Posts Tagged ‘debt’

Stocks fall Thursday on European concerns

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks were weak on the open Thursday on European debt worries. Just before 10 a.m. on Wall Street, the Dow Jones Industrial Average lost 25 points, the Standard and Poor’s 500 Index was lower by 2 points and the NASDAQ was […]

Lehman emerges from bankruptcy

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Lehman Brothers Holding Inc. emerged from bankruptcy Tuesday by beginning to pay creditors as stipulated in a plan set up by the court on Dec. 6. The biggest creditors with a combined $ 138 billion were Citigroup and Bank of Mellon Corp […]

SEC Warns Top Banker of Charges Over Magnetar Deal

According to the Wall Street Journal, the Securities and Exchange Commission has warned a top banker that it may bring civil charges against him for his role in creating a risky collateralized debt obligation, or CDO, that exploded spectacularly as the housing market crashed. It’s the first public evidence that the SEC is considering charges […]

Questions loom as Europe inks new Greek bailout

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Eurozone finance ministers agreed to a €130 billion rescue for Greece on Tuesday, averting a messy default, by forcing Athens to commit to unpopular cuts and private bondholders to take big losses. The complex deal was inked in lengthy overnight agreements. It […]

Stocks slightly higher Wednesday on eurozone optimism

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened slightly higher Wednesday following better than expected European economic data and new promises from China to keep buying debt issued by eurozone governments. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 10 points, […]

Wall Street up Thursday on follow-through from Fed comments

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Thursday as investors continued to focus on comments from the Fed and better than expected corporate earnings. Just before 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 66 points, the Standard & Poor’s 500 […]

Yen Intervention Failing as Best Currency Poised to Advance

There’s been no better currency in 2011 than the yen and strategists forecast more gains, even as Japan promises to intervene again in foreign-exchange markets and expands the world’s biggest debt burden. View full post on Finance Stories

Nevada’s Ahern Rentals files Chapter 11 bankruptcy

Ahern Rentals Inc., a Nevada-based national construction equipment supplier hit hard by the recession, filed a Chapter 11 bankruptcy case Thursday in U.S. Bankruptcy Court in Reno to reorganize more than $500 million in debt. View full post on Business Stories

Asia shares drift lower on Europe concerns

Carmakers lose ground on fears that debt crisis will curb Asian exports to the eurozone View full post on UK Business Stories

Fitch downgrades world’s top banks

Fitch downgraded the debt rating of nine of the world’s leading banks including Bank of American and Goldman Sachs. View full post on Banking Stories