The Westlake Village, California-based company said it applied for a New York Stock Exchange listing under the symbol "CHR."

(Reporting by Esha Dey in Bangalore; Editing by Anil D'Silva) Keywords: CAPITALSOURCEHEALTHCARE/IPO Chuck Mikolajczak cm

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

In midmorning trading, the Dow Jones industrial average was down 323.29 points, or 3.13 percent, to 10,002.09. The Standard and Poor's 500 fell 3.86 percent, 42.47 points, to 1,056.76. The Nasdaq composite index lost 78.18 points, 4.01 percent, to 1,869.21.

The benchmark 10-year U.S. Treasury bond rose 22/32 to yield 3.518 percent.

The dollar was mixed Monday. The euro fell to $1.3545, compared to $1.3806 Friday. Against the Japanese yen, the dollar fell to 102.49 yen, down from 105.14 yen.

In Tokyo, the Nikkei average lost 465.05 points to 10,473.09, off 4.25 percent.

WASHINGTON, Oct. 6 (UPI) -- The U.S. Federal Reserve bank is trying to negotiate a compromise between two banks trying to purchase parts or all of Wachovia Corp.

Unnamed sources said the Fed was relaying information between the three banks, not suggesting a solution, The New York Times reported Monday.

Wachovia accepted an offer in principle from Citigroup last week to purchase its banking operations for $1 a share. Four days later, Wachovia announced it was ready to accept an offer from Wells Fargo for its entire corporation for $7 a share.

A New York judge Saturday temporarily halted the $15.1 billion Wells Fargo deal but a superior court blocked that ruling, the newspaper said.

Fearing a prolonged legal battle that could drag down financial markets already in turmoil, the Fed stepped in, the Times reported.

Each company has a different view of the deal-making. Citigroup and Wells Fargo have both said they have exclusive rights to dealing with Wachovia. Wachovia, however, said it was now betrothed to Wells Fargo but was willing to negotiate.

"Citigroup is always free to make a superior offer to Wachovia," the bank said in a statement.

CHICAGO, Oct. 6 (UPI) -- Falling retail sales have prompted some analysts to conclude that a consumer-led recession in the United States may be in progress.

Consumer spending accounts for two-thirds of the economy and with financial turmoil making headlines recently, consumers are becoming spending-shy, The New York Times reported Monday.

"The last few days have devastated the American consumer," Walter Loeb, president of consultant firm Loeb Associates told the Times. "They all feel poor," he said

"All the talk about how bad it is out there has started getting in my head," said Claudia Prindiville, a mother of three from Chicago "I still need to shop for my kids' school clothes but I am definitely buying less for myself," she said.

Many U.S. consumers don't feel the pinch in the availability of cash but they are watching their investments, retirement plans and homes all lose value, the Times reported.

Automobile retailers, restaurant groups and others are reporting sharp sales declines, the Times reported.

"We got killed during the back-to-school sales," Dave Cargerman, a clerk at a Chicago Office Depot told the Times. "And that time of year is usually our bread and butter."

NEW YORK, Oct. 6 (UPI) -- Banks and governments in Europe scrambled through the weekend to prevent further unraveling of the global financial crisis.

The $700 billion bailout bill signed Friday by U.S. President George Bush didn't prevent further disarray, as stock markets plunged around the globe Friday and banks requiring rescues became evident in Italy, Ireland and Iceland, The New York Times reported Monday.

Markets in Asia and Australia fell Monday, typically down more than 3 percent after a global drop in markets averaging around 4 percent Friday.

After Ireland announced it would guarantee deposits at six major banks, other European banks complained Ireland had given itself an unfair advantage, the Times reported.

Germany announced it, too, would guarantee deposits.

Italian bank Unicredit said it needed to raise $9 billion in capital. A $15.2 billion bailout for international bank Fortis failed, however. The Netherlands took over its Dutch operations Friday. On Sunday, the Belgian government engineered a transfer of Fortis holdings to French bank BNP-Paribas, the Times reported.

www.upi.com

* Says seeks more than $60 billion in damages

* Says complaint filed with NY State Supreme Court on Monday

* Says seeking relief from Wachovia for bad faith breach of contract

* Seeks $20 billion in compensatory damages, $40 billion in punitive damages from Wells Fargo & Co

* Says Wachovia deal would have been signed and announced on October 3 without interference from Wachovia Corp Wells

* Says without September 29 pact with Wachovia, Wachovia would have failed the following day, holding company debt would have collapsed

* Says remains willing to enter into agreement with Wachovia

((New York Equities Desk; tel: +1 646 223 6000))

Varghese Joseph vj

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

The brokers who sold these funds are not targets of arbitration filings, according to the investors' legal team (www.subprimelosses.com) which includes the firms of Aidikoff, Uhl & Bakhtiari, of Beverly Hills, Calif.; Maddox, Hargett & Caruso, P.C., of Indianapolis, Ind. and New York, N.Y.; Page Perry, LLC, of Atlanta, Ga.; and David P. Meyer & Associates Co., L.P.A., of Columbus, Ohio.

"It appears that brokers were also misled by Citigroup about the true risk of the funds, and that these misrepresentations were passed on to clients of the firm," said attorney Ryan Bakhtiari of Aidikoff, Uhl & Bakhtiari.

As the truth about the Funds' dismal performance began to emerge late in 2007, it became clear that leverage in the portfolio's had increased substantially. Despite this ratcheting up of risk, Citigroup employees assured investors that prices were already recovering which would lead to improved results in the future. By March of 2008, investors learned that they would no longer receive income distributions, nor could they redeem their shares.

"Citigroup blamed unprecedented market conditions, yet a report sent to investors contains tacit admissions that the Funds' failure to follow their own risk management strategies and to take appropriate actions when conditions in the market demanded that they do so resulted in the devastating losses that our clients suffered," added attorney J. Boyd Page of Page Perry.

More information is available at www.subprimelosses.com or by contacting an attorney.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Aidikoff, Uhl & Bakhtiari

Aidikoff, Uhl & Bakhtiari
          Ryan K. Bakhtiari
          (800) 382-7969
          rbakhtiari@aol.com
          Beverly Hills, California

          Maddox, Hargett & Caruso
          Steven B. Caruso
          (212) 837-7908
          SBCaruso@aol.com
          New York, New York

          Page Perry, LLC
          J. Boyd Page
          (877) 673-0047
          jbpage@pageperry.com 
          Atlanta, Georgia

          David P. Meyer & Associates, Co., L.P.A.
          David P. Meyer
          (866) 827-6537
          dmeyer@dmlaws.com
          Columbus, Ohio