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Friday, June 22, 2012

Financial News 06/22/2012

CNBC: Large U.S. corporations earnings decline; worst results in 10 yrs
IBD: After mortgage modification 59% of homeowners re-entered default 
AOL: Insurers that failed to reinvest profits to issue $1 billion in rebates
BBC: Physicist/Doctor proves U.S. healthcare is up to 50% inefficient
CNN Money: Goldman Sachs issues sell recommendation on S&P 500 
Business Insider: Majority of wealthy did little to gain wealth themselves  
Moody's: Debt ratings of 15 banks with global capital exposure downgraded
Philly Fed: Manufacturing businesses index of -16.6  indicates slowdown
AP: EU unsure how to pay for bank bailouts & debate transaction tax
Bloomberg: Executive confidence of 7,000 German businesses lower
Reuters: Italian and Spanish 10-yr bonds up to 5.83% & 6.66% after respite

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