Posted on Thursday, 14th July 2011 by Jesse Walker
Standard & Poor’s has warned U.S. lawmakers privately that it would downgrade the country’s debt if the Treasury Department is forced to prioritize payments because Congress does not raise the debt limit, a congressional aide said Thursday. The warning undercuts an argument made by some Republicans that the country’s credit rating would not be affected [...]
Posted on Thursday, 14th July 2011 by Jesse Walker
– JPMorgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The second-largest U.S. bank managed to make new loans faster than customers paid off existing ones during the quarter, a reversal from the first quarter and a bright spot for a sector [...]
Tags: Loan, Loan Book
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Posted on Tuesday, 12th July 2011 by Jesse Walker
The utility intends to close one unit at Plant Branch in Milledgeville by October 2013 and another one by December. Jeff Burleson, a vice president with Southern, told the AJC the company also wants to shutter an additional unit but would not specify what type of fuel. He also would not name the power plant that [...]
Tags: Close, Close Powerplant
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Posted on Tuesday, 12th July 2011 by Jesse Walker
The union that represents workers at HMSHost, one of the largest concessionaires at Hartsfield-Jackson International, wants assurances workers can hold onto jobs at the airport. It also wants a requirement that all concessionaires strike preliminary agreements with unions that could pave the way for representation. The city of Atlanta at first went forward with such [...]
Posted on Tuesday, 12th July 2011 by Jesse Walker
– A string of troubled initial public offerings in Europe has pushed Bank of America Merrill Lynch to draw up a set of new guidelines to improve the listing process and restore confidence between sellers and buyers. The investment bank, the second-biggest equity fundraiser globally in the first half of the year and the fourth [...]
Tags: Restore, Restore Trust
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Posted on Monday, 11th July 2011 by Jesse Walker
BRUSSELS — Saudi Arabia increased significantly its oil production in June compared with May and could produce more in July, the executive director of the International Energy Agency said Tuesday. “There is a significant increase from Saudi in June, and probably in July too,” Nobuo Tanaka said on the sidelines of a meeting at the [...]
Tags: June, Oil Production
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Posted on Monday, 11th July 2011 by Jesse Walker
A long term loan like a home loan is a debt that is part of your budget every month. If you invest too much into it, there might not be adequate funds to manage a huge list of other expenses that will tend to accumulate with time. For eg. You need to make allowances for [...]
Posted on Sunday, 10th July 2011 by Jesse Walker
A U.S. district court recently ruled that the U.S. Environmental Protection Agency must formally determine in accordance with the Clean Air Act whether greenhouse gases from airplanes endanger human health. That means new air pollution standards could be coming for the airline industry. Already the EPA proposed new standards for 737s, 747s, and 767s covering [...]
Tags: Gases, Greenhouse Gases
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Posted on Saturday, 9th July 2011 by Jesse Walker
AIX-EN-PROVENCE, France — The chief executive officer of French oil company Total SA said oil prices are trending upward while refining margins are weak, and also said the company is widening the field of possible buyers for its Lindsey refinery in the U.K. “The trend at the moment is for prices to rise as fundamentals [...]
Tags: Oil Price, Trend
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Posted on Saturday, 9th July 2011 by Jesse Walker
Fauve Intertrade, a private equity firm in Raleigh, is purchasing EndPoint Logistics. The company, which has fewer than 10 people, will move its headquarters to North Carolina. A spokesman said EndPoint will keep an office and some of its operations in metro Atlanta. As EndPoint expands, more than half of the new jobs will be [...]
Tags: Firm, Nc Firm
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