Credit Agency News
- The Source of Obama’s Trouble Monday, March 8, 2010 @ 11:27PMDemocrats, who seem to be on a relentless quest to pass a health care bill, don’t seem to grasp the issue truly important to Americans: jobs.
- Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets Monday, March 8, 2010 @ 11:26PMMarch 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.
- Laws provide protection against telemarketing Monday, March 8, 2010 @ 11:21PMSome subscribers of "Do Not Call" lists still may be contacted by telemarketers who are prohibited from exhibiting misleading behavior. Nils Frederiksen, state attorney general office spokesman, said they're required to follow Consumer Protection and Do Not Call laws. Consumer Protection law is broad-based, according to Frederiksen.
- Obama, Greek PM set to discuss financial reforms Monday, March 8, 2010 @ 11:09PMUS President Barack Obama and Greek Prime Minister George Papandreou are set to hold talks on economic issues amid concerns that speculators are undermining Greece's efforts to overcome a severe debt crisis.
- Political spin, jobs and IDA Ireland Monday, March 8, 2010 @ 11:07PMIrish Economy: Political spin on jobs is a dangerous game in these perilous times when the imperative should be to prepare for a changed post-recession world, built on a realistic assessment of the ch...
- Developer seeks to restart renovation Monday, March 8, 2010 @ 10:35PMThe developer of the stalled Cigar Factory renovation, mired in the failure of a Georgia bank, has fired a legal volley against the government agency that seized the lender and cut off the project's financing.
- BC-MCT-NEWS-BJT-RECAP _ wire editors (4900 words) Monday, March 8, 2010 @ 10:33PMUpdated at 11:35 p.m. EST (0435 UTC).
- Women's Day coinciding with C'wlth Day an opportunity for women Monday, March 8, 2010 @ 10:20PMBy Shipra Goel, New Delhi, Mar 8 : As the International Women's Day coincided with the Commonwealth Day today, it is an opportunity to further the Commonwealth's agenda on women's welfare, Dr Angeli Qwatra, Member of Medical and Health Services Committee for Commonwealth Games 2010 said today.
- Regulators shut down Centennial Bank after rescue deal failed Monday, March 8, 2010 @ 10:05PMCentennial Bank became the second Utah bank in less than two months to fail due in part to loan losses from the real estate industry and a failed acquisition bid by an Orem eCommerce firm, state regul
- ‘On the Edge’ Banks Face Writedowns on FDIC Auctions (Update1) Monday, March 8, 2010 @ 9:45PMMarch 8 (Bloomberg) -- A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger writedowns that weaken lenders nationwide.
- The changing face of ratings Monday, March 8, 2010 @ 3:21PMYu-Tsung Chang, head of Asia-Pacific ratings at Standard and Poor’s, talks about the role of rating agencies in Asia’s credit markets.
- Patrick plans to reduce rainy day fund draws, cites fed decision Monday, March 8, 2010 @ 3:19PMThe Patrick administration plans to reduce rainy day fund spending this fiscal year by $80 million and cut its request for spending from the fund next year by $29 million, citing a recent federal government announcement that it will reimburse Massachusetts for certain payments associated with prescription drug coverage.
- Fitch Affirms M/I Homes' IDR at 'B'; Outlook Negative Monday, March 8, 2010 @ 3:14PMNEW YORK----Fitch Ratings has affirmed M/I Homes, Inc.'s ratings as follows:
- Who will spend first, businesses or consumers? Monday, March 8, 2010 @ 3:13PMTo understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They’re reluctant to spend freely.
- TRI-C students vote down U-Pass transportation plan Monday, March 8, 2010 @ 3:12PMCuyahoga Community College students who rely on public transportation will continue to pay the full RTA fare because a majority who responded to a survey opposed a mandatory fee for campus parking and unlimited rides on buses or rapids.
- Fitch Publishes U.S. CMBS Focus Report on BACM 2005-1 Monday, March 8, 2010 @ 3:12PMNEW YORK----Fitch Ratings has published its U.S. CMBS Focus Performance Report on Banc of America Commercial Mortgage Inc., series 2005-1 . The report provides a detailed and up-to-date perspective on key credit characteristics of the BACM 2005-1 transaction and property-level performance of the related trust loans.
- Medal of Honor Timeline Monday, March 8, 2010 @ 3:11PMIn anticipation of Electronic Arts' upcoming reboot of their Medal of Honor series for PlayStation 3, Xbox 360 and PC, we take a look at the entire history of the popular shooter franchise, which has seen a dozen games in the ten years it's been around.
