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S&P places XL Capital on watch for downgrade (AP) Credit ratings agency Standard & Poor's said Thursday it placed XL Capital Ltd. on a negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd. Bonds.com Announces Effectiveness of S-1 Registration Statement for Resale of Shares by Selling Stockholders (Business Wire) BOCA RATON, Fla.----Bonds.com Group, Inc. through its subsidiary Bonds.com, Inc., provider of an innovative comprehensive online trading platform providing execution, liquidity and competitive pricing to the fragmented fixed income marketplace, announced today that on July 3, 2008, the Securities and Exchange Commission declared effective the Company's registration statement on Form S-1 relating to resale of up to 16,969,550 shares of the Company's common stock, par value $0.0001 per share, by certain selling stockholders. World stocks fall on financial shares, oil drops (Reuters) World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares. Miss Texas Organization Announces Preliminary Competition Winners (PR Newswire) The Miss Texas Organization today announced the winners of the preliminary competitions for the Miss Texas Scholarship Pageant and Miss Teen Texas Pageant. Asia stocks slip as oil hovers near record (Reuters) Asian stocks slipped on Friday as record high crude oil prices threatened to jeopardize earnings and curb consumer spending, with the uncertain economic outlook following U.S. jobs data boosting safe-haven government bonds. Treasury bond market at a glance (AP) Key barometers in the Treasury market late Thursday compared with late Wednesday. The price changes in the 10-year note and 30-year bond are per $1,000 invested. Treasury prices mixed as rate hike seems uncertain (AP) Treasury bond prices were mixed Thursday after reports showed that the economy lost jobs for the sixth straight month and that the services sector contracted in June. Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action has Been Filed Against Fidelity Ultra-Short Bond Fund (PR Newswire) Bronstein, Gewirtz & Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of purchasers of the Fidelity Ultra-Short Bond Fund who purchased the fund between June 6, 2005 and June 5, 2008 . CPAs Remind Americans to Save Their Economic Stimulus Checks To Compound the Benefit (Business Wire) WASHINGTON----As $78 billion in economic stimulus checks pour into American pockets, the American Institute of Certified Public Accountants reminds taxpayers that saving the money will compound the benefit of the payments. Economy extends job loss streak (Reuters) U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and the country's vast service sector unexpectedly contracted, underscoring the economy's frailty. Moody's: States lacking budgets may affect ratings (AP) California, Illinois and Massachusetts have yet to adopt budgets for the fiscal year that began Tuesday, a situation that could potentially affect their debt ratings, according to Moody's Investors Service. Fitch Downgrades Marshall & Ilsley's Individual & Short-term Ratings; Rating Watch Negative (Business Wire) NEW YORK & CHICAGO----Fitch Ratings has downgraded the Individual rating and short-term Issuer Default Rating of Marshall & Ilsley Corporation and its subsidiary banks including M&I Marshall & Ilsley Bank to 'B' and 'F1', respectively. Fitch Announces Guidelines for Forward Purchase Agreement Providers (Business Wire) CHICAGO & NEW YORK----Fitch Ratings expands its Investment Provider Guidelines, to include Forward Purchase Agreement providers. FPAs are typically used to hedge reinvestment risk in debt service reserves, float funds and acquisition accounts. S&P places XL Capital on watch for downgrade (AP) Credit ratings agency Standard & Poor's said Thursday it placed XL Capital Ltd. on a negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd. Tribune enters $300M commercial paper facility (AP) Newspaper publisher Tribune Co. said Thursday it has signed a $300 million asset-backed commercial paper facility with Barclays Bank PLC. Delaware Investments Dividend and Income Fund, Inc. Announces Final Results of Tender Offer (PR Newswire) Delaware Investments Dividend and Income Fund, Inc. , a closed-end management investment company, today announced the final results of its tender offer for up to 522,939 shares of its common stock representing up to 5 percent of its issued and outstanding shares of common stock. Delaware Investments Global Dividend and Income Fund, Inc. Announces Final Results of Tender Offer (PR Newswire) Delaware Investments Global Dividend and Income Fund, Inc. , a closed-end management investment company, today announced the final results of its tender offer for up to 273,187 shares of its common stock representing up to 5 percent of its issued and outstanding shares of common stock. Bonds mixed on economic reports (CNNMoney.com) Bond prices were up and down Thursday after the government's June payroll report came in largely as expected, allaying some fears about the health of the economy, but a survey showing weakness in the service sector tempered gains. Fitch Rates Vermont Muni Bond Bank's $44MM 2008 Bonds 'AAA'; Outlook Stable (Business Wire) CHICAGO & NEW YORK----Fitch Ratings has assigned an 'AAA' rating to approximately $38 million Vermont Municipal Bond Bank 2008 series 1 bond, and approximately $5.5 million 2008 series 2 bonds issued under the bank's 1988 general bond resolution. Tribune Signs Asset-Backed Commercial Paper Facility (PR Newswire) Tribune Company announced today that it has signed a $300 million asset-backed commercial paper facility with Barclays Bank PLC.
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