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  • Sponsored by Wednesday, July 20, 2011 @ 1:17AMA 16-year-old boy has been arrested in Britain on suspicion of cybercrime. The teenager was arrested at a south London address on Tuesday and taken to a central London police station, where he remains in custody, police said.
  • US steps up push for aid recognition in Pakistan Wednesday, July 20, 2011 @ 1:14AMSEBASTIAN ABBOT Associated Press ISLAMABAD Desperate to win hearts and minds in Pakistan, the U.S. has begun pushing aid organizations working in the country's most dangerous region along the Afghan border to advertise that they receive American assistance. The new requirement has disturbed aid groups, which fear their workers providing food, water, shelter and other basic needs to Pakistanis ...
  • Launch Day Excitement Builds, Weather Still Threatens Wednesday, July 20, 2011 @ 12:56AMJuly 8, 2011 | WMFE - The four crew members of Space Shuttle Atlantis are on board their spacecraft, amid hopes that the weather will allow an on-time launch for NASA's final shuttle mission. The agency says there's still a 70% chance the final shuttle mission will have to be called off because of clouds and storms in the area. [Image Credit: NASA/Bill Ingalls] Space Shuttle Launch Director Mike ...
  • U.S. Sen. Bill Nelson Says Congress 'Starved' NASA of Funding Wednesday, July 20, 2011 @ 12:55AMBill Nelson 1986 Photo Credit:NASA July 07, 2011 | WMFE - U.S. Senator Bill Nelson (D-FL) has long been a strong advocate for the nation's space program and even flew into space himself aboard Space Shuttle Columbia in 1986. In a recent interview with WMFE, Nelson said Congress has known the shuttle program was shutting down since soon after the loss of Shuttle Columbia in 2003, and he lamented ...
  • FBI arrests 14 in hacker crackdown Wednesday, July 20, 2011 @ 12:43AMWASHINGTON: Fourteen people were arrested Tuesday for allegedly mounting a cyber attack on the website of PayPal in retaliation for its suspending the accounts of WikiLeaks.
  • Marty: Security that costs trillions Wednesday, July 20, 2011 @ 12:42AMThe Social Security Trust Fund isn't broke - it just doesn't have any money. That is the only conclusion you can draw from President Obama's threat not to send out Social Security checks in August unless there is an increase in the national debt limit. The president raised the specter of no retirement checks even though the trust fund is valued at $2.6 trillion, which is 43 times what it costs ...
  • Help available for homeowners Wednesday, July 20, 2011 @ 12:39AMThere is help for homeowners struggling to make their mortgage payments. But time has almost run out. The U.S. Department of Housing and Urban Development unveiled a new program, EHLP, last week that offers payment assistance to eligible homeowners who have a drop in income or unemployment.
  • Van Lanschot: Results of 2011 European stress test Wednesday, July 20, 2011 @ 12:37AM* Core Tier I ratio under adverse stress scenario (including sovereign risk impact) of 9.8% in 2011 and 9.7% in 2012 (minimum EBA benchmark of 5%), compared with a Core Tier I ratio of 9.6% at year-end 2010 * Capital increases in period under …
  • CITY REC SOFTBALL Wednesday, July 20, 2011 @ 12:34AMMen's City Rec Softball Tuesday South (June Gross Field) Lost Creek Machine 12, Hettel Home and Landscape 2 Lost Creek (8-2) won the league title, having lost it by a hair last season to Alpha Graphics last
  • Regulator asks banks to make living wills Wednesday, July 20, 2011 @ 12:29AMAustralia's banking regulator has called on the nation's banks to put plans in place in case of another financial crisis.
  • FBI Raids in New York and California Target Anonymous Tuesday, July 19, 2011 @ 11:40AMFBI agents raided homes in New York today, investigating people allegedly involved with the hactivist collective Anonymous. They also raided locations in California, but details of those searches aren't yet available. Kelly Langmesser, a spokeswoman for the Federal Bureau of Investigation, said the agency is investigating "coordinated denial of service attacks" against U.S. companies. Related ...
