The accidental bankruptcy. They went in and then said, 'Now what should we do?'

One after the other there's been enough things hitting that it continues to push them closer to the edge. They just cannot stand a whole lot more.

It certainly is signaling there is financial stress on Northwest. It's telling everyone they may now be looking at bankruptcy as a strong option.

I don't think they want that process going though a bankruptcy judge.

It's a good fit. It'd be a very strong global airline.

We are excited to have Rachel as a key member of our senior analyst team. Rachel's consistency and commitment to excellence over the past five years have put her in a leadership position in our health care team and we look forward to her continued expansion of our biotechnology research platform.

I think it makes sense to see some mergers. The competitive advantage seems to be with the low-cost carriers.

Jeff will bring additional expertise to our clients by providing high yield analysis based on several years of experience covering consumer products and retail. We are excited to have Jeff as part of our Investment Research team, where our goal is to provide differentiated and proprietary research for our clients.

We are excited to host our financial services conference again this year. This year's line-up of management teams and presentations will provide our investing clients with invaluable insight into earnings growth, credit trends, the housing boom/bust and competitive trends in financial services.