Friday, 21 October 2011

Moody's Just Made 16 More Huge Downgrades In Spain: Moody's Investors Service downgraded nine Spanish regions, two Basque provinces, and five government-related entities, a day after it downgraded Spanish sovereign debt.

Citigroup to Pay Millions to Close Fraud Complaint: Citigroup on Wednesday agreed to pay $285 million to settle a civil complaint by the Securities and Exchange Commission that it had defrauded investors

No more, BofA! Church divests $3M : San Jose churches, organizations and residents are divesting millions of dollars from big banks due to their unethical policies and practices.

A long, steep drop for Americans' standard of living: Not since at least 1960 has the US standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.

Americans paid more for gas and food last month: When they can least afford it, Americans are paying more to drive to work, if they have a job, or to feed their families, government data showed Wednesday.