Hypermarcas declines most in two weeks as JPMorgan cuts rating
Hypermarcas SA, Brazil's fourth- largest consumer-goods company by market value, declined the most in two weeks after JPMorgan Chase & Co. cut its rating on concern the company may struggle to integrate recent acquisitions.
JPMorgan Chase & Co. said today that it would cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis.