If you bank with WAMU like i do

Washington Mutual (WM: 1.82, -0.18, -9.00%) hasn't been able to stop the onslaught of selling in its shares, opening down nearly 20%. WaMu, the nation's largest savings-and-loan, suffered another setback late Monday after Standard & Poor's slashed the bank's credit ratings into junk status. Shares of WaMu have plummeted 85% so far this year.

Hewlett-Packard (HPQ: 45.99, +0.66, +1.45%) plans to slash 24,600 jobs over the next three years and take a $1.7 billion charge, as a result of the company's $13.2 billion merger with Educational Data Systems, commonly known as EDS.