Archive for November, 2011

Pending Home Sales Rise Significantly In October

Pending home sales surged in October to their highest point in nearly a year, according to a report released Wednesday by the National Association of Realtors.

France’s AAA Status in Tatters as Yields Surge: Euro Credit

Investors aren’t waiting for Standard & Poor’s or Moody’s Investors Service to strip France, Europe’s second-biggest economy, of its top credit rating.

US consumers shed debt but desire to spend is seen

WASHINGTON : US households continued to slowly pare debt in the third quarter and showed a glimmer of interest in ramping up spending, a sign the economy is crawling back toward normalcy after a wrenching downturn.

New Jersey Toll-road Revenue $45 Million Less Than Projected

Revenue from New Jersey’s toll roads fell $45 million short of projections this year through September as high gasoline prices, joblessness and storms kept drivers off the New Jersey Turnpike and Garden State Parkway.

Sherwood officials weigh revenue, needs

Several Sherwood city officials said during an Aug. 30 budget meeting that there are serious needs in city infrastructure maintenance and upgrades.

Belgium latest to have credit downgraded

Credit rating agency Standard & Poor’s downgraded Belgium Friday as the sovereign debt crisis continues to spread across the continent.

Egypt Pays Record Yields as Unrest Prompts S&P to Cut Rating

Egypt paid record borrowing costs and missed its Treasury-bill fund-raising target as deadly clashes this week prompted Standard & Poor’s to cut its credit rating for a fourth time this year.

Even Germany suffering in Europe’s debt crisis

The debt crisis struck at the heart of Europe on Wednesday, as Germany fared surprisingly poorly at a bond auction and its leader feuded with top European Union officials over their push for jointly guaranteed debt.

US bank earnings up to four-year high

US bank earnings have risen this year to their highest level in more than four years, while the number of troubled banks has fallen for the second straight quarter, regulators report.

Pooling Risk – Merkel Under Pressure To Say ‘ja’ To Euro Bonds

Chancellor Angela Merkel hates the idea of euro bonds. But with the European Commission set to present a feasibility study on Wednesday, pressure is mounting for her to change her tune. If she doesn’t, say some, the debt contagion will simply continue to spread.