Topic: Fitch Inc.
Lehman rulings may impact global structured finance
Reuters US Online Report Business News
NEW YORK (Reuters) - The rating impact of recent Lehman Brothers court rulings in the English Court of Appeal and the U.S. Bankruptcy Court on existing structured finance ratings could be "wide-ranging" globally, Fitch Ratings said on Friday. A New York bankruptcy court said last year that Lehman Brothers < ...
US Steel shares continue slide after weak outlook
AP News
US Steel continues slide as analysts revise forecasts to reflect company's weak 1Q outlookShares of United States Steel Corp. tumbled for a second day Wednesday as several analysts lowered their projections after the steel manufacturing giant forecast a first-quarter loss. Shares U.S. Steel fell $3.45, or 7 ...
Owners: $5.4B NY housing complexes go to creditors
AP News
Owners: 2 NYC apartment complexes bought for record $5.4B will be turned over to creditorsLike many homeowners who owe more than their properties are worth, the heavy hitters behind the most expensive real estate deal in U.S. history are giving up the two massive apartment complexes they bought ...
Fitch: Retail credit card defaults near records
AP News
Fitch Ratings says retail credit card defaults in December hit near-record levelsCredit card defaults on store-branded accounts hit near record levels during the holiday shopping season and the trend is likely to continue this year, Fitch Ratings analysts said Thursday. Fitch's report shows that more than one in every ...
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