- Fitch Downgrades 3 & Affirms 4 Classes of Blue Heron Funding II, Ltd. Monday, March 8, 2010 @ 3:10PMNEW YORK----Fitch Ratings has downgraded three classes and affirmed four classes of notes issued by Blue Heron Funding II Ltd. as a result of continued credit deterioration in the portfolio since Fitch's last rating action in August 2008.
- Hamas slaying in Dubai ripples worldwide Monday, March 8, 2010 @ 5:25AMIf there's a signature moment in the plot to kill Mahmoud al-Mabhouh, it's likely his short elevator ride from the hotel lobby to Room 230.
- Crisil assigns highest rating to Dabur Monday, March 8, 2010 @ 5:15AMFMCG major Dabur today said credit rating agency Crisil has assigned it the highest grade in the long-term due to the company's consistent growth and improved market position.
- Shelters are saving more dogs Monday, March 8, 2010 @ 5:09AMJEFFERSONVILLE, Ind. -- Each Saturday morning, a van pulls up to the J.B. Ogle Animal Shelter in Jeffersonville and picks up dogs that no one else wants, adding them to the abandoned pets already onboard from shelters elsewhere in Kentucky and Indiana.
- Perfect peas to push profits and cut carbon Monday, March 8, 2010 @ 4:59AMScientists, pea breeders and the food industry are collaborating to discover how taste and tenderness can be determined by biochemistry and genetics. They will work together to hone the make-up of a perfect pea.
- An Irish Mirror Monday, March 8, 2010 @ 4:26AMThe financial crisis in Ireland offers clues about our own, and about how to prevent another one.
- Facing tighter budgets, more homeowners are rethinking remodeling Monday, March 8, 2010 @ 4:25AM(ARA) - With more Americans downsizing their household budgets, larger-scale renovation projects are out and frugal remodeling is in.
- Stocks rise early on M&A activity, Greece hopes Monday, March 8, 2010 @ 4:20AMNEW YORK (AP) — Stocks rose early Tuesday following upbeat signs of economic improvement overseas and continued takeover activity. Overseas markets rose following upbeat economic reports in Asia and growing hopes European leaders will complete a bailout for debt-burdened Greece.
- Hurt Locker the big winner Monday, March 8, 2010 @ 4:17AMLOS ANGELES — David beat Goliath at the Oscars on Sunday night, as Kathryn Bigelow's modest war film The Hurt Locker slayed James Cameron's mighty Avatar. The night played out exactly as many experts had predicted.[...]
- School board group faces fraud probe, money crisis Monday, March 8, 2010 @ 4:13AMA group funded with taxpayer money is in the midst of a financial crisis and has asked forensic auditors to look for evidence of fraud and criminal activity at the organization.
- Employers vs. Consumers: Jobs crisis can't end until one side puts faith in the other Sunday, March 7, 2010 @ 2:30PMTo understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely. McFarland is CEO of Baldor Electric Co. in Fort Smith, Ark.; Rosen is a consumer in Washington state. Each is earning and saving money.
- Employers vs. Consumers: Who will blink first? Sunday, March 7, 2010 @ 2:13PMTo understand why jobs are so scarce, consider John McFarland and Nicole Rosen. The two share something in common: They're reluctant to spend freely.
- Business : RAK Eyeing More Investors to Spur Development Sunday, March 7, 2010 @ 1:38PMRAS AL KHAIMAH — Measures are being taken to make Ras Al Khaimah more attractive and friendly to investors and businessmen, including further development of its main port, higher power generation capacity and better education facilities, Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of RAK, said.
- Is That Saturn's Moon Titan or Utah? Sunday, March 7, 2010 @ 12:39PMPlanetary scientists have been puzzling for years over the honeycomb patterns and flat valleys with squiggly edges evident in radar images of Saturn's moon Titan.
- China Regulator Says Banks Should Boost Capital With Profits Sunday, March 7, 2010 @ 12:14PMBanks unable to use retained earnings should bolster capital with rights offerings, Zhu, assistant to the chairman of the securities regulatory, said yesterday at a briefing in Beijing.
- The real business of politics Sunday, March 7, 2010 @ 12:03PMThe circus of the recent resignations, the strange plans in the Green Party for the rotation of ministerial jobs and the on-again, off-again reshuffle has distracted political attention from a much more important issue that looms before the government: the messy, expensive and politically toxic job of fixing the country’s banks.
- (AFX UK Focus) 2010-03-07 17:26 SCENARIOS-What's next for Iceland after debt referendum? Sunday, March 7, 2010 @ 11:57AMREYKJAVIK, March 7 (Reuters) - After the crushing rejection by voters of a previous "Icesave" accord, Iceland's economic and political fortunes now hinge on how quickly the country can forge a new debt deal with Britain and the Netherlands. Iceland owes $5 billion to the two European Union members after they compensated savers in their countries who lost money in online Icelandic accounts during ...
