WSJ: Could Warren Buffett Save Dow Chemical?

For Dow Chemical CEO Andrew Liveris, failure isn’t an option. Liveris has a tough juggle ahead of him to complete his company’s $15 ... last week and have Dow on credit watch for further downgrades. That means Liveris probably can’t pay ... or not. Liveris has said his priority is to preserve Dow’s investment-grade credit rating [more...]

Date: 2009-01-09 18:10:00

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Fed Chairman Uses Incompetent Ratings Firms for Bailout

“Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades ... .  So reports Bloomberg News. Before the financial crisis, we repeatedly warned in vain ... of the financial crisis.  “They’re outsourcing the credit assessment to a group of people whose recent [more...]

Date: 2008-12-18 18:40:19

Can Battery Technology Save GM?

The saga at GM continues. On Monday I spoke of GM's Ridiculous Bluff to raise prices on the 2009 line of autos ... cut GMAC's credit rating one level to six rankings below investment-grade last week as ResCap burns through cash after losing $5.3 billion in the past six quarters. Credit-default swap prices give [more...]

Date: 2008-06-25 14:48:55

A 90?s Flashback for Commercial Property

Angela Pruitt reports: Commercial property is bracing for a tough time that could morph into a crisis similar in scope to the free ... in history. But with the credit markets in lock-down mode, consumer confidence battered ... on investment-grade corporate debt,” Kirby said. “Those rates have gone up north of 9%. That’s bad news [more...]

Date: 2008-11-26 15:40:57

S&P gives Teck lowest investment grade rating, citing heavy debt load

Standard & Poor's has urged Teck to pay US$6 billion of debt by 2010 to improve the Vancouver-based miner's low credit rating. [more...]

Date: 2009-01-16 06:39:00

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