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Gold ETFs Lost Some Haven Flavor
At least part of the strong demand for gold ETFs from early in the year appears to be easing as credit-market concerns abate, inflation remains contained and investors look to capture profits.
Wall Street Journal

Goldman`s Quarter-Trillion-Dollar Cushion
Not at all the riverboat gambler, Goldman Sachs has fully hedged its book of credit default swaps, and then some.
Forbes

The Stock Market`s Coffee Craze
While Starbucks has staged a nice recovery, the real action has been in shares of smaller outfits such as Green Mountain, Caribou, and Diedrich. Credit the K-Cup
BusinessWeek

On the Call: Wynn Resorts Ltd. CEO Steve Wynn - SFGate: Business & Technology
The casino industry has seen revenue drop for more than a year, even before the global credit crunch put casino operators and many of their customers in a financial bind. To compensate, Wynn Resorts Ltd. has slashed rates on hotel rooms and meals to keep... Sponsored ...
NewsRack

Study finds lower earners use credit as safety net
Even before the recession hit full force, people who earn low and middle incomes were tapping credit cards to cover basic living expenses, medical costs and other necessities - and driving up their balances in the process.
The Philadelphia Inquirer

Homebuyer tax credit fraud
The IRS is on the lookout for taxpayers and tax preparers skirting eligibility rules when claiming the $8,000 tax credit. Here's what you need to know.
CNN

Credit unions: Where the credit flowed too freely
Long known as lenders to the little guy, credit unions jumped into high-risk loans. Now almost half of them are losing money.
Star Tribune

Ford Credit to Sell Bond
Ford Motor Credit will sell a three-year dollar benchmark bond, in a sign that analysts see as reflective of a stronger credit market for unsecured debt.
Wall Street Journal

Ratings Recap: Int`l. General, SALAMA
A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating (ICR) of "a-" of Bermuda-based International General Insurance Company Limited (IGI). Best ...
Insurancejournal.com

MasterCard earnings beat estimates, shares jump
NEW YORK (Reuters) - MasterCard Inc, the world's second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees charged to banks and cut expenses, sending its shares up 7 percent.
Market Watch

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Archived "business - credit crunch" news stories.

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