April, 2010

Greece Debt Receives Junk Rating

Greece and debt are two terms that have been fatally joined of late. It's no surprise that Fitch has downgraded Greece's credit rating to the ignominious BBB- level, which is about as low as it can go. The European Union has promised that it will make an effort to help Greece with debt repair, ...

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Bankers Grilled By Lawmakers At Goldman Senate Hearing

Tuesday morning in New York, the Goldman Sachs Senate Hearing opened as Goldman executives squirmed under harsh questioning from lawmakers. The Goldman Senate Hearing is here to talk to seven current and previous Goldman executives about possible Goldman Sachs fraud in last year’s financial meltdown. The infamous Goldman personalities set to appear include head honcho ...

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Settlement For AstraZeneca Seroquel Reached

A settlement has reached with the Department of Justice over AstraZeneca Seroquel investigation and British pharmaceutical company. An anti psychotic medication, Seroquel, has come under fire for being marketed for unapproved purposes. The drug maker has agreed to pay the Department of Justice $ 520 million in restitution. It will hardly make them think about ...

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Boxing world shocked by Edwin Valero wife murder suicide

Edwin Valero, former WBA Super Featherweight Champ and WBC Lightweight Champ was detained on suspicion of murdering his wife on Sunday, April 18. He was found later hanging by his own clothes, having committed suicide. He was only 28. The southpaw was a legend within the making and had yet to be defeated. ...

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The Volcanic ash cloud might halt US BMW production

The recent volcanic activity of Eyjafjalajokull filled the skies around Iceland and Europe with a huge ash cloud that could halt production of BMW automobiles at the US company's factory in Spartanburg, South Carolina, reports AutoNews.com. If trans-Atlantic flights continue to be delayed for two additional days, says BMW spokesman Mathias Schmidt, the German automaker ...

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