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Thursday, December 20, 2012

Financial news: 12/20/2012

Money News: Fitch warning of U.S. credit rating downgrade
NYT: Kodak patent sale falls short $2.075 bln at $525 mln
CNN Money: LIBOR scandal contributed to housing crisis
CNBC: Mortgage applications ↓ on 3 basis point rate rise
BI: Bad management due to 10 yr leadership training delay
DOL: Joblessness 12/15 ↑17 K to 361K; avrg ↓13.75K, 367.75K
Bloomberg: Interest rate rigging costs Fannie & Freddie $3 bln
AP: Oil prices ↑ 1.8% to $89.51/brl Wed. on lower supplies
Commerce Dept.: November housing starts ↓ 27K to 861K
Reuters: "Fiscal Cliff" talks ongoing as GOP plan in House
Fox: GM to buyback $5.5 bln in stock from U.S. by '14
BBC: Global disaster costs ↓ $160 bln to $140 bln per insurer
World Bank: Chinese "economy" forecast to grow 8.4% in '13

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