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Business
Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations CNBC 01/13/2012 | Bank of America told Fed it could sell branches in emergency: sourceRick Rothacker Reuters 01/13/2012 |
 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. |  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 RiseJoshua Zumbrun Bloomberg.com 01/13/2012 | NY Fed mulls sale of $7 bln of AIG bonds-BloombergJody Shenn and Caroline Salas Gage Bloomberg.com 01/12/2012 |
 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. |  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. |
New York Attorney General Increases Homeowner Assistance Funding The Huffington Post 01/12/2012 | In yearly address, Mayor Bloomberg makes push to develop Kingsbridge ArmoryReuven Blau New York Daily News 01/12/2012 |
 New Yorkers struggling to keep their homes are about to get additional help. State Attorney General Eric Schneiderman has approved $1 million in funding for nonprofit legal services organizations to directly assist homeowners facing foreclosure, according to a statement released Thursday by his office. |  A sweeping transformation of the vacant Kingsbridge Armory took center stage in Mayor Bloomberg’s yearly address. Hizzoner said that once again the city is seeking developers to turn the former Bronx military post into a vibrant retail mecca or mixed-use space. |
Future Publishing sells New York operation for $3m The Guardian 01/12/2012 | U.S. Debt Nears $15.194 Trillion CeilingDamian Paletta The Wall Street Journal 01/12/2012 |
 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). |  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 Breitbart.com 01/14/2012 01:39 01/12/2012 | UK tabloid owner says hacking probe damaging newspapers Breitbart.com 01/12/2012 |
 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. |  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. |
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