Fitch credit ratings agency downgrades the UK to AA+ owing to a weakened economic outlook, but Chancellor George Osborne defends his austerity plan.
Go here to read the rest: Fitch downgrades UK credit rating
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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...
Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Amidst the Fed’s efforts to boost the economy and hot market for risky debt, CFOs say bring on the downgrades.
Read more from the original source: Corporate America: We’re junk and we like it
The prime minister says the UK is going through a “slow and difficult healing process” rebalancing its economy, as the IMF downgrades growth forecast.
Read more from the original source: PM: UK economy ‘slowly healing’
The global economic recovery is weakening, says the International Monetary Fund, which downgrades sharply its UK growth forecast.
See more here: Global recovery ‘getting weaker’
Category : Stocks
Facebook’s (FB) brutalizing after going public may be the best thing that could’ve happened to the company, says Pimco’s Mohamed El-Erian. Prior to its IPO, the company could do no wrong, but suddenly that’s all changed. It’s mystique has been replaced by the harsh reality of analyst’s calls and downgrades. Hopefully, if FB‘s reality check is successfully internalized by management and staff, the company may well avoid what could have been an even bigger shock down the road. Post your comment!
View post: Facebook’s (FB) brutalizing after going public may be the best thing that could’ve happened to the company, says Pimco’s Mohamed El-Erian. Prior to its IPO, the company could do no wrong, but suddenly that’s all changed. It’s mystique has been…