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  1. Standard & Poor's Ratings Service cut its credit ratings on General Motors Corp. (GM), financing arm GMAC LLC and its Residential Capital LLC unit into highly speculative territory, citing their substantial third-quarter net losses and GM's expanding ...
    online.wsj.com
  2. Standard & Poor's Ratings Services has announced it has raised its corporate credit rating on Harman International Industries Inc., to 'BB+' from 'BB-'.
    www.centredaily.com
  3. NEW YORK: Shares of Warren Buffett's Berkshire Hathaway Inc fell below US$100,000 (RM360,000) on Thursday for the first time since October 2006, after the company revealed large unrealized losses on derivative contracts tied to the stock market's performance.
    www.theedgedaily.com
  4. MADRID, Nov 2 (Reuters) - Bad debt levels in Spain will rise close to 9 percent of banks' loan books, Sabadell Chief Executive Jaime Guardiola said on Sunday, before adding that the Barcelona bank was alert to takeover opportunities. Guardiola told newspaper El Pais, in an interview published on Sunday, that bad debt could approach the 9 percent level touched in Spain's last recession in 1993. ...
    www.iii.co.uk


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