Moody’s Mulls GE Downgrade

By Bloomberg – Re-Blogged From Newsmax

General Electric Co.’s credit rating is at risk of a significant downgrade as the beleaguered manufacturer grapples with a deepening slump in its power-equipment business.

Moody’s Investors Service placed GE and its finance arm on review for downgrades that “may not be limited to one notch,” according to a statement Tuesday by the ratings company. Fitch on Monday put GE, which still has a significant financial business including a major aircraft lessor, on watch negative.

Apple Admits They Throttled #iPhones

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

While this isn’t our normal fare here, the Internet is abuzz today over the admission from Apple Inc. that they purposely slowed down older iPhones, and I have something VERY interesting to add. Business insider has this headline:

Apple confirmed a longtime conspiracy theory — and gave regular customers a big reason to distrust it

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Moody’s Slashes Hong Kong Rating After China Downgrade

Re-Blogged From http://www.newsmax.com
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Hong Kong saw its debt rating cut by Moody’s Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration.

The former British colony has seen not only its property and stock markets increasingly entwined with the world’s second-largest economy, but its government as well. Moody’s cut the rating on local- and foreign-currency issuances to Aa2 from Aa1, and changed the outlook to stable from negative.

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