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Daily Mail owner sees profits fall by more than a third
Daily Mail & General Trust saw profits fall by more than a third to £46m in the first half of the year, as it counted the cost of close to 600 job cuts and a decline in advertising revenues.
Negative equity remains a drag on housing market
Nearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show. These underwater loans hinder mobility and hurt prices because they tend to stymie the important move-up market. Even as a tentative housing recovery in the Southland appears underway, a big stumbling block remains: the [...]
Foreclosures, house sales up in April
Foreclosures were up in Frederick County from March to April, but so were home sales
Homeowners insurance – Yahoo Finance
Reviewing your homeowners policy may not rank high on our annual home-maintenance checklist. Yet following the five steps below will save you big bucks now and a lot of grief down the road. After the recent slew of natural disasters, average …
Fitch Rates United Technologies’ Proposed $10B Sr. Unsecured Debt ‘A’; Outlook … – MarketWatch (press release)
Globe and Mail Fitch Rates United Technologies' Proposed $10B Sr. Unsecured Debt 'A'; Outlook …MarketWatch (press release)CHICAGO, May 24, 2012 (BUSINESS WIRE) — Fitch Ratings assigns a rating of 'A' to United Technologies Corporation's (UTC; NYSE: UTX) proposed issuance of approximately $10 billion of senior unsecured notes. The notes will consist of maturities that …TEXT-Fitch [...]
Jeeps Sell for $189,750 as China Demand Offsets Tariffs – Bloomberg
Not for sale here: Jeep sport-utility vehicles … Manley, who oversees Asian business for Jeep owner Chrysler Group LLC, said he wants to increase the brand’s sales in China by expanding Chrysler’s dealer network by as much as 29 percent …
AMR hedge fund creditors organize to study merger – Reuters India
NEW YORK (Reuters) – Hedge funds York Capital Management and King Street Capital are among a handful of AMR Corp AAMRQ.PK bondholders joining forces in hopes of boosting potential paybacks on more than $700 million in unsecured AMR debt …
US sales of new homes rose 3.3 percent in April
Sales of new homes rose solidly last month, adding to evidence of gradual improvement in the housing market.
TEXT: S&P Rates AIG Senior Unsecured Notes ‘A-’ – Reuters
TEXT: S&P Rates AIG Senior Unsecured Notes 'A-'ReutersNEW YORK (Standard & Poor's) May 23, 2012–Standard & Poor's Ratings Services said today that it has assigned its 'A-' senior unsecured debt rating to American International Group Inc.'s (AIG; A-/Stable/A-2) new issue of $750 million of 4.875% senior …
Fitch Affirms Verizon’s IDR at ‘A’; Outlook Stable – Bloomberg
Fitch has affirmed the following Verizon entities with a Stable Outlook: Cellco Partnership –IDR at ‘A’; –Senior unsecured debt (co-issued with Verizon Wireless Capital LLC) at ‘A’. Verizon Wireless Capital LLC –IDR at ‘A’; –Senior unsecured …