Highlights
A collection of news and information related to Credit Ratings published by Tribune Company sources.
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Mining the wealth of home-buying information
ellen.yan@newsday.comFor buyers and sellers alike, the cornucopia of housing and mortgage reports released regularly from the industry groups can be overwhelming. Experts caution that such information should only be used as a guide when deciding whether the time is right...Tags: Sales, Financial and Business Services, Auction Service, Property
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S&P Downgrades Big Three: Warns of Dire 2009
BusinessWeek.comGM, Ford and Chrysler all had their credit ratings lowered a step further into junk status today by Standard & Poor???s (which, like BusinessWeek), is owned by McGraw-Hill). The chief concern of the rating agency is the cash burn of all three companies... -
Credit rating of CEG falls to BBB
Sun reporterFitch Ratings lowered Constellation Energy Group's credit rating yesterday to BBB from BBB+. The firm said the move was in recognition of "the significant volatility and business risk in the company's commodity energy business" and management challenges...Tags: Ratings, Baltimore Gas and Electric Co., Credit and Debt
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Wall Street analyst downgrades Darden Restaurants stock
Sentinel Staff WriterA Wall Street investment-research firm downgraded its stock rating for Orlando-based Darden Restaurants, owner of Red Lobster and Olive Garden, on slowing sales at casual-dining restaurants. David Palmer, a stock analysts for UBS Securities, said in a...Tags: Sales, Brinker International Incorporated, Red Lobster, Olive Garden Italian Restaurant, Restaurant and Catering Industry
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Consumers feel fallout from Fannie Mae, Freddie Mac
The Associated PressJeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify...Tags: Mortgages, Fannie Mae, Financial and Business Services, Freddie Mac
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FDA eyes stronger warning for Byetta
Associated PressWASHINGTON — Federal regulators are working on a stronger label for a widely used diabetes drug marketed by Amylin Pharmaceuticals Inc. and Eli Lilly & Co. after deaths were reported with the medication despite earlier government warnings. The Food...Tags: GlaxoSmithKline, Sales, Pharmaceuticals, Lilly Eli & Co, IMS Health Incorporated
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Inflation skyrockets
The Associated PressWholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the...Tags: Federal Reserve, Money and Monetary Policy, Petroleum Industry, Inflation and Deflation, Market and Exchange
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Last week's headlines
A major Wall Street firm cut Constellation Energy Group's credit rating after the Baltimore-based company recently revised its estimate of how much collateral it would need to address such a downgrade. Corporate credit rating agency Standard & Poor's...Tags: Salvation Army, M&T Bank Corporation, Volvo AB, Ratings, Christianity
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FDA reports deaths with diabetes drug Byetta
AP Business WriterFederal regulators are working on a stronger label for a widely used diabetes drug marketed by Amylin Pharmaceuticals Inc. and Eli Lilly & Co. after deaths were reported with the medication despite earlier government warnings. The Food and Drug...Tags: GlaxoSmithKline, Sales, Pharmaceuticals, Lilly Eli & Co, IMS Health Incorporated
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What does the stronger U.S. dollar mean for you?
Tribune columnistIf high prices have forced you to give up Italian shoes, French wine or a vacation abroad, you should be cheering on the rising dollar. Products from Europe have been getting increasingly expensive over the last few years because of the weak dollar,...Tags: Energy Saving, Northern Trust Corporation, Money and Monetary Policy, Wine, Beer, and Spirits, Petroleum Industry
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Moody's lowers GM debt rating further
General Motors Corp. had its credit rating lowered one level further, to junk status by Moody's Investors Service over concerns about cash flow and the automaker's declining U.S. sales. Moody's now rates the world's largest automaker's debt Caa1, or seven...Tags: Automotive Equipment, General Motors Corp., Ratings, Moody's Corporation
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JPMorgan, Morgan Stanley settle in N.Y.
Associated PressJPMorgan Chase & Co. and Morgan Stanley yesterday became the latest banks to reach settlements with New York Attorney General Andrew M. Cuomo and other regulators as part of an investigation into the collapse of the auction-rate securities market. The...Tags: Sales, Punishment, J.P. Morgan Chase & Co., UBS AG, Financial Markets
Aug 21, 2008
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|Blog| BusinessWeek.com
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Aug 20, 2008
|Story| South Florida Sun-Sentinel
Aug 19, 2008
|Story| Chicago Tribune
Aug 20, 2008
|Story| South Florida Sun-Sentinel
Aug 17, 2008
|Story| Baltimore Sun
Aug 18, 2008
|Story| Associated Press
Aug 16, 2008
|Story| Chicago Tribune
Aug 14, 2008
|Story| Baltimore Sun
Aug 15, 2008
|Story| Baltimore Sun
