According to Standard & Poor’s (S&P) Case-Shiller home price index, home prices are falling faster in the nation’s largest cities.

The index dropped 0.6% in September compared to August (some are reporting 0.7%), with 18 of the cities recording monthly price declines. The largest drop was reported in Cleveland, Ohio, which saw prices drop 3% compared to a month earlier. The only two cities where prices increased were Washington DC (thanks mainly to government spending) and Las Vegas (which has been battered in recent reports).

Continue reading Case-Shiller Index Data Shows Home Prices Are Falling

Case-Shiller Index Data Shows Home Prices Are Falling originally appeared on BloggingStocks on Tue, 30 Nov 2010 11:30:00 EST. Please see our terms for use of feeds.

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Wednesday morning, Standard & Poor's announced that it may cut AT&T's (T) credit rating because the company could have trouble reducing its debt load within a "reasonable timeframe."

The ratings house placed the communications firm on CreditWatch negative with implications, which includes the company's "A" rating and its "A-1" short-term and commercial paper ratings. S&P stated, that it expects "a potential downgrade of the corporate credit rating, if any, would be limited to one notch." This news has had very little impact on the stock, as shares of the titan of telecom were trading near break-even by late morning.

Continue reading Standard & Poor's May Downgrade AT&T

Standard & Poor's May Downgrade AT&T originally appeared on BloggingStocks on Wed, 28 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.