The U.S. Aaa credit rating won’t be under pressure from budget deficits in 2010 or 2011, Moody’s Investors Service (MOD) said.
The White House budget office projects that the federal deficit will top $1.5 trillion this year.
“Certainly over time, a…
Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…
The U.S. must act to rein in its massive budget deficits or face the risk of a bond market crisis, former Fed Chairman Alan Greenspan said Sunday. If deficits begin to frighten the bond market, interest rates will rise, undermi…
Vodafone Group (VOD) was ordered by an Indian court to put up a deposit of 25 billion rupees ($554 million) while it challenges an Indian tax bill.
Vodafone, the world’s largest mobile-phone company, has to set aside 25 billion rupees with the court …
A new Bloomberg poll shows 68% of investors say Obama’s policies are “detrimental to the U.S. investment climate.” That’s despite soaring corporate earnings and a huge bounceback in stock prices during his administration. Somew…