  • Fitch Upgrades Two Classes of BSCMS 2006-BBA7 Tuesday, July 19, 2011 @ 11:36AMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded Bear Stearns Commercial Mortgage Securities, Inc. commercial mortgage pass-through certificates, series 2006-BBA7. A detailed list of rating actions follows at the end of this release. The upgrades are the result of significant paydown since the last rating action. There is one loan remaining, as the former largest loan, Columbia Sussex, has ...
  • House Set To Vote On GOP Debt Cutting Measure Tuesday, July 19, 2011 @ 11:36AMThe Republican-controlled House of Representatives is set to vote Tuesday on a measure that would impose strict caps on all future federal spending while making it significantly tougher to raise taxes -- the solution favored by hard-line ...
  • Fitch Maintains Rating Watch Negative on Hertz Following Donlen Acquisition Tuesday, July 19, 2011 @ 11:35AMCHICAGO--(BUSINESS WIRE)--Fitch Ratings has maintained the Rating Watch Negative on Hertz Corporation's (Hertz) ratings following its announcement of its intention to acquire Donlen Corporation for $930 million. The ratings were first placed on Rating Watch Negative on May 11, 2011, following Hertz's increased bid for Dollar Thrifty. A complete list of ratings appears at the bottom of this ...
  • Bank of Canada overnight rate unchanged but hikes likely to start by year end Tuesday, July 19, 2011 @ 11:31AMOTTAWA - The Bank of Canada left its key overnight interest rate unchanged at one per cent Tuesday, but signalled in a slightly more hawkish tone that continued growth in the Canadian economy will mean a hike in the near future.
  • Sparta Commercial Welcomes Bridgeton, NC to Its Municipal Lease Program Tuesday, July 19, 2011 @ 11:31AMSparta Commercial Services, Inc. today announced that Bridgeton, North Carolina has become the latest jurisdiction to join the increasing number of municipalities as a client of Sparta's Municipal Lease Program.
  • Overtime Cuts Causing Sheriff's Deputies to Break the Law? Tuesday, July 19, 2011 @ 11:30AMSeveral deputies are accused of fraud. LOS ANGELES (KTLA) -- A Los Angeles County Sheriff's watchdog group says overtime cuts may be to blame for an increase in fraud allegations against deputies in the last year.
  • Mortgage-Bond Sales Surge From Busiest Half Since 2007: Australia Credit Tuesday, July 19, 2011 @ 11:28AMMortgage bond sales in Australia are accelerating from the busiest half since 2007 as investors snap up higher-yielding notes while Europe’s sovereign crisis causes the market for other corporate debt to slam shut.
  • Despite Washington Budget Crisis, Earnings Will Lift Stocks Tuesday, July 19, 2011 @ 11:27AMDespite the contentious federal debt ceiling debate and the end of the Fed's Quantitative Easing last month, yields on Treasury securities have fallen this month. In fact, PIMCO, the world's
  • Platinum Group Metals Price Bulletin - 11th July 2011 to 15th July 2011 Tuesday, July 19, 2011 @ 3:13AMThe first half of this week saw platinum and palladium prices suffer with concerns over sovereign debt contagion in Europe being seen as generally negative for industrial demand. The appreciating dollar in the early part of the week put further pressure on commodity prices.
  • Richard Cordray named chief of new consumer agency Tuesday, July 19, 2011 @ 3:13AMPresident Barack Obama moved Monday to get a new consumer-protection bureau up and running, introducing a former Ohio attorney general as director, in an apparent acknowledgment that the woman who masterminded the agency couldn't win Senate confirmation.
  • Consumer 11.0: Warren ally tapped for consumer post Tuesday, July 19, 2011 @ 3:05AMWASHINGTON - President Obama moved Monday to get a consumer protection bureau up and running, introducing a former Ohio attorney general as director, in an apparent acknowledgment that the woman who masterminded the agency could not win Senate confirmation.
  • Your Money: A debt deal is coming, but then what? Tuesday, July 19, 2011 @ 3:04AMThe U.S. government will raise the debt ceiling - you heard it here first. But as a result, Treasurys should face a downgrade from their sterling "Triple A" rating.
