Moody’s may downgrade 114 banks from 16 European nations (Reuters)

Wednesday, February 15th, 2012

"Moody's expects that once ratings will fully reflect the effects of currently foreseen adverse credit drivers," the agency said. Moody's said that for 99 financial institutions, the standalone credit assessments have been placed on review for downgrade. For 109 institutions, the long-term debt and deposit ratings have been placed on ...

Assembly Speaker Sheldon Silver proposes boosting minimum wage to $8.50

Sunday, February 5th, 2012

Assembly Speaker Sheldon Silver proposes boosting minimum wage to $8.50 ALBANY, N.Y. (AP) The top Democrat in New Yorks Legislature began pushing legislation Monday to boost the states minimum wage from $7.25 to $8.50 an hour and then link future increases to the inflation rate. ...

Yukon-Nevada Gold Corp’s quarterly loss narrowed as it gained from warrants

Friday, January 27th, 2012

Yukon-Nevada Gold Corp said its quarterly loss narrowed as it gained from warrants. The company, which recorded an $8.5 million gain in warrants recorded as derivative liabilities, narrowed its third-quarter net loss to $18 million from $103.8 million a year ago. The company which owns silver, gold, zinc and ...

$25 billion mortgage settlement in works

Thursday, January 19th, 2012

The five banks— Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial, all major mortgage lenders in Georgia — and the state attorneys general could adopt the agreement within weeks, the Associated Press reported Monday, citing unnamed government officials briefed on the discussions. The agreement could change mortgage ...

24 million customer accounts hacked at Amazon’s Zappos (Reuters)

Tuesday, January 17th, 2012

The popular retailer, which is owned by Amazon.com, said customers' names, email addresses, billing and shipping addresses, phone numbers and the last four digits of credit cards numbers and scrambled passwords were stolen. But it said the hackers had not been able to access servers that held customers critical credit ...