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Junk Bonds Find Demand as Safe Harbor

In an unusual dislocation in the financial markets, investors are finding relative safety in some of the riskiest bonds around. Bonds issued by some of the nations most indebted companies are seeing strong demand from ...

Treasurys $50 Billion Bill Auctions to Go Ahead Monday

The US Treasury plans to hold auctions Monday for slightly more than $50 billion in 3- and 6-month bills, officials told primary dealers in New York Friday.

Advertising blitz seeks to sway US debt debate

WASHINGTON, July 29 (Reuters) - As US lawmakers scramble to clinch a debt-ceiling deal before a Tuesday deadline, interest groups are blitzing the airwaves to sway members of Congress still sitting on the fence.

Obama, auto leaders celebrate 54.5-mpg fuel-economy deal

President Barack Obama called a new agreement for 2017 to 2025 fuel economy standards “the single most important step weve ever taken as a nation to reduce our dependence on foreign oil.

CANADA FX DEBT-C$ skids on weak GDP data, US default fears

TORONTO, July 29 (Reuters) - The Canadian dollar tumbled against the greenback on Friday as the US debt default crisis and disappointing North American GDP data raised the specter that the economy could fall into recession.

Moodys likely to affirm U.S. rating, negative outlook

NEW YORK (Reuters) - Moodys Investors Service expects to maintain the United States top-notch rating for now, despite the limited magnitude of the deficit reduction plans being discussed in Washington.

Apple has more money than Uncle Sam

During these lonely nights of wondering what will happen to Americas vast indebtedness, I am sure that several of you have been wishing that Steve Jobs would sort out this mess.

Wall Street Week Ahead: Debt and data suggest more losses

NEW YORK (Reuters) - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the US debt ceiling and Washington remains paralyzed by political brinkmanship.

WORLD FOREX: Dollar Battered By Debt-Ceiling Impasse, Weak Data

NEW YORK (Dow Jones)--Weak US data and anxiety over a looming deadline to avert a fiscal crisis sent the dollar reeling Friday, with the greenback plunging to a record low against the Swiss franc as investors ...

Democrats pressure airlines to give back windfall

By Pablo Martinez Monsivais | AP Photo Transportation Secretary Ray LaHood pauses during daily news briefing at the White House in Washington, Thursday, July, 28, 2011.

Fortune Brands completes $1.23B sale of golf unit

AP , 07.29.11, 03:41 PM EDT Fortune Brands Inc. was one step closer to splitting itself up Friday after it completed the $1.23 billion sale of its golf business, which includes Titleist golf balls.

PRECIOUS METALS: US Debt Crisis Spurs Gold Record, Silver Gains

NEW YORK (Dow Jones)--Gold stood out as a beacon of safety as investors, anxious about an escalating US debt crisis and weaker-than-expected growth, pushed prices to a record on Friday.

Mexico: Almost 50 percent of population lives in poverty

By BNO News MEXICO CITY (BNO NEWS) -- Mexicos poverty rate jumped from 44.5 percent to 48.8 percent from 2008 to 2010, according to a report released on Friday by the National Political and Social Development Commission (Coneval).

New York Post told to hold documents

Employees of the New York Post, the US tabloid owned by News Corporation, were told on Friday to preserve any documents and information related to the unauthorised gathering of personal information or ...

Yahoo prays for your patience

Updating to report that the company involved in a possible initial public offering is Alipay. NEW YORK (MarketWatch) - How much do Yahoos stockholders love the topsy-turvy company, anyway?

Boeing 787 Dreamliner Showcased at EAA

Day 5 of EAA AirVenture was a day many aviation fans were waiting for. The Boeing 787 Dreamliner flew in to Wittman Regional Airport in Oshkosh for its first public showcase in North America.

On the Marines Wish List: A Pricey Jet Fighter

NAVAL AIR STATION PATUXENT RIVER, Md.—As Washington flirts with default, the US Marine Corps ferried journalists Friday to a Navy base in southern Maryland to view an exotic spectacle: the new Marine stealth jet, the F-35B Joint Strike ...

Commission Recommends New Agency To Site Nations Nuclear Waste Repository

The nation needs a new agency to site a federal nuclear waste dump. Thats the recommendation issued Friday by a presidential commission.
 
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