  • St. Landry Disposal turning eco-friendly Tuesday, July 19, 2011 @ 2:43AMThe St. Landry Parish Solid Waste Disposal District is going green.
  • News Corp Under Share & Rating Pressure Tuesday, July 19, 2011 @ 2:40AMStandard & Poor's is threatening to cut News Corporation's ratings as a result of the pressure the company is facing over the phone hacking scandal.:: Murdochs V MPs - follow it live with SkyIt ...
  • Olie and Sparky Tuesday, July 19, 2011 @ 2:33AMBob & Kay Knight Our grown kids, living in Redondo Beach, have two dogs. Sparky is a small terrier, living up to his own mind and being his own boss in the doggy world, with his 10-year-old doggy companion, Olie (short for Olive Oil), a thoroughbred Whippet.
  • Obama taps Richard Cordray to lead consumer agency Tuesday, July 19, 2011 @ 2:33AMPresident Obama said his nomination of former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau puts financial lenders on notice that the government will be looking out for "regular...
  • It's Clinton County Fair time again Tuesday, July 19, 2011 @ 2:33AMThe first grandstand show this year is "Hotel California," a tribute to the band, the Eagles.
  • DOJ Opens Criminal Investigation Into Credit Suisse Undisclosed Foreign Account Holders; Kevin E. Thorn Comments Tuesday, July 19, 2011 @ 2:32AMCredit Suisse is in negotiations with the U.S. Department of Justice in order to avoid the same penalties that UBS had to endure in 2009. Kevin E. Thorn believes there is a high likelihood of undisclosed foreign account older names being disclosed because of these developments. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/2011/7/prweb8648763[[[SHIFTIN ...
  • Fitch Downgrades Lynwood Utility Authority, CA Rev Bonds to 'A'; Outlook Stable Monday, July 18, 2011 @ 5:18PMIn the course of routine surveillance, Fitch Ratings downgrades the following ratings for Lynwood Utility Authority, California enterprise revenue bonds issued on behalf of the city of Lynwood, California as obligor:
  • A year in the making, consumers finally get greater protections on financial matters Monday, July 18, 2011 @ 5:14PMObama nominates a director to new consumer protection agency Consumer advocates aren't getting their first choice to lead the new Consumer Financial Protection Bureau. Despite the setback, this is still a big week for consumer protection.
  • Fitch Downgrades Lynwood Public Financing Authority CA's Lease Revs to 'BBB+'; Outlook Stable Monday, July 18, 2011 @ 5:14PMIn the process of routine surveillance, Fitch Ratings has downgraded Lynwood Public Finance Authority, California's bonds as follows:
  • Obama nominates head of new consumer agency Monday, July 18, 2011 @ 5:08PMWASHINGTON : President Barack Obama on Monday named former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau, an agency Republicans have sharply criticized.
  • Consumers finally get greater protections on financial matters Monday, July 18, 2011 @ 5:08PMObama nominates a director to new consumer protection agency Eileen Ambrose: Thursday is the one-year anniversary of the Dodd-Frank financial oversight law, the date when some of the law's significant consumer-friendly provisions kick in
  • Local office market shows glimmers of rebound Monday, July 18, 2011 @ 5:05PMSouthern Nevada's office market lately has taken more beatings than a Chuck Norris punching bag, thanks to recession-fueled bankruptcies and foreclosures. But recovery could be coming, given the renewed interest for office space in the second quarter.
  • Royal Bank of Scotland is sued by federal regulators over credit union losses Monday, July 18, 2011 @ 5:01PMThe National Credit Union Administration lawsuit is seeking $629 million for allegedly selling risky mortgage securities to Western Corporate Federal Credit Union. Federal regulators are seeking $629 million in damages from a Royal Bank of Scotland unit accused of selling riskier-than-advertised mortgage securities to Western Corporate Federal Credit Union, a San Dimas credit union that failed ...
  • Space shuttle's science brought payoffs to Earth Monday, July 18, 2011 @ 4:58PMScience from the space shuttle helped open Earth's eyes to the cosmos and sister planets. It created perhaps the most detailed topographical map of Earth. And it even is helping doctors understand, and sometimes fix,...
