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Wednesday, July 18, 2012

Financial news 07/18/2012

• CNN Money: Americans fail to repay $37 bln in 401(k) loans annually
• AOL: Tax on online purchases possible via "Marketplace Equity Act"
• CNBC: Intel CFO joins other executives in downward revenue guidance
• BI: Commodity prices to rise with new market demands, and population
• FRB: Investment and hiring at risk from "domestic fiscal uncertainty"
• IBD: Fed Chair Bernanke says QE3 a "radical" solution for "emergencies"
• AP: Recession likely if Congress fails to reach a budget crisis solution
• BBC: Federal Reserve Chairman says London interbank lending is flawed
• Moody's: Debt and deposit ratings of 10 Italian banks downgraded
• Bloomberg: Chinese unemployment to increase per premier

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