Posts Tagged ‘Debt’

Roseanne Barr running for president

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – Roseanne Barr has filed the official paperwork necessary to run for the Green Party nomination for president of the United States. Barr filed her paperwork with the Federal Election Commission on Jan. 25. Her filing creates a four-way race for the Green nomination, [...]

U.S. stocks fall as GDP trails forecast

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street opened lower Friday after a report showed that the U.S. economy expanded less than forecast.. Just after the opening bell, the Dow Jones Industrial Average was lower by 33 points, the Standard and Poor’s 500 Index was flat and the [...]

Wall Street opens mixed Friday on GE, Google earnings

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street opened mixed to lower Friday morning following earnings reports from General Eclectic and Google that disappointed. Just after the opening bell, the Dow Jones Industrial Average was flat, the S&P 500 Index was down 3 points and the NASDAQ fell [...]

Atlanta’s tallest building heading for foreclosure

Diane Alter – AHN News Reporter Atlanta, GA, United States (AHN) – Oh how the tall and mighty have fallen. Atlanta’s tallest building, Bank of America Plaza, a tower bought at the market peak, has been struggling with rising vacancy rates and a heavy debt load. A foreclosure date has been set for the storied [...]

Italy’s government finds borrowing costs remain high

Linda Young – AHN News Writer Rome, Italy (AHN) – Italy’s borrowing rate came down slightly at its latest bond auction, but still remained high with investors worried over the eurozone debt crisis. Interest rates on 10-year bonds dropped by only 0.5 percentage points from the yield prices on debt auctioned in November. However, economists [...]

Treasury sells 30-year bonds at record lows

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The U.S. Treasury Department sold $13 billion in 30-year bonds Wednesday at a record low yield of 2.925 percent. Despite the debt security having the lowest yield on record, investors in the U.S. and around the world still have a hearty appetite [...]

Obama sends Europeans back home with empty promises

Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – The United States-European Union summit here ended without any fiscal help emerging from the U.S. as ambassadors from both sides provided a read-out of the meeting while the host president brushed aside chances of any news-making headlines emerging. President Barack Obama, along with [...]

Stocks rise Friday on consumer confidence, Italy vote

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks celebrated Veteran’s Day will a strong rally. Helping markets advance was a report that showed a better than expected rise in the Consumer Confidence Index and a vote in Italy on its debt reduction plan. At 3 p.m., with just [...]

Third credit rating downgrade for Spain in 13 months

Vittorio Hernandez – AHN News Madrid, Spain (AHN) – In a span of just a little over one year, Spain has suffered a third debt rating downgrade from Moody’s Investors Service. The rating agency on Tuesday cut Madrid’s rating by two levels to A1 from Aa2. Moody’s also kept a negative outlook for Spain as [...]

Geithner to attend eurogroup meeting in Poland on Friday

Jupiter Kalambakal – AHN News Reporter Washington, DC, United States (AHN) – US Treasury Secretary Timothy Geithner will join a gathering of European Union finance ministers in Poland on Friday to talk about global economic recovery. U.S. federal reserve authorities have earlier said that part of the country’s market unease is due to the European [...]

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