Highlights
A collection of news and information related to Credit Ratings published by Tribune Company sources.
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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, Freddie Mac, Fannie Mae, Financial and Business Services
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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...Tags: Federal Reserve, Inflation and Deflation, Market and Exchange, Money and Monetary Policy, Petroleum Industry
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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, Darden Restaurants, Olive Garden Italian Restaurant
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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: Amylin Pharmaceuticals Incorporated, IMS Health Incorporated, Medicine, Sales, Pharmaceuticals
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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... -
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: Amylin Pharmaceuticals Incorporated, IMS Health Incorporated, Medicine, Sales, Pharmaceuticals
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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: Christianity, Salvation Army, Credit and Debt, Provident Bankshares Corporation, Bonds
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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: Morgan Stanley Dean Witter & Company, Punishment, J.P. Morgan Chase & Co., Foreign Exchange Market, Auction Service
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CEG's dose of tough love
A few sentences on page 46 of a financial disclosure that did not change reported profits, sales or net worth caused Constellation Energy Group's prospects to go into brownout this week. Its shares dropped 16 percent Tuesday. Analysts rushed to downgrade...Tags: Wine, Beer, and Spirits, Sales, Natural Gas, Baltimore Gas and Electric Co., Mortgages
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Dollar gains ground against pound, euro
Associated PressThe dollar climbed against the euro and pound yesterday amid hopeful signals on the U.S. economy, falling oil prices and gloom about the European economic outlook. The 15-nation euro fell to $1.4680 in late New York trading from $1.4885 late Thursday....Tags: Federal Reserve, Market and Exchange, Commodity Markets, Money and Monetary Policy, Foreign Exchange Market
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Inflation at 5.6% annual rate
McClatchy -TribuneThe job of the Federal Reserve and government policymakers got considerably more complicated yesterday when the Labor Department reported that consumer inflation is running at an annual rate of 5.6 percent, its highest level in 17 years. The Federal...Tags: Consumers, Upstream Oil and Gas Activities, Food Industry, Bank of America Corp., Sales
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Hempstead, Oyster Bay AAA-rated
Hempstead and Oyster Bay towns now share the highest possible credit rating of AAA by the Wall Street agency Standard & Poor's, making them the only two towns with that bond rating on Long Island. The rating is an indicator of a government's fiscal...Tags: Long Island, Credit and Debt, Seafood and Fishing Industry, Automotive Equipment, Ratings
Aug 20, 2008
|Story| South Florida Sun-Sentinel
Aug 20, 2008
|Story| South Florida Sun-Sentinel
Aug 19, 2008
|Story| Orlando Sentinel
Aug 19, 2008
|Story| Chicago Tribune
Aug 19, 2008
|Blog| BusinessWeek.com
Aug 18, 2008
|Story| Associated Press
Aug 17, 2008
|Story| Baltimore Sun
Aug 15, 2008
|Story| Baltimore Sun
Aug 15, 2008
|Column| Baltimore Sun
Aug 16, 2008
|Story| Baltimore Sun
Aug 15, 2008
|Story| Baltimore Sun
Aug 16, 2008
|Story| Newsday
