Standard & Poor’s said on Friday that the top credit rating of Europe’s bailout fund, EFSF, depends on additional financial backing from Germany and the other three remaining AAA-rated euro zone countries.
Also known as European Financial Stability Facility, the fund has its AAA rating at risk after S&P stripped two of its guarantors, France and [...]
Posted in business 
Tags: AAA guarantors, AAA rating, bailout fund, credit rating, EFSF, euro zone 
No Comments »The Nikkei business daily has disclosed that Camera maker Canon Inc plans to meet its sales target of 5 trillion yen ($64.84 billion) in 2015 through diversification into medical equipment and movie cameras.
“The business plan assumes annualized growth of 7 percent, but we will be short of the 5 trillion yen target by about 300 [...]
If the U.S. Congress proves yet again it is too bitterly divided to deliver on its promise to reduce the gaping U.S. budget deficit, a brutal year for global investors may get even worse in this week.
A sharp, out-of-nowhere sell-off in U.S. markets recently was blamed in part on vague rumors that talks to trim [...]
Italy is hoping to end a disastrous week for itself, the euro zone’s third largest economy, and anxiously awaiting the reaction of financial markets Monday to the appointment of former European Commissioner Mario Monti to head a technocratic government.
The Parliament of Italy approved a package of economic reforms agreed with European leaders, Prime Minister Silvio [...]
Posted in business Tags: economic reforms, euro zone, financial markets, financial meltdown No Comments »Motorola has launched what it called an ‘impossibly thin’ Droid RAZR phone.
The Motorola phone comes with a stainless-steel core, a Gorilla Glass screen, and a nanotechnology Splash-guard that protects even the electrical boards inside.
From in.news.yahoo.com:
Motorola Mobility’s Indian-American president Sanjay Jha declared the 7.1mm-thick mobile device the world’s thinnest smartphone. Not only is it thinner than [...]
Traffic safety cones are more than cone-shaped markers that are used as traffic control products to avoid accidents and save precious life. In this piece of information, we will be accessing details on these collapsible traffic cones so that all of us are on the same knowledge platform.
Traffic safety cones (also known as colored traffic [...]
On hopes that European officials are tackling Greece’s debt woes, investors’ appetite for risk rose leading to an increase for global equities and fall for bond prices.
Stocks on Wall Street rose and European shares closed more than 1 percent higher amid concerns about Europe’s ability to address the crisis.
From in.finance.yahoo.com:
In a sign of progress, European [...]
Bank of America Corp (BofA) has announced it is cutting 30,000 jobs in the coming years as it looks to slash annual expenses by $5 billion.
The investors of BofA were disappointed in the scant new detail the bank provided about its plans.
From in.finance.yahoo.com:
The bank’s chief executive, Brian Moynihan, said Bank of America is focusing for [...]
Safety convex mirrors and domes could be more than just beneficial when it comes to creating and maintaining high standards of safety while driving and at the workplace. This is because these mirrors and domes offer crystal-clear view of things ahead so that accidents can be easily avoided. They are also useful in reducing distortion [...]
President Barack Obama will warn Americans about the failure to reach a political compromise in Congress to raise the debt ceiling that will do “incalculable damage” to the United States.
Obama would emphasize these dangers in a 9 p.m. EDT (0100 GMT) address to the nation, according to the White House.
From in.finance.yahoo.com:
Little more than a week [...]