Changes in the way credit scores are calculated will help lenders more accurately predict borrowers who are likely to default, but also will ease credit for some consumers by raising their scores.

Total Protect 2009 Threat Level: Total Protect 2009, AKA TotalProtect2009, is more fake anti-spyware. Like other scamware, Total Protect 2009 pops up false security alerts to scare you into buying Total Protect 2009. Total Protect 2009 may have downloaded itself onto your computer through a Trojan, like Zlob, or a rogue security site. Total Protect 2009 can launch when you start up Windows, and Total Protect 2009 popups can be hard to get rid. If you already paid for Total Protect 2009, y

The inauguration arm of the Obama transition is organizing a "national day of service" on the Martin Luther King Jr. Day weekend -- itself established as a time to contribute a little something extra to the world around you -- and in it, they're building the architecture for a continuing service corps beyond inauguration weekend. The project echoes the campaign: the inspiration and equipment coming from the top, with the fleshing out of events and projects bubbling from the bottom up. People

NEW YORK, Dec 31 (Reuters) - Standard & Poor's on Wednesday cut its ratings on GMAC and its subsidiary, Residential Capital, to "selective default," citing a debt exchange that paid investors less than face value for their bonds. The debt exchange and recent approval of GMAC as a bank holding company will enhance the company's liquidity but also illustrate the gravity of its position, S&P said ...

Russian gas monopoly Gazprom said Wednesday it would stop supplying gas to Ukraine on Jan. 1 after the two parties failed to agree a new supply deal for 2009.

European shares closed broadly higher at the end of a dismal year for global markets, with banks and pharmaceuticals among the gainers. The U.K.'s FTSE edged up 0.9%. Several markets were closed.

UBS said it sold its entire 1.33% stake in Bank of China in a placement to institutional investors, after the lockup period for its holding expired.

by katie George Sometimes bad credit history like unpaid debt, default, arrears, bankruptcy, late payment comes as an obstacle in the way of getting a secured loan. But now a day there are many lenders who wants to offer secured loan by using borrower’s property as security against the loan, without checking their credit history. A secured loan requires your property such as home, car, bond or any other acceptable form as security against the loan. So bad credit borrowers who needs a large amo

Russia's Gazprom said Ukraine threatened to seize gas intended for European customers if no deal is reached on gas shipments to Ukraine starting Jan. 1.

Part III of the Washington Post series on AIG. Today’s version: Downgrades And Downfall. Here’s an excerpt: Once a small part of the firm’s business, the increasingly popular [credit-default swaps] contracts had helped boost the company’s profits to record levels. The company’s computer models continued to show only a minute chance that the firm would ever pay out a dime on the contracts, and it turned down deals that didn’t meet its standards. After their reviews, Cassano and his team would

The final chapter in the Washington Post's telling of the AIG saga is the most exciting--and the most frustrating. In the end, it is still not clear whether there was anything fundamentally wrong with AIG's portfolio. After all their research, and all of their writing, the reporters have failed to get to the bottom of the story. They end up saying, It seems that as Financial Products ramped up its credit-default swap business, its leaders assumed that its parent, AIG, would always be as stro

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