Warren Buffett may not be immune to the world of political inquiries and those looking for more “What really happened?” answers out there.  CNBC and others reported last night that the head of...
Many big-box retailers including Best Buy (BBY), Target (TGT), and Costco (COST) are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not...
Standard & Poor's has downgraded its financial opinion of WeWork for two primary reasons.
Source: ThinkstockThe Organization of Petroleum Exporting Countries (OPEC) released its oil market report for June yesterday, and the International Energy Agency (IEA) followed suit this morning. The...
As if you didn’t know that Greece and other nations classified as PIIGS were in trouble, and as if you did not know that ratings agencies are busy slashing ratings almost daily or weekly in these...
The IAE is predicting that use of fossil fuels could cause a very sharp increase in the world’s temperature as the demand for energy rebounds from the recession.In its new World Energy Outlook,...
24/7 Wall St. has seen all three major credit ratings agencies make much more cautionary statements against Boeing and its future reputation. These come from S&P Global, Moody's and Fitch Ratings.
The federal Pension Benefit Benefit Corporation has filed a motion with the bankruptcy court opposing the sale of Sears to former CEO Eddie Lampert and his hedge fund.
Today’s top debt rating story has to be the downgrade by Moody’s of Italian bonds by three notches, from ‘Aa2’ to ‘A2’, while keeping a negative outlook on the...
GNC Holdings could be up for grabs, according to a recent Wall Street Journal report. But who is buying it and why?
Clearly feeling the need to debase themselves further after their role in the subprime mortgage mess, the two major credit agencies are signaling that they will hold their ratings on AIG (AIG) ...
Source: courtesy of DellDell Inc. (NASDAQ: DELL) may still be involved in a massive go-private transaction which may or may not have a competing bid of sorts from Carl Icahn. Now Dell is faced with a...
Bill Gross, the head investment officer of bond giant PIMCO and the most famous fixed-income investor in the world, dismissed Moody’s (NYSE: MCO) and S&P as deeply flawed arbiters of investment...
The Organisation for Economic Co-operation and Development (OECD) issued its forecast for the global economy. The widely regarded agency reported worldwide GDP growth has peaked and will start to...