China Roach Alan's Perilous Poker Game UPI Oil dips, funds take profits on rising U.S. dollar Reuters Dollar May Add to Its Biggest Quarterly Gain Against the Euro Since 2001 BL A blend of risks makes dollar's outlook grim IHT Buckle Up for the Dollar's Ride NYT Investors fear U.S. dollar's effect on commodities rally G&M Inflation elevates interest-rate concerns Inman New warning for borrowers with adjustable home loans Inflationist hedging Brimelow US economy: jobs, growth and inflation Brookesnews The Fed has laid down the foundations for another recession. Taylor On US Markets & Gold G-E Stock-Market Returns May Not Meet Bush's Social Security Hopes BL Saving for the Future WP Lex: Insurance FT Huge problems for ungainly giants Kay (FT) GM'S Flip is a Flop NYP Beware of High-Flying Tech Stocks Business Week SunGard Data Will Be Acquired by Seven U.S. Buyout Firms for $11.3 Billion BL Boeing May Raise 2006 Forecast as Demand From China, India Rises BL SEC said to subpoena 12 AIG execs Reuters Another Personal Coup for Gillette CEO Kilts BL Newmont mine under fire AAP IRS may go after slices of eBay sellers’ pie AP Sony ordered to pay $90 million Reuters Second-Lien Loans Surge Amid Goodyear Tire, Revlon Borrowings BL If I Only Had a Hedge Fund NYT West Palm hedge fund operators' assets to remain frozen Palm Beach Cash Accounts Rebound WSJ Chinese corruption FT China banks told to act on fraud BBC More capital to tackle pension deficit China Daily Australia grows fat on China's appetite Sunday Times Nation's sugar shortage to grow in 2005 CD Industry plunders forests St China's first jewelry stock taken off market Xinhua Japan real estate investment booming, but could turn sour AFP Brazil Central Bank Says Economy Slowing, Increases May Be Over BL Will Gulf's Central Banks Try to Curb Excessive Increases in Stock Prices? Arab Rocks Roil Waves for Korea, Japan Economies Pesek Zimbabwe's economy falls on its knees Mail & Guardian Goldshield chiefs arrested in inquiry Inde Super-rich hide trillions offshore Observer Study reveals assets 10 times larger than UK GDP Companies champ at Iraqi oil bits AP
Holiday Long Weekend (March 25-27) Stocks facing an uphill battle CBSM The Coming Week: Car Jamming TheStreet Bumpy road ahead for stock investors? USAT Wal-Mart reports Easter sales softer CBSM Greenspan’s Wake-Up Call Rings Bells NYP Detroit's New Crisis Could Be Its Worst NYT G.M. spends nearly $2,000 for each car or truck it produces in the United States on health care and pension benefits GM Could Cut Dividend in Nod to Union, Bondholders Reuters Dollar Heads for Biggest Winning Week in 11 Against Euro, Yen BL Citigroup Advises Selling Dollar Versus Euro, Targets $1.3670 The Test Morgan Stanley (Roach) Too Much Capital: Why It Is Getting Harder to Find a Good Investment Norris Tiptoe Through the Tulips Schaeffers In an investment world where complacency and obliviousness to risk had already become boundless, it was just a matter of time until it became shameless. A Bull Market in Caution? EW Speculator and Liquidity Unfriendly PBear (Noland) Real Rates and Gold 8 Zeal Not So False Perceptions Cross Currents Home Sellers Fret As Mortgage Rates Rise AP Putting Stock in Property LA Times Trading Places: Real Estate Instead of Dot-Coms NYT Real estate-crazed Americans have started behaving in ways that eerily recall the stock market obsession of the late 1990's. PMI firms worry about a `bubble.' Should you? Boston Herald Lenders import ways to extend mortgages to immigrants Bankrate Inflation's Impact on Industries and Finances NPR (Audio) Big deficits make the U.S. less secure CBSM AIG reviews up to 30 transactions CBSM Accounting mistakes could reach $3 billion, WSJ says Report: AIG's Accounting Concerns Grow AP AIG to Remove Greenberg as Chairman Should He Plead the Fifth BL BP not insured for damage from Texas refinery blast Times Online Big Three Lumbering Toward Failure WP If GM Cut to Junk, Merrill Sees Asset Sales Reuters S&P Is Concerned About Delta Liquidity AP Wal-Mart Director Resigns After Probe AP Krispy Kreme gets another extension CBSM Short interest at record levels on Nasdaq, NYSE Reuters New law blamed for accounting-report delays WP A buyback binge for tech CNN That's nice...but what about dividends? Hedge Fund Firms Eye Going Public Reuters Sorry, Soros NYP "I knew it wasn't known to the general public, but I didn't consider it privileged" "Wall $treet Week" canceled AP Welch defends perks, talks about romance Fifth Fidelity Trader Leaves Amid Probe AP Most Funds Falter in a Forgettable First Quarter BL Nobel laureates warn against yuan revaluation China Daily Rise of London’s derivative culture Times Online New fears over financial alchemy as City takes lion’s share of risk. Japan Consumer Prices Have Biggest Drop in 20 Months BL Germany: A First Warning Sign Morgan Stanley Italy facing economic slowdown IHT Bank of England's King attacks EU leaders over euro BL Wage pressures threaten inflation target, says King Inde Canadian Indians to Sell Debt, Seek Same Rating as New York BL The Week Ahead: Inflation - An Overstated Peril? CIBC PDF Putin sends a signal to Russian oligarchs IHT (NYT) Former Yukos executive convicted BBC Plasma TV prices fall flat Asahi Prudential dumps blunder-prone Bloomer Guardian Asia's Concerns About a Wolfowitz World Bank Pesek U.S. set for Pakistan, India fighter deal CBSM
