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  • A trader works on the floor of the New York Stock Exchange.

    September is usually an ugly month for stocks. But a few stocks have lived through the dreaded month, USAToday reports.

  • CHICAGO, Aug 31- Chicago Mayor Rahm Emanuel will hold a rare public forum on Monday as he tries to build support for likely tax hikes and harsh cuts in public services to stem the city's growing financial crisis. "He's trying to get people to understand the magnitude of the problem, and to be willing to bear the pain that's inevitably coming," said Dick Simpson,...

  • Illinois must manage growing benefit costs -Moody's Monday, 31 Aug 2015 | 2:30 PM ET

    CHICAGO, Aug 31- Illinois' ability to manage growing retiree benefit costs will determine future action on the state's relatively low A3 credit rating, Moody's Investors Service said on Monday. "Given the state's ironclad protection of benefits for current workers and retirees, Illinois requires a long-term plan to ensure it can at least comply with statutory...

  • KUALA LUMPUR, Aug 27- Malaysia's rising political risks, weak prices for its commodity exports and China's economic slowdown raised potential doubts over the positive outlook for the country's credit rating, Moody's Investors Service said on Thursday. "Perhaps clouds are gathering on Malaysia's positive outlook," de Guzman told reporters.

  • TORONTO/ OTTAWA, Aug 25- Canadian banks are expected to begin feeling the impact of an extended downturn in the energy sector as they exercise caution with new and existing loans to companies and individuals. Investors will this week be poring over the balance sheets and bottom lines of the country's biggest lenders as they post third-quarter results, with Bank...

  • ATHENS, Greece— Greece's president asked the main opposition party Friday to try to form a new government, a day after Prime Minister Alexis Tsipras resigned and called an early election next month to deal with a governing party rebellion over Greece's third bailout deal. The opposition has few chances of uniting and forming a government, meaning that after...

  • BEIJING, Aug 21- A mini debt crisis in northern China is exposing cracks in a financial pillar of the country's economic revival plan: the $430 billion loan-guarantee industry. They exist to facilitate finance for smaller businesses- China's job-creators- but a crisis unfolding in northern Hebei province shows that their ability to meet those guarantees is in...

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras resigned Thursday and called early elections, hoping for a new, stronger mandate to implement a three-year bailout program that sparked a rebellion within his radical left party. The rescue was all that kept Greece from a disastrous exit from the euro but came with strict terms to cut spending and raise taxes—...

  • BRASILIA/ SAO PAULO, Aug 17- The Brazilian real is trading at or near fair value after losing one quarter of its worth since Jan. 1, economists said, suggesting a possible respite for one of the year's most battered currencies. But even Brazil's political crisis, one of the main drags on the currency this year, does not look as bad as it did a couple of weeks ago.

  • China leaves back door ajar in municipal bond market Sunday, 16 Aug 2015 | 5:00 PM ET

    SHANGHAI, Aug 17- China has been pushing local governments out of shadow banking and into the sunlight with a 2.6 trillion yuan bond program, all in the name of financial reform. Investors, though, seem to like it just fine in the shadows- and Beijing seems to be quietly encouraging them. "When they let LGFVs tap the bond markets and bank financing again, it was an...

  • SAO PAULO, Aug 11- Moody's Investors Service cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to investors and the government of President Dilma Rousseff. Moody's decision comes two weeks after competing ratings firm Standard& Poor's warned Brazil could lose...

  • Aug 11- Kansas' planned sale of $1 billion in pension obligation bonds will not do much to help the state solve problems in its poorly funded pension plans, according to a report released by Moody's Investors Service Tuesday. Debt service on the bonds is subject to annual appropriation, meaning that Kansas' legislature must decide each year whether to allot money...

  • Aug 11- Standard& Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp.. S&P analyst Laline Carvalho wrote that the agency may lower the rating by one or two notches within 90...

  • SAO PAULO, Aug 11- Moody's Investors Service cut Brazil's credit rating to near-junk status on Tuesday but assigned a stable outlook to the new rating, signaling that the country's coveted investment grade status is safe in the short term. Moody's decision comes two weeks after competing ratings firm Standard& Poor's warned Brazil could lose its investment...

  • Aug 7- Kansas will offer $1 billion of taxable pension bonds in the U.S. municipal market next week in a move that could make investors skittish given a recent default on some bonds in Puerto Rico and credit ratings downgrades in Chicago. Just this week, there was a default on Puerto Rico appropriation-backed bonds, while credit ratings on more than $3 billion of...

  • SAO PAULO, Aug 5- The board of Vale SA, the world's largest iron ore producer, on Wednesday approved plans to raise 1 billion reais from the sale of debt notes to expand the railway system at its Carajas ore mine. Credit ratings agency Moody's Investors Service rated the senior unsecured notes at Baa2, the second-lowest investment-grade ranking, with a "negative"...

  • Aug 5- A New York state judge dismissed a lawsuit by the liquidators of two Bear Sterns hedge funds accusing Moody's Investors Service, Standard& Poor's and Fitch Ratings of fraudulently inflating ratings of securities prior to the financial crisis. State Supreme Court Justice Anil Singh in Manhattan said on Tuesday that the lawsuit was filed a few weeks too...

  • CHICAGO, July 31- Budget deficits are projected to persist for Chicago as pension and debt costs gobble up more revenue, according to an annual financial analysis released by the city on Friday. If Illinois fails to enact legislation easing Chicago's payments to its public safety retirement systems, the deficit could be even higher. Chronic structural budget...

  • CHICAGO, July 29- Chicago Mayor Rahm Emanuel on Wednesday proposed more than $2.5 billion of bond sales even as the city faces big budget deficits and the possibility that its already-low credit ratings could fall further. Under ordinances proposed to the city council, Chicago would sell up to $2 billion of senior lien general airport revenue bonds with $1.7...

  • UPDATE 1-Michigan's rating raised to Aa1 by Moody's Friday, 24 Jul 2015 | 3:06 PM ET

    July 24- Moody's Investors Service on Friday upgraded Michigan's general obligation bond rating by one notch to Aa1 with a stable outlook from Aa2, citing a robustly growing economy and an improvement in the state's financial position. The credit rating agency said the higher rating also reflects Michigan's role in helping financially struggling local...