The Guardian Greece Cut to Junk by Moody's on 'Substantial' Economic Risks BusinessWeek June 15 (Bloomberg) — Greece's credit rating was cut to non-investment grade, or junk, by Moody's Investors Service, threatening to further undermine demand for the debt-strapped nation's assets as it struggles to rein …
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The Hindu G20 tells indebted nations to speed up their austerity drives The Guardian Finance ministers from the world's leading economies yesterday called on indebted countries to speed up the pace of their austerity drives in the wake of the Greek crisis, in order to ease fears on the markets over sovereign finances.
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Washington Post US Airline Passengers May Get 63% More When Bumped BusinessWeek June 2 (Bloomberg) — US airline passengers, who will face crowded airplanes this summer, may collect higher payments for being forced to give up a seat on an overbooked flight.
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Telegraph.co.uk Buffett Says He Expects 'Terrible Problem' for Municipal Debt Bloomberg June 2 (Bloomberg) — Warren Buffett, whose Berkshire Hathaway Inc. has been trimming its investment in municipal debt, predicted a “terrible problem” for the bonds in coming years
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The Guardian Department of Justice investigating BP over spill Houston Chronicle •OIL POLLUTION ACT OF 1990, WHICH CAN BE USED TO HOLD PARTIES LIABLE FOR CLEANUP COSTS AND REIMBURSEMENT FOR GOVERNMENT EFFORTS. WASHINGTON — Calling the oil spill in the Gulf of Mexico the “greatest … BP loses 15 percent of market value as US launches criminal probe of spill Washington Post US Opens Criminal Probe Into Spill Wall Street Journal Judges Quit BP Gulf Oil-Spill Suits Over Conflicts of Interest BusinessWeek Reuters
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The Guardian Bailout Haunts Any AIG Deal New York Times The wrangling over the American International Group's Asian insurance unit clarifies what the board of Prudential of Britain should have known all along: AIG is beholden to the American taxpayer. … Financial News: Other IPOs Hope Pru Rights Issue Will Fail Wall Street Journal Prudential currency trades could mop up cost of AIA deal Telegraph.co.uk Prudential withdraws from AIG Asia deal MarketWatch BusinessWeek
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The Guardian Scenarios: Tighter regulations may follow Gulf oil spill Reuters WASHINGTON (Reuters) – With oil still flowing uncontrollably into the Gulf of Mexico, the Obama administration is cracking the whip on the offshore drilling industry. BP Plc's latest attempt to plug its ruptured underwater well failed last week, ..
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Reuters HP to Cut 9000 Jobs and Take $1 Billion in Costs BusinessWeek June 1 (Bloomberg) — Hewlett-Packard Co., the world's largest personal-computer maker, plans to cut about 9000 jobs and retool its computer-services business to help it compete with International Business Machines …
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Telegraph.co.uk BP Tries Again to Divert Oil Leak With Dome New York Times Jae C. Hong/AP By CLIFFORD KRAUSS HOUSTON — Unable for six weeks to plug the gushing oil well beneath the Gulf of Mexico, BP turned its attention Tuesday to trying to use a dome to funnel some of the leaking crude to a tanker on the surface. ..
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Asian Stocks Fall on Japan Policy Concern, China Manufacturing BusinessWeek June 1 (Bloomberg) — Asian stocks fell, extending the MSCI Asia Pacific Index's biggest monthly drop since October 2008, as investors speculated over the future of Japan's prime minister and Chinese manufacturing growth slowed. ..
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