Moody's cuts Turkey's credit rating to 'junk' after coup
By Ayla Jean Yackley | ISTANBUL, Sept 24 ISTANBUL, Sept 24 Ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy, in a move that could deter billions of dollars of investment.Turkey depends on investment flows to fund its current account deficit - one of the biggest in the G20 - and service its foreign debt. Ratings downgrades could force it to pay more to borrow money in internatio..>> view originalAirbnb Raises $555 Million In New Funding Led By Google Capital
Airbnb has raised $555 million during a funding round, documents filed with the Securities and Exchange Commission (SEC) show. In August, rumors surfaced about the company filing official documents with the State of Delaware, which revealed Airbnb's aim to attract more late-stage capital. The Form D filed on Sept. 23 backs the story, but insiders familiar with the matter are pointing out that Airbnb is far from closing the round. According to sources, the company might push the ceiling to a fig..>> view originalPuerto Rico Power Utility Restores Service
SAN JUAN, Puerto Rico รข€” Electricity was restored to most of Puerto Rico by Saturday following a rare, island-wide blackout caused by a power plant fire, the territory's power utility said Saturday. Less than 20,000 clients remained without power in some parts of San Juan and other urban areas."We have been operating under normal conditions since 2:30 a.m.," said Puerto Rico Electric Power Authority Executive Director Javier Quintana, noting that 60 hours had passed since power was knocked ou..>> view originalBehold the GOP's Not-So-Secret Plan to Dismantle Government Services: Defund, Degrade and then Privatize
Photo Credit: Wikimedia Commons One side effect of the three-ring circus this presidential campaign has become is the distraction it provides so that other damaging agendas can be advanced with little or no attention. Take for example, the Republican Party’s long-standing efforts to dismantle America’s internationally modest, but still crucially important welfare state, which helps keep tens of millions of Americans out of poverty. Social Security and Medicare have both been top targets via..>> view originalStudy finds 20M would lose health coverage under Trump plan
////[40342]//[35551212,37994391,32039209,39853536,38066755,37170792,35968787,41595699,41579088,41566223,35032217,41593358,41577333,33600113,41591955,29825561,41597760,41594662,23857689,41578997,10584568,41594634,41009905,35362748,41597197,36160949,33186310,22311312,24174943,41427355,38851875,27300248,41489912,41588408,41339448,34177571,8826902,37956704,37654997,41596610,38038534,19257589,26954624,41487777,41596261,35223774,31701047,20377032,38115337,28689023,38051340,34148531,35..>> view originalWhy Salesforce might be interested in Twitter
Rumors were flying all day yesterday that Twitter is up for sale, and Salesforce.com could be a chief suitor. At this point, with so many possible bidders being reported, it’s hard to know what’s going to happen (if anything). But the big question for many is why Salesforce would even be interested in the consumer-facing social network. While nobody could say with certainty that the deal would happen, most of the industry experts we spoke to believe that if Salesforce were to win this deal, Tw..>> view originalThe maker of EpiPen kept repeating one stat to Congress - Times Herald
The maker of EpiPen kept repeating one stat to Congress, and it's total nonsense On Wednesday Heather Bresch, the CEO of Mylan, the company that makes EpiPens, appeared before Congress to explain why her company raised the price of the lifesaving drug 500%, causing public outrage. On Wednesday Heather Bresch, the CEO of Mylan, the company that makes EpiPens, appeared before Congress to explain why her company raised the price of the lifesaving drug 500%, causing public outrage. Bresch was les..>> view originalGoldman to axe 30% of banking jobs in Asia
Goldman Sachs is cutting almost 30 per cent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. It will be left with slightly more than 200 bankers across Asia. Most of the job cuts are likely to take place in Hong Kong, Singapore..>> view originalMiami airport maintenance official charged in $5 million scheme
MIAMI (AP) – The director of terminal maintenance at Miami International Airport who was charged in a multimillion fraud case owned a Porsche, wore hand-tailored designer suits and rented sky boxes for concerts. Ivan Valdes, 46, started out cutting grass but was promoted in 2015 to a management job overseeing 100 people, where he is accused of hatching a scheme to skim $5 million from fraudulent light bulb purchases. He now faces a maximum 10-year prison sentence in a federal case and addition..>> view original
Sunday, September 25, 2016
Moody's cuts Turkey's credit rating to 'junk' after coup and other top stories.
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