Morning News Monday July 30th 2007
General News: - Financial Times is reporting that investment banks are toughening credit and lending standards for hedge funds, and prime brokerage departments are raising their margin requirements. - NY Times is running a story about a $3 billion hedge fund being down 10% for the year. - IKB, a German bank, is reporting weak earnings due to US subprime markets. - 313 of 500 S&P companies have reported earnings. The share weighted EPS growth is 9.7% and market-cap weighted growth is 14.3%. Non-weighted average is 5.5%. Asia/Europe: Asia: - Asian stocks rebounded from a one- month low…