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Ford’s credit rating was lifted to within one level of investment grade Friday, making it cheaper for the automaker to borrow, after it secured a new contract with workers.
Standard & Poor’s Ratings Services raised Ford two levels to “BB+” from “BB-,” saying the agreement will allow its North American operations to remain profitable.
Ford Motor Co. […]
France’s finance minister says that French banks are solid and do not need to be recapitalized despite being heavily exposed to Greece’s debts.
Francois Baroin said on France-Info radio Thursday that leading French banks brought in billions in profits this year and “are companies that do no need recapitalization.”
He says the banks aren’t having difficulty with […]
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British police have charged a 16-year-old boy with murdering a retiree who was attacked by rioters in London last week.
The boy, who can’t be named because of his age, is accused of killing 68-year-old Richard Bowes.
Bowes was found lying in a street during riots in Ealing, west London, on Aug. 8. He died of head […]
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A rush of theme park construction across Asia that will result in new homes for Mickey Mouse, the Monkey King and Hello Kitty is also providing a financial lifeline for the world’s elite group of entertainment designers.
New theme parks, resorts and casinos are scheduled to open from Singapore to Seoul over the next several years […]
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Four years ago my husband accepted a transfer from Ottawa to Toronto. We were excited to come back to the GTA and bought a fixer-upper in a great neighbourhood in Unionville.
Late in 2009, after finishing a $110,000 renovation, my husband was laid off from his job as a marketing director for a Markham high-tech company. […]
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Standard & Poor’s is warning mortgage giants Fannie Me and Freddie Mac that they may lose their top credit ratings if lawmakers don’t raise the U.S. government’s borrowing limit in time to avoid a default.
S&P says government-controlled Fannie and Freddie, along with certain Federal Home Loan Banks and Farm Credit System Banks, could also default […]
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Two people briefed on the matter say General Motors has decided to sell a diesel version of the Chevrolet Cruze car in the United States.
They say the car would get about 50 miles per gallon on the highway and help GM meet stricter government fuel economy standards.
One of the people says the diesel version is […]
The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they’ve done little to help people at risk of losing their homes.
The Treasury Department said Thursday that Wells Fargo, Bank of America and JPMorgan Chase & Co. have failed to help enough people permanently lower […]
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Hong Kong raised forecasts for growth and inflation after the economy expanded 7.2 percent in the first quarter, the fastest pace in a year and more than any of the estimates in a survey of 17 economists.
The gain in gross domestic product from a year earlier, released by the government at a briefing today, […]
Motorola Mobility Holdings Inc., the maker of cellphones and cable set-top boxes that split off from the rest of Motorola in January, says it narrowed its loss in the latest quarter as it nearly doubled shipments of smartphones.
Motorola Mobility posted a loss of $81 million, or 27 cents per share, for the January to March […]