Treasury Note Investors Most Optimistic in Seven Weeks on Rise in Yields BL
Thursday March 24 Gasoline Jumps to Record, Crude Oil Rises on BP Refinery Blast BL Home Sales Rise by Most in 4 Years BL Breaking through 6% CBSM Durable Goods Orders Rise 0.3% BL Jobless claims in unexpected rise R Dollar Advances to 6-Week High Versus Yen on Fed Interest Rate Outlook BL The Fed May Be Talking Too Freely BW Link between Treasury yields and dollar questioned FT Spring Has Sprung and the Market's Done? Rostenko Why you lose money in stock markets Rediff The Overstretch Myth Foreign Affairs Slumping U.S. dollar raises global warning flag Globe & Mail The chances that the decline of the U.S. dollar will turn into a rout that triggers a worldwide financial crisis are “one in four and rising,” a U.S. economist said Wednesday. The US dollar’s days as the World’s reserve currency are numbered FSU I seem to be at a loss for words! Mogambo Guru High-Yield Bond Spreads: Rarely Tighter. BCAR The balance of risks is shifting against high-yield corporate debt. Money and Ethics Mix Like Teenagers and Whisky Gilbert Medicare Heading for Financial Crisis WebMD Health Program Deemed Worse Off Than Social Security Social Security said to go broke in 2041 AP The Business of America Is to Stay in Business LA Time Standard & Poor's projects that American bonds will reach junk-bond status by 2030, as pension and health liabilities surpass 200% of gross domestic product. Big deficit, little deficit: The Bush budget and Social Security EPI Standard & Poor's downgrades Detroit's bonds DetN Companies Increasing Prices After Holding Back for Years NYT “You reach a point where you're as lean and mean as you can be.” Expert: PPI/CPI Differential Indicates Serious Inflation Problem Ascribe Proof You’re Getting Robbed At Gas Pump NYP (Crudele) Crude oil prices were down nearly $4 a barrel over the past two days because the goon speculators are starting to lose their grip on the market. The Great Real Estate Bubble Max Funds Builders' sell sign is strong DiMartino Proposed big jump in San Diego building fees draws a big backlash UnionT Corporate Bond Issuance - Yearly BondMarket GM woes shake up bond market as debt heads toward junk status G&M General Electric Raises 1Q Profit Forecast AP DaimlerChrysler files $14.2 bln debt shelf Reuters Prognosis, Negative for the Biotech Group? Schaeffers GE may buy bank in India, eyes defence Rediff Coca-Cola shakes up global team IHT Out on a limb and falling off Boston Globe Does Bill Galvin really think Warren Buffett got hustled on one of his billion-dollar investment calls? Why I Don't Own Berkshire Hathaway Complete Growth Investor Citigroup, Putnam, JPMorgan, Amex Fined Reuters The firms neither admitted nor denied wrongdoing. George Soros Found Guilty in Insider Trading Case by Paris Appeals Court Perle, Ex-Pentagon Aide, Faces SEC Suit on Hollinger BL 'Socially responsible' fund cuts Starbucks AP Morgan Helped Sunbeam Inflate Its Finances, Judge Rules R Hedge fund fees fell 21% in '04 on lower returns BL Catastrophe Modeling: A New Approach to Managing Risk Wharton Californian finds finger in bowl of fast food chili Reuters Euro slips as reports show weak recovery IHT (R/BL) Yen Falls to 6-Week Low After Confidence Drops at Manufacturers BL China raises gasoline price by 7% China Daily Shanghai banks withdraw tough mortgage rules TheStandard Some bankers say the measures were not popular with many banks for which property lending is now the main profit driver. Capital Land scraps IPO TheStandard Bonds to finance Air China jets BL Indonesia Postpones $1 Bln Bond Sale as Costs Rise BL No Harm Done If Asia Swaps Treasuries for Roads BL Asian Central banks will ultimately have to slow the pace of reserve accumulation and allow their currencies to appreciate. A poorer OPEC no longer spreads its wealth CS Monitor Europe's unfair voting rights Economist Non-banks blamed for debt surge Australian Nurgaliyev: Crooks Run 500 Key Enterprises Moscow Times Shares slide out as Fed hits brakes Australian Insurers fined for price-fixing in Germany IHT Equitable may fight regulator on redress Times Online Regime Change at the World Bank AEI Bush Says Kim Jong-Il 'Must Listen' on Nuclear Reuters
