By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
The Fitch Group (technically, Fitch, Inc.) is a financial corporation whose divisions include Fitch Solutions, an advisory firm offering products and services to the financial industry, [http://www.reuters.com/article/pressRelease/idUS192799+09-Jan-2008+BW20080109 established in January 2008] partly following the criticism on Rating Agencies; Algorithmics Inc., the risk management software vendor and research firm; and Fitch Ratings, Ltd. - Source: Wikipedia
Fitch Ratings agency downgraded Britain's rating on Friday from triple-A to AA+, a recognition of the nation's weak economic future and growing debt.
While lawmakers in Washington braced for disaster, the nation's big three credit rating agencies yawned at the sequester cuts set to kick in Friday, saying the trims won't hurt the credit-worthiness of the federal government as long as Congress doesn't stop there.
Facebook unveiled a search feature that will put the world’s largest online social network more squarely in competition with Google and other rivals such as Yelp and LinkedIn.
The United States looks increasingly likely to lose its gold-plated AAA credit rating in the next few months amid warnings by Wall Street rating agencies that last week's $650 billion "fiscal cliff" deal did not go far enough to reduce $1 trillion deficits and stabilize the debt.
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
Sharp Corp. says Qualcomm Inc. will become a shareholder with an investment of up to 9.9 billion yen ($120 million) that will fund joint development of new LCD screens for mobile devices.
Wall Street ratings agencies are skeptical of the resolve of political leaders to tame the nation's debts, and are raising the likelihood that at least one of the three top agencies will add to the turmoil in financial markets at the end of the year by further downgrading the U.S. credit rating.
Moody's Investors Service on Tuesday warned that it will downgrade the U.S. government's AAA credit rating if Congress and the newly installed president next year fail to produce a major budget agreement that stabilizes and reduces the U.S. debt.
All three rating agencies have upheld Maryland's Triple-A bond rating in advance of a bond sale in coming weeks.
Fitch Ratings has retained the U.S. at its top 'AAA' credit rating but also left the outlook negative, citing the failure of Congress and the Obama administration to forge an agreement on reducing the budget deficit.
Long-time Japanese rivals Sony Corp. and Panasonic Corp. are working together to develop next-generation TV panels called OLEDs in a reversal of decades of rivalry as they try to catch up with South Korea's Samsung Electronics.
Fitch ratings agency says it has downgraded Spain's two largest international banks Banco Santander and Banco Bilbao Vizcaya Argentaria (BBVA) from A to BBB+.
Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.
JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
Greece's creditors agreed Friday to take cents on the euro in the biggest debt writedown in history, providing much-needed breathing room for European nations living beyond their means.
