News Alerts
Fitch Affirms TMS Business Loan Backed Certificates, Series 1999-1; Assigns Stable Outlooks (Jul-22, 13:33 EDT )-- NEW YORK----Fitch Ratings affirms and assigns Rating Outlooks to the following classes in The Money Store Business Loan Backed Certificates, series 1999-1:
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Amazon’s Profit Rises but Misses Forecasts (Jul-22, 15:49 EDT )-- Income is up 45 percent and sales are up 41 percent, but Amazon’s shares slide after the results fall short of forecasts.
Microsoft Posts a 48% Increase in Profit (Jul-22, 15:47 EDT )-- Quarterly income of $4.52 billion tops forecasts as rejuvenated sales to corporations fuel a 22 percent increase in sales.
Federal 'Sting' Slams Gene Tests (Jul-22, 15:22 EDT )-- The Government Accountability Office conducted an undercover operation, finding that some genetic testing companies were offering misleading, inaccurate results to consumers.
The Effects of the Credit Card Act (Jul-22, 15:06 EDT )-- Credit card issuers have stopped many of the "deceptive" or "unfair" practices outlawed by the Credit Card Act, but they are still engaging in others, according to a report.
Exxon After Valdez: Lessons For BP? (Jul-22, 15:00 EDT )-- Before the BP explosion in the Gulf of Mexico, the worst domestic oil spill was the 1989 Exxon Valdez in Alaska. The accident gave the oil giant a jolt and prompted the company to rethink its approach to safety. Now, Exxon does considerably better than...
Markets Sharply Higher on Earnings (Jul-22, 14:36 EDT )-- Investors focused on reports from a range of companies that are not seeing a slowdown in the recovery.
In Asia, Nearly a Gulf’s Worth of Oil Awaits Transport (Jul-22, 14:21 EDT )-- The Tengiz field in Kazakhstan has been operating at half its capacity because Russia hasn’t cooperated with pipeline expansion agreements made 12 years earlier.
Fiat Factory Is Test Case for Italian Workers and Economy (Jul-22, 14:17 EDT )-- Fiat's efforts to make its workers more productive may signal whether Italians are willing to embrace the kind of change needed for Italy to skirt financial ruin and be more competitive.
Housing Sales Slump After Tax Credit Expires (Jul-22, 14:17 EDT )-- Even as mortgage rates hit record lows, the housing market struggles to recover after the expiration of the first-time buyers' tax credit. New numbers show the rate of existing home sales fell in June, down 5.1 percent from May. Experts say the market...
House Votes To Restore Unemployment Benefits (Jul-22, 14:17 EDT )-- The vote ends a seven-week interruption of benefits for 2.5 million people who have been out of work for six months or more. Retroactive payments could go out as early as next week.
Hungary Passes Bank Tax Plan Despite Criticism (Jul-22, 14:14 EDT )-- The Hungarian Parliament voted to impose a tax on banks, defying warnings from international creditors that it would hamper growth.
Will Stress Tests Penalize Strong European Banks? (Jul-22, 14:06 EDT )-- Analysts were skeptical that the results of bank stress tests, due to be released Friday, would clear up doubts about weaker institutions.
Fed Would Act if Needed, Chairman Says (Jul-22, 12:30 EDT )-- In testimony to Congress, Ben Bernanke outlined three possible steps if the economy continued to languish.
Nokia Profit Falls Amid Tough Smartphone Competition (Jul-22, 11:40 EDT )-- In releasing results, the company sidestepped persistent speculation about a possible change in top management.
HUD Accepting Complaints About Mortgage Lenders (Jul-22, 11:34 EDT )-- The Department of Housing and Urban Development will investigate the practices of certain lenders to make sure borrowers haven't been illegally denied a mortgage because of a pregnancy or short-term disability.
Credit Scares: Thriftier States Reduce Red Ink (Jul-22, 09:22 EDT )-- Most states continue to struggle with deficits, but some are doing a better job of staying afloat than their neighbors. Such contrasts are clear in the Midwest, where Indiana and Michigan have managed their budget problems fairly well, while Illinois...
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