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NEW YORK----Fitch Ratings has today placed sub-class A6-EL of notes issued by Newport Waves CDO Series 7 on Rating Watch Negative. The Rating Watch Negative action reflects Fitch's view on the credit risk of the rated notes following the release of its new Corporate CDO rating Criteria.
WASHINGTON -- Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades. The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a...
NEW YORK--(BUSINESS WIRE)--(This is a replacement to the release that went out on May 15, 2008; please refer to this release for all rating actions.) BSABS Trust 2002-2 --$22.7 million class A-1 affirmed at 'AAA'; --$3.0 million class A-2 affirmed at 'AAA'; --$3.7 million class M-1 affirmed at...
With record Sotheby's sale, art market keeps booming Collectors dropped a historic $362 million at Sotheby's evening contemporary art auction this week - a sign that for dealers and gallery owners, good times are still rolling. This photo from Sotheby's shows the three panels of Francis Bacon's...
NEW YORK — Shares of investment banks fell Friday as the broader markets wavered when worries over rising oil prices outweighed a surprise jump in April home construction data. Here's how shares of some investment banks fared: Bear Stearns Cos. shares slipped 9 cents to $10.23.
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has upgraded the long-term debt rating for the Florida Gas Utility's Gas Supply Acquisition Project No. 2 revenue bonds (series 2006) to 'AA' from 'AA-'. Florida Gas Utility's (FGU) upgrade follows UBS AG's posting of collateral equal to 102% of bond and...
Paulson Speaks at Post 200 Business Forum Secretary of Treasury Henry Paulson spoke at the Post 200 Business Forum Friday, May 16 about the state of the economy and its future. Washington Post Staff Writer Treasury Secretary Henry M. Paulson Jr. said today that financial markets have stabilized...
Word Count: 1,208 | Companies Featured in This Article: Lehman Brothers Holdings, Bear Stearns, J.P. Morgan Chase, Goldman Sachs Group, General Mills, Morgan Stanley New York Lehman Brothers Holdings Inc. had a lot riding on Erin Callan, its chief financial officer, during an earnings conference...
By Kelly Evans and Justin Lahart A funny thing happened to the economy on its way to recession: It has taken a detour. Economists also cite swift policy responses, including a sharp reduction in interest rates by the Fed — to 2 percent from 5.25 percent in September — and the distribution of...
News Type: Event — Seeded on Fri May 16, 2008 9:31 PM EDT JPMorgan Chase & Co will begin trading physical oil by year-end, increasing its exposure in a market that could rise to $200 a barrel, the bank's global head of commodities said on Wednesday. The bank plans to expand in commodities and...
