<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20071114/bs_nm/bearstearns_writedowns_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20071114/2007_11_14t084739_450x338_us_bearstearns_writedown s.jpg?x=130&y=97&sig=Xj89hmJvtU3.08to3P_vCQ--" align="left" height="97" width="130" alt="The Bear Stearns name is seen outside their headquarters in New York July 18, 2007. Bear Stearns Cos Inc expects to write down $1.2 billion of collateralized debt obligations in the fourth quarter, the company's chief financial officer said at a conference on Wednesday. (Shannon Stapleton/Reuters)" border="0" /></a>Reuters - Bear Stearns Cos Inc said on
Wednesday it expects to write down $1.2 billion of assets
linked to mortgages in the fourth quarter, soothing investors
who had feared multibillion-dollar writeoffs and sending its
shares higher.</p><br clear="all"/>

View the entire article: Bear Stearns sees $1.2 billion writedown
(Reuters)