Highlights
A collection of news and information related to Credit Ratings published by Tribune Company sources.
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U.S. will buy stock in banks to boost capital
Associated PressThe government will buy an ownership stake in a broad array of U.S. banks for the first time since the Depression, Treasury Secretary Henry M. Paulson Jr. said late yesterday, announcing the historic step after stock markets fell still lower around the...Tags: Central Bank, Stock Market, Heads of State, Ben Bernanke, Money and Monetary Policy
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Wall Street finishes worst week ever
Of The Associated PressSpeaking at the White House Friday as finance ministers and central bankers from around the world gathered nearby. Stock markets jolted still lower in the U.S. and around the world Friday despite all efforts to slow the selling stampede, and the globe'...Tags: Central Bank, Stock Market, Ben Bernanke, Money and Monetary Policy, Henry Paulson
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After Europe-leading boom, Ireland's Celtic Tiger economy falls into recession
Associated Press WriterDUBLIN, Ireland (AP) _ Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg....Tags: Economy, Banking, Economic Indicator, Population, European Union
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G7 Endorses Plan To Battle Financial Crisis
The tsunami of global stock sell-offs swept through Europe on Friday as European shareholders deserted the markets in droves, pushing down stock prices in a frenzy some dubbed "red October." Exchanges that had hit record highs just a year ago plunged...Tags: Federal Reserve, Moody's Corporation, Ben Bernanke, Money and Monetary Policy, Financial Markets
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Fear, greed produce wild ride for stocks on Wall Street
Los Angeles Times Staff WriterIn a fitting end to the worst week on Wall Street since the Great Depression,the stock market underwent a titanic battle between greed and fear Friday as stock prices rallied from two bone-rattling sell-offs only to fade late in the day. The Dow Jones...Tags: Stock Market, Personal Finance, Great Depression, New York Stock Exchange, Investment Service
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Slumping bond insurers restricted
757-247-4738Two of the nation's largest municipal bond insurance companies have been banned from doing any new business in Virginia for three months because of their dire financial situations. The Virginia State Corporation Commission issued an "impairment order"...Tags: Bonds, Local Authority, Credit and Debt, Insurance, Ratings
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How to avoid banking issues
Bank failures! Stock market plunges! Mega-bailouts! The news is enough to make the financially challenged wonder whether now might be time to stash cash under the mattress. "If I hear a bad rap on a bank and have my money in there, my first thought is to...Tags: Coral Gables, National Government, Government, North Miami
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Snowballing sell-off on Wall Street spreads worldwide
The Associated PressStock prices careened lower Friday in Asia and Europe and gyrated wildly in the United States, extending a stampede of selling that began on Wall Street a day earlier and deepening a global financial crisis that has defied all efforts to stop it....Tags: Central Bank, Nintendo Company Ltd., Stock Market, Money and Monetary Policy, Automotive Equipment
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Top economic powers endorse plan to battle financial crisis
AP Economics WriterWASHINGTON (AP) _ Finance officials from the world's top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century. The officials from the Group of Seven countries issued the five-point plan aimed at...Tags: Federal Reserve, Moody's Corporation, Ben Bernanke, Money and Monetary Policy, Financial Markets
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Oil prices plummet to 13-month on fears global slowdown will cut crude demand
AP Business WriterNEW YORK (AP) _ The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. Oil hasn't been this cheap in 13 months —...Tags: Economy, Wright Express Corporation, Stock Market, New York Mercantile Exchange, International Energy
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Oil prices briefly plummet below $80 on fears global slowdown will cut crude demand
AP Business WriterNEW YORK (AP) _ Oil prices briefly plunged below $79 a barrel Friday, dropping to the lowest level in nearly 13 months as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis. Light, sweet crude for...Tags: Economy, Wright Express Corporation, Stock Market, New York Mercantile Exchange, International Energy
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Goldman Sachs, GE, Morgan Stanley, Macy's are among big movers on the stock market Friday
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE Goldman Sachs Group Inc., down $12.55 at $88.80 The bank's credit outlook was revised to negative by ratings agency Moody's, which expects a...Tags: Plant Closings, Macy's, Stock Market, Exxon Mobil Corporation, Wachovia Corp.
Oct 11, 2008
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Oct 11, 2008
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Oct 10, 2008
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Oct 10, 2008
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Oct 10, 2008
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Oct 10, 2008
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