Moodys said it was also extending the reviews of the long-term ratings and standalone credit assessments of Credit Suisse (CSGN.VX), Macquarie (MQG.AX), Nomura (8604.T) and UBS (UBSN.VX)(UBS.N). The announcement came shortly after Moodys said it was taking ratings action on 114 financial institutions in 16 European countries to reflect the impact of the continents debt [...]
Category Archives: Business Guide
BRUSSELS – Investors participating in a deal to slash Greece’s massive debt would face an overall loss on their bond holdings of more than 70 percent, a person involved in with the negotiations said early Tuesday. European leaders at a summit in Brussels said a final debt deal could be signed off in the coming [...]
Delta Dental of Virginia has been quietly building two new private, for-profit companies as it seeks to expand its reach beyond being Virginia’s largest provider of dental insurance. Both Roanoke Valley-based startup companies operate in the technology realm of the insurance business, with one providing real-time insurance claim processing and the other specializing in helping [...]
IBTraveler The attacks came just days after an unidentified hacker, proclaiming Palestinian sympathies, posted the details of thousands of Israeli credit card holders and other personal information on the Internet in a mass theft. Stock trading and El Al flights operated normally despite the disruption, which occurred as Israeli media reported that pro-Palestinian hackers had [...]
LONDON (Reuters) – European stocks rose but the euro stayed under pressure on Tuesday, with markets nervous about the outlook for the regions economy and banks, prospects for government debt sales and a slowdown in the export-focused Chinese economy. The Bank of France focused attention on the ailing euro zone by reporting growth had stalled [...]
New River Valley Harley-Davidson in Christiansburg has closed after three years in business. Loyd and Kathy Shiffer, who have sold motorcycles in the Roanoke Valley since 1982, opened the Christiansburg store in 2008. The Christiansburg store, at 2700 Roanoke St., closed Saturday and has merged with Roanoke Valley Harley-Davidson on Peters Creek Road in Roanoke, [...]