- Fighting foreclosure Sunday, March 7, 2010 @ 11:28AMThomas McConnell didn’t know what to do when the heating and air conditioning quit working in his North Brainerd home last year.
- Business people Sunday, March 7, 2010 @ 8:57AMAndie Mobley joined Asher Agency as production manager. Wayne Pipe Supply Inc. elected the following officers and directors for 2010: James S. Wilson, president and chairman of the board; Richard A. Bada, vice president and director; Arden R. Boocher
- Ted Johnson, Maegan Carberry, Teresa Valdez Klein: Raising Ruckus in DC: Can Obama Make Progressives Care Again? Friday, March 5, 2010 @ 1:01PMOn today's Wilshire & Washington: Did everyone enjoy the Jim Bunning Saga of Obstruction? When did acting childish and churlish (and not getting anything for...
- (AFX UK Focus) 2010-03-05 18:49 BREAKINGVIEWS-Obama's bank tax could suffer unfortunate setback Friday, March 5, 2010 @ 12:56PMBy James Pethokoukis and Jeffrey Goldfarb
- Fitch Rates Scottsdale, AZ GOs 'AAA', Excise Tax Revs 'AA+'; Outlook Stable Friday, March 5, 2010 @ 12:54PMAUSTIN, Texas----Fitch Ratings assigns the following ratings to the Scottsdale, Arizona bonds listed below:
- Fitch Affirms Scottsdale, AZ's Water & Sewer Revs at 'AA+'; Outlook Stable Friday, March 5, 2010 @ 12:49PMAUSTIN, Texas----Fitch Ratings takes the following rating action on Scottsdale, Arizona's water and sewer revenue bonds as part of its continuous surveillance effort:
- China's Wen promises strong growth in 'crucial year,' efforts to promote clean industries Friday, March 5, 2010 @ 12:46PMBEIJING - China's Premier Wen Jiabao promised strong economic growth this year and said the government will combat inflation and risks to banks to keep the rebound in the world's third-largest economy on track.
- China's Wen promises strong growth in 'crucial year,' efforts to promote clean industries Friday, March 5, 2010 @ 12:44PMBEIJING - China's Premier Wen Jiabao promised strong economic growth this year and said the government will combat inflation and risks to banks to
- Check rules, bills to find medical expense tax deduction Friday, March 5, 2010 @ 12:38PMIt's more important than ever to take advantage of tax breaks that could lower your health care costs.
- How ABC News' Brian Ross Staged His Toyota Death Ride [Fakery] Friday, March 5, 2010 @ 12:35PM# fakery Brian Ross , America's Wrongest Reporter , has been credited with owning the Toyota recall story , including one memorable report with Ross behind the wheel of an out-of-control car . He did it by splicing in staged footage to make it look scarier. More »
- Melco China Resorts provides update on private placement with Wisecord Holdings Limited Friday, March 5, 2010 @ 7:47AMMelco China Resorts Limited , is pleased to announce that, in connection with the previously announced C$15,000,000 Private Placement with Wisecord Holdings Limited , it has now received an irrevocable written consent to the Private Placement from shareholders representing more than 50% of the issued Common Shares of MCR.
- N.Y.: Enexus shouldn’t include Vt. Yankee Friday, March 5, 2010 @ 7:46AMFriday March 5, 2010 BRATTLEBORO -- Take Vermont Yankee out of the deal and we’ll think about it.
- Chile quake-zone still shaking, death toll unclear Friday, March 5, 2010 @ 7:44AMCONCEPCION, March 5 — Aftershocks rattled south-central Chile today, panicking residents seven days after one of the strongest earthquakes on record ravaged the area, and the government said it was revising faulty death toll figures. Some people ran out of their houses, or jumped out of the vehicles they have been sleeping in since their homes were destroyed, as seven intense tremors hit the ...
- Japanese Yen Slips versus Well-supported U.S. Dollar Friday, March 5, 2010 @ 7:38AMJapanese Yen Slips versus Well-supported U.S. Dollar
- Regulators: Strict bank rules don't impede lending Friday, March 5, 2010 @ 7:38AMU.S. regulators fended off complaints Friday from lawmakers and small business owners that overly strict rules for banks have prevented crucial credit from flowing to where it is needed most.
- Deloitte Tax Specialists Offer Reaction to Federal Budget Friday, March 5, 2010 @ 7:29AMDeloitte outlines budget's strengths and weaknesses on creating a business climate that propels corporate growth and furthers Canada's international competitiveness