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Fitch Rates Illinois Finance Authority $50MM Revs Ser 2008A (Rush University Med Center) 'AA-/F1+'
Published December 1, 2008, 11:41 am, Business Wire via Yahoo! Finance
NEW YORK----Fitch Ratings assigns an 'AA-/F1+' rating to the $50,000,000 Illinois Finance Authority variable rate demand revenue bonds series 2008A . The rating is based on the support provided by an irrevocable direct-pay letter of credit issued by The Northern Trust Company , securing the bonds.
PTC to consider big budget cuts Tues.
Published December 1, 2008, 11:10 am, The Fayette Citizen
Sales tax, other revenues fall along with poor economy Tuesday night the Peachtree City Council will be presented with a list of proposed budget cuts to address an anticipated $912,000 revenue shortfall this budget year due to the downturn in the economy.
Alabama Mayor Langford Charged With Bribery, Money Laundering
Published December 1, 2008, 10:06 am, Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor is charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed today.
GMAC Puts Individuals After Institutions in Bond Plan (Update2)
Published December 1, 2008, 9:51 am, Bloomberg
Dec. 1 (Bloomberg) -- GMAC LLC , the financing unit of General Motors Corp., is placing individual investors who loaned the company $14.6 billion behind institutions should the company file for bankruptcy.
Thai Political Crisis Worsens Econ Prospects
Published December 1, 2008, 8:56 am, Thailandnews.net
Both ratings firms said the economic prospects in the southeast Asian nation have worsened because of the political turmoil. S&P now has a negative outlook on its BBB+ ranking for
Fitch Enhances U.S. RMBS Surveillance with Launch of 'RMBS Loss Metrics'
Published December 1, 2008, 8:07 am, Business Wire via Yahoo! Finance
NEW YORK----As part of its ongoing commitment to transparency and providing timely and relevant risk information to investors, Fitch Ratings has launched 'RMBS Loss Metrics', a market leading compilation of quantitative performance measures on U.S. residential mortgage-backed securities .
Auto Sales Likely Fell on Economy, Bankruptcy Concern (Update1)
Published December 1, 2008, 7:49 am, Bloomberg
Dec. 1 (Bloomberg) -- U.S. auto sales probably fell in November when buyers shunned showrooms as the economy weakened and pleas for federal aid by General Motors Corp.
Michael Lewis on the Hedge Fund Manager Who Saw It Coming
Published December 1, 2008, 7:17 am, The Motley Fool
How Steve Eisman made a fortune from the subprime fallout.
New Star: Reaction from financial advisers
Published December 1, 2008, 6:28 am, Daily Telegraph
Financial advisers backed New Star to the hilt when it launched in 2001 recommending many of its funds to their clients. We asked many of those who were invited to its launch party at London's Planetarium what they are advising their clients to do now.
Happy Together: Smartphones and Mobile Apps
Published December 1, 2008, 6:11 am, IT Management
Touchscreen phone users are discovering that much of the fun in their devices stems from applications -- those little nuggets of convenience, amusement and distraction available for download on the slightest whim.
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