S&P says it may cut U.S. AAA credit rating
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – Standard & Poor’s said on Thursday that it may downgrade the U.S.’s AAA credit rating. The ratings agency says that Washington has a 50% chance of a credit rating cut. The S&P warning came a day after another ratings agency, Moody’s Investors Service, made [...]
Rejecting IMF loan, Egypt risks undermining economy
The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]
Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
Panetta declines to discuss policy at confirmation hearing
Leon Panetta, the nominee to be the next secretary of defense, ducked gentle questioning Thursday from the Senate Armed Services Committee about President Barack Obama’s plans to reduce U.S. troops in Afghanistan and to cut security spending by $400 billion over the next 12 years. View full post on All Stories
Regulators pressuring banks after Citi data breach
NEW YORK (Reuters) – Banking regulators are pressuring banks to improve their data security standards following large data breaches at banks including Citigroup Inc, a top U.S. regulator said on Thursday. View full post on All Stories
PIMCO head: Avoid Treasury bonds
PIMCO Founder Bill Gross, who heads the world’s largest bond investment firm, told financial advisers to keep their clients out of U.S. Treasury bonds and consider taking on a little more risk. View full post on All Stories
Blagojevich ends testimony at corruption retrial
Impeached Illinois Gov. Rod Blagojevich has finished testifying at his corruption retrial saying he never sought to sell or trade President Barack Obama’s vacated U.S. Senate seat. View full post on All Stories
U.S. throws weight behind Ban Ki-Moon for second UN term
Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – The United States on Tuesday officially endorsed the incumbent for a second term at the top position of the United Nation for a second term, according to Obama Administration officials. In a statement by the White House press office, President Barack Obama welcomed [...]
Golden Corridor Republican Women host a very special Dallas brunch with GOP U.S. Senate Candidates (VIDEO)
The Golden Corridor Republican Women recently hosted a brunch in which seven candidates running in the Republican Primary for U.S. Senate were given a chance to speak about why they are running and their individual platforms. The Senate candidates who attended, in the order of which they spoke, were Michael Williams, Elizabeth Ames Jones, Roger [...]
Hudson Police make arrest in Ayotte market burglary
HUDSON – Federal marshals arrested a Bay State man on Monday after police in Hudson charged him in a store break-in that saw tens of thousands of dollars in cigarettes disappear. U.S. Marshals tracked William McNeill, 46, of 231 Rosemont St., Haverhill, Mass., to Hampstead and found him hiding inside a house there on Monday, [...]

