This is of the highest interest

Aaron Elstein - Prices for shares of Hudson City Bancorp took a hit of 14% last week after the New Jersey bank disclosed concerns by federal regulators that the bank might face significant losses if interest rates rise.

The parent of Hudson City Savings Bank noted in its annual report last week that the Office of Thrift Supervision could require the fast-growing S&L to cut dividend payouts, raise capital or shrink its asset base.

Analysts at research firm FBR Capital Markets soon spelled out the problem a little more dramatically: Hudson City has $30 billion of borrowings, for which it pays an interest rate of 4.07%. But under certain conditions—such as if interest rates soared by 200 to 300 basis points—Hudson City could be called upon to repay up to $15 billion of those borrowings at an interest rate of as much as 11%.
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22%
Share of Revlon's $369 million in revenue last year generated by sales at Walmart, according to Standard & Poor's Leveraged Commentary & Data. The cosmetics company is owned by renowned dealmaker Ronald Perelman.