Huge blast rocks Texas oil plant BBC Gasoline hits a record after Texas fire The refinery, the third-biggest in the US, produces 3% of the US’s oil supply
Wednesday March 23 Falling Oil Is No Cure for Fed Hangover TheStreet Gasoline Futures Rise to Record; Texas Refinery Fire Raises Supply Concern BL Crude Oil Falls as U.S. Inventories Jump to the Highest Since July 02 BL EIA Existing home sales slip in Feb. CBSM CPI can't reflect everybody's reality Burns Inflation Accelerates; Consumer Prices Rise by Most in Four Months BL BLS Treasury Notes Fall BL Futures down after CPI surprise CBSM Crude Prices Dip Sharply in Asia AP Federal Reserve's `Mixed' Message Suggests In-House Debate BL The Fed's Stealthy Bias Shift BW Fed increases breed anxiety WSJ Fed Isn't Saying 3.25% Rate Is a Must in May BL Who Does Mr. Greenspan Think He Is? EW Bubbles Abound In a World of Ready Cash WP Measure for measure Economist Bond investors are becoming increasingly rattled by trifles. Does this imply a crisis, the “measured” return of rational pricing, or neither? The Danger of the Debt Trap Mises Ill Winds For Real Estate Weedco Homebuyers duck for cover CNN San Francisco's Goldilocks Market NYT Mortgage Applications Decrease Last Week Reuters S.C. home sales jump in February Knight Ridder GM to sell mortgage unit? CNN GM in talks to sell commercial mortgage lender in deal that could bring it $1B GM loan plan with GE could end early DJ The president has lost on Social Security. How will he handle it? Slate The lonely contrarian Hulbert Options expense would eat 5 pct of SP 500 net-study Reuters Options: The Choice of Californians and Crooks Fool Cisco Lowballs Option Charges as Deadline Looms BL Oracle fails to impress CNN Automakers yanking 0% financing deals USAT Scraping the bottom of the barrel Asia Times Accounting checks delay 10-K filings CBSM Hundreds of U.S. companies fail to meet federal deadline EU Examines More Complaints Over Microsoft AP Goldman Sacked NYP Gov't Confirms Criminal Probe of Hollinger AP Farmers Inadvertently Receive Biotech Corn AP A Bubble Too Far? AIR Bubble Top or More to Go? FS You don’t have to be a hardcore pessimist these days to conclude that spot fuel and commodity prices have run too far ahead of market fundamentals, increasing the risk that reality will come with a bang Asia tumbles after U.S. losses on Fed CBSM Nikkei at 4-Week Closing Low AP Investment Bubble Builds New China NYT The $1.3 billion question: What will happen to the renminbi Setser Japan nationwide land prices fall 5.0 pct in 2004, 14th year of decline AFX Japanese Billionaire Tsutsumi Prosecuted With Insider Trading BL 50-Year Bonds May Help Japan's Global Status Pesek German March Business Confidence Declines BL The ECB Faces a Fiscal Fight With Its Governments BL Leading Developer Warns of ‘Bubble’ GlobeSt Bank of Ireland accused of 'vulgar greed' over job cuts Guardian
Tuesday March 22 Fed Keeps ‘Measured' Plan, Says Inflation Pressures Picked Up BL Statement Emerging Market Bonds Drop After Fed Says Inflation Pressures `Picked Up' BL Wrong-Way Greenspan Strikes Again NYP (Crudele) Fed's Debate on Inflation Targets May Shape Post-Greenspan Era BL Analysts disagree on course of US Fed AFP Fed Increases Prompt Probe for Weak Links WSJ Fed rate-hike campaigns tend to precipitate financial crises. Is another in the offing? Should central banks try to curb excessive stock prices? ina Producer Prices in U.S. Rise 0.4%; Core Rate Increases 0.1% BL BLS Oil Prices Ease on New OPEC Initiatives AP Rates on Treasury Bills Hit 3-Year High AP Economists: Federal deficit a bigger risk than terrorism Reuters Burning Bridges and Halfway Houses Fekete Why the market will dodge a dollar disaster Jubak US exporters fail to reap benefits of lower dollar FT The bear is back Warsaw BJ Once again there are many who suggest we are in a new paradigm, a new truth, a new reality and that certainty is here or just around the corner. The 'housing bubble' Knight Ridder Fallen angels face higher risk of default FT General Motors' Debt Costs Surge to 2-Year High as GE Withdraws Support BL Investors bet on GM downgrade chances FT Fannie Shrinks Loan Portfolio AP Considers McDonough as Chief BL Bond trades cleared BL Law enforcement officials determined that the Citigroup trades were not forbidden under rules in place at the time...The government bond trades are still being examined by British, Italian and French authorities. Executives Cash In, Regardless of Performance WP Five Dozen Companies Seek Filing Delay |