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Nov. 7 (Bloomberg) -- Hungary had its foreign-credit rating cut one step to A3 by Moody's Investors Service, citing strains in the country's ability to service its debt. www.bloomberg.com
HARTFORD, Conn.----The Hartford Financial Services Group, Inc. today reported a third quarter 2008 net loss of $2.6 billion, or $8.74 per diluted share. The Hartford’s net income in the third quarter of 2007 was $851 million, or $2.68 per diluted share. biz.yahoo.com
Debt has always been a four-letter word, but has become an especially dirty one during this credit crunch. These days, folks with plenty of cash and no debt are cast as paragons of fiscal virtue, while those that ran up credit card bills are not. money.cnn.com
Global Recession Is Underway, Wachovia Says Trading Markets (press release), CA - 12 hours ago Although real GDP growth should turn positive again in the middle of 2009, the upturn likely will be sluggish as consumers continue to repair battered ... www.tradingmarkets.com