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Bond Risk Rises to Record in Europe, Credit-Default Swaps Show (Bloomberg)
Nov. 20 (Bloomberg) -- The cost of protecting European corporate bonds from default rose to a record, according to traders of credit-default swaps.
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Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show (Bloomberg)
Nov. 20 (Bloomberg) -- The cost of protecting European corporate bonds from default rose, according to traders of credit-default swaps.
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Cybercrime as destructive as credit crisis: experts (Reuters via Yahoo! News)
Cybercrime is likely to wreak as much havoc as the credit crisis in the coming years if international regulation is not improved, some of the world's top crime experts said on Wednesday.
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China's Hu extends credit, donations to Cuba (AP via Yahoo! News)
Chinese President Hu Jintao left Cuba Wednesday after visiting a frail-looking Fidel Castro and promising at least $78 million in donations, credit and hurricane relief to China's communist ally.
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Texas board OKs giving high school athletes more credit (Dallas Morning News)
AUSTIN – In a state where football is king, students who pass, kick and tackle will soon be able to get more credit toward high school graduation.
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UK credit agency Experian 1H profit rises 15 pct (AP via Yahoo! News)
British credit agency Experian PLC said Wednesday its net profit rose 15 percent in the first half on strong growth in Latin America and a successful cost savings program.
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Chrysler credit rating could be cut (Detroit Free Press)
Fitch Ratings cautioned Wednesday that it might lower Chrysler's credit rating to a level that means default is probable, after the revelation that the automaker is quickly running out of money.
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Brown hints at more steps to get credit flowing (AP via Yahoo! News)
Prime Minister Gordon Brown said Wednesday that further measures may be needed to encourage banks to resume a normal flow of credit to small British businesses and homeowners.
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Credit Markets Fall to Records as Confidence in Economy Wanes (Bloomberg)
Nov. 19 (Bloomberg) -- Credit markets from commercial mortgages to junk bonds fell to record lows as concerns grew that the slowing economy would overwhelm government efforts to stem the worst financial crisis since the Great Depression.
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SEC delays action on credit rating agency rules (Reuters via Yahoo! News)
U.S. securities regulators on Wednesday delayed action on adopting stricter rules to rein in the credit rating agencies until December 3.
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