[AP] – Equifax has launched a credit reporting business in India, a joint venture involving six Indian financial institutions, the company said Thursday.
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Equifax launches credit reporting in India
Sen. Charles Schumer, D-N.Y., is worried that credit card issuers are making it too easy for consumers to get corporate cards, which are exempt from tougher new laws.
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Corporate cards for consumers?
[AP] – Moody’s Investors Service upgraded the credit rating of GateHouse Media Operating Inc., a publisher of community newspapers, by one notch on Tuesday, saying it’s unlikely to default in the next 12 months.
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Moody’s raises GateHouse credit rating, still low
[at MarketWatch] – Federal regulators won’t sue Moody’s Investors Service for alleged securities violations, letting the credit-rating agency off with a stern warning.
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SEC won’t sue Moody’s over credit-rating snafu
Creditors who won the bankruptcy auction for Philadelphia’s two largest newspapers are trying to settle the last unresolved union contracts before Tuesday’s scheduled close of the $139 million sale.
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New Philly newspaper owners seek union contracts (AP)
Finally, nearly two years after they were bailed about by Congress, big banks are beginning to ease lending standards for individuals and small businesses. But it’s not exactly having the reception many believed it would. Just when credit becomes more available, there’s little evidence of a surge in demand for it.
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Credit is finally available, but no one wants it
Dear Annie: I just read your column on job hunting with a flawed credit history (”Bad credit, no job?” July 2010). I have an even worse problem. About 14 years ago, when I was a junior in college, I made a totally idiotic error in judgment involving drugs
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After a drug conviction, can you ever get hired?
US credit-card losses are falling faster than expected, with the six largest card issuers expected to earn nearly $10bn more this year than predicted, says a study by Moody’s.
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Surprise slowdown in credit card losses (at Financial Times)
SPOKANE, Wash.—-Sterling Financial Corporation , the bank holding company of Sterling Savings Bank, today announced the successful completion of its previously announced $730 million transaction raising new capital from institutional, private equity and other accredited investors.
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Sterling Financial Corporation of Spokane, Wash., Completes $730 Million Recapitalization Effort (Business Wire)