Management Newsfeed Update

Technology services provider Unisys Corp. said Wednesday it has appointed two new directors recommended by a major shareholder, expanding its board to 13 members from 11.

—-Charles Schwab & Co., Inc.: What — In one year, High Yield Investor Checking introduced over 175,000 new accounts to Schwab — Approximately 55,000 of these accounts were opened by Younger Investors — Overall, products like Schwab Bank’s HYIC - and a greater Younger Investor focus - have caused a shift in the new-to-firm household mix at Schwab — Through April in 2008, new accounts from existing Younger Investor clients have grown by 22 percent — Year-to-date Younger Investor new-to-firm households have grown by 95 percent year-over-year Who A Schwab Spokesperson can discuss: — Trends in Younger Investor behavior and attitudes — How Younger Investors are beginning the process of saving and investing — How Schwab makes it easier than ever to begin saving and investing — Why Schwab Bank HYIC is a great product for any age at any stage When Wednesday, May 21st Why Schwab makes it easy for Younger Investors to begin saving and investing — Schwab brokerage lowered account minimums and introduced new products that make it easy to get started with an investment plan — Schwab Bank’s HYIC gives you access to free checking and the ability to easily move your cash between your linked bank and brokerage accounts — At the same time HYIC keeps your cash working for you, earning 5 times the national average annual percentage yield — Checking has become one of the top reasons why consumers come to Schwab Bank Contact Jennifer McClellan, Edelman for Schwab 415-486-3234 Jennifer.mcclellan@edelman.com

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Shares of U.S. financial stocks were flat in early trade Wednesday morning, with ratings agency Moody’s dropping sharply on a report that a computer glitch incorrectly assigned triple-A ratings to some types of risky debt.

More than 7,600 Bear Stearns Cos’ employees, about 55 percent of its staff, are expected to lose their jobs as the troubled investment bank is absorbed into JPMorgan Chase & Co , JPMorgan Chief Executive James Dimon said Tuesday.

Shares of investment banks dipped early Wednesday morning, trading down slightly while the broader market started off with a modest gain and then turned mixed as investor concern mounted regarding inflation and continued rising oil prices.