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Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations

CNBC 01/13/2012
Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations

Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area.

Fed’s Evans Says US Jobless Rate May Rise

Joshua Zumbrun Bloomberg.com 01/13/2012
Bank of America told Fed it could sell branches in emergency: source

Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.

Fed’s Evans Says US Jobless Rate May Rise

Federal Reserve Bank of Chicago President Charles Evans said the drop in the unemployment rate to 8.5 percent may be partially reversed in coming months.

NY Fed mulls sale of $7 bln of AIG bonds-Bloomberg

Jody Shenn and Caroline Salas Gage Bloomberg.com 01/12/2012
NY Fed mulls sale of $7 bln of AIG bonds-Bloomberg

The Federal Reserve Bank of New York may sell a block of the mortgage bonds it assumed from American International Group Inc. (AIG) after being approached by a potential buyer, according to two people familiar with the matter.

Future Publishing sells New York operation for $3m

Future Publishing has sold off its loss-making New York operation – home to magazines including Guitar World, Revolver and Guitar Aficionado – in a deal worth $3m (£1.9m).

U.S. Debt Nears $15.194 Trillion Ceiling

Damian Paletta The Wall Street Journal 01/12/2012

Delta eyes American Airlines bid

Breitbart.com 01/14/2012 01:39 01/12/2012
U.S. Debt Nears $15.194 Trillion Ceiling

The Treasury Department has begun maneuvers to avoid hitting the debt ceiling, as the Obama administration waits for Congress to return from the holiday break before it can raise the federal borrowing limit.

Delta eyes American Airlines bid

Delta Air Lines is eyeing a bid for bankrupt rival American Airlines, a source close to the matter said on Thursday, despite doubts that the proposed mega-carrier would win regulatory approval.

UK tabloid owner says hacking probe damaging newspapers

Daily Express owner Richard Desmond, one of Britain's most controversial media barons, condemned the official inquiry into media standards on Thursday as "the worst thing" to happen to newspapers.

US seeking to 'close down' Iran central bank

The latest round of American sanctions are aimed at shutting down Iran's central bank, a senior US official said Thursday, spelling out that intention directly for the first time.


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