  • Forty dogs, six cats seized from home of dead man Monday, July 18, 2011 @ 4:57PMSNOHOMISH COUNTY, Wash. - Dozens of animals found living in crates in a home near Lake Stevens were seized after a man was found dead inside the home. Forty dogs and puppies, six cats and six cats were found inside the residence on the 9100 block of 42nd Street NE. On Friday, a welfare check led Snohomish County Sheriff's deputies and paramedics to the residence. The male occupant was deceased ...
  • Obama appoints Cordray to lead consumer agency Monday, July 18, 2011 @ 12:54PMPresident Barack Obama is vowing to fight any efforts to block the work of a new consumer protection bureau as he introduces a former Ohio attorney general to run the agency.
  • Obama: CFPB nominee believes in bureau's 'mission' Monday, July 18, 2011 @ 12:50PMWASHINGTON (MarketWatch) - President Barack Obama on Monday formally nominated Richard Cordray to head a new Consumer Financial Protection Bureau, insisting that the former Ohio Attorney General took the job because he believes in the mission of the agency. "Richard has helped stand up the bureau's enforcement division over the past six months. He took this job, which meant being away from his ...
  • Moody's: U.S. Should Consider Getting Rid Of Debt Ceiling Monday, July 18, 2011 @ 12:49PMThe rating agency said the United States should follow the lead of other countries and constrain its national debt but not limit it. read more
  • Fitch Affirms GOL's IDR at 'BB-'; Outlook Stable Monday, July 18, 2011 @ 12:40PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Gol Linhas Aereas Inteligentes S.A.'s (GOL) ratings as follows: --Foreign and local currency long-term Issuer Default Ratings (IDRs) at 'BB-'; --Long-term national rating at 'A-(bra)'; --USD200 million perpetual bonds at 'BB-'; --USD200 million of senior notes due 2017 at 'BB-'; --USD300 million of senior notes due 2020 at 'BB-'; Fitch has ...
  • Expedia Says Have Your Cake and Eat it Too: Cruises are the Most Luxurious, Budget-Friendly, Hassle-Free Mode of ... Monday, July 18, 2011 @ 12:38PMExpedia.com®, the world's largest online travel agency, announced today that travelers looking to book vacations to Europe should seriously consider a cruise. Cruising delivers substantial value and terrific benefits, from saving on hotel bookings to world-class onboard entertainment options to the ease of booking offshore excursions.
  • Tea party takes its turn in debt battle Monday, July 18, 2011 @ 12:34PMCongressional leaders are giving tea party-backed Republican freshmen the run of the House this week with a plan to let the government borrow another $2.4 trillion — but only after big and immediate spending cuts.
  • Moody's warns again on U.S. debt: eliminate debt ceiling Monday, July 18, 2011 @ 12:33PMCredit rating agency Moody's dinged a key backup plan to raise the debt ceiling Monday, and said the United States would be better off if the ceiling was eliminated entirely.
  • Fitch to Rate MMAF Equipment Finance LLC, Series 2011-A; Presale Issued Monday, July 18, 2011 @ 12:28PMFitch Ratings expects to rate MMAF Equipment Finance LLC, Series 2011-A as follows:
  • Today's Top Stories in the Financial World Monday, July 18, 2011 @ 12:20PMA Fool's glance.
  • Eighteen Charged In Major Chilean Retail Scandal Monday, July 18, 2011 @ 4:11AMSANTIAGO DE CHILE, July 18 (BERNAMA-NNN-MERCOPRESS) -- The Chilean Securities and Insurance Supervisor (SVS) said it would be pressing charges against more than a dozen executives of Chilean retail giant La Polar.
  • Fake ID law ratchets up penalties Monday, July 18, 2011 @ 4:01AMFake ID law ratchets up penalties
  • Fitch warns of 'weaknesses' in Chinese firms Monday, July 18, 2011 @ 4:00AMBEIJING - Ratings agency Fitch warned Monday of "widespread weaknesses" in Chinese corporate governance and a lack of "quality information" for shareholders after a spate of accounting scandals overseas.