Moody ‘s Investors Service cut Stockton pension obligation debt Caa3 from B3 and its lease revenue debt Caa3 from Caa1.Stockton was ill-prepared for the real estate market was collapsing. City officials say Stockton Finance over two decades of mismanagement, with too much borrowing in good times and generous pay and sustainable benefits to city employees and retirees idaho financial troubles solution . – S & P said there was the lease revenue bonds and participation certificates negative outlook because it could lower their ratings next year as debt service reserves, guarantees and limited funds are exhausted and / or otherwise not pay bondholders. .
Thus to Head Off Global Banking Crisestry Global regulators, each repeat of the international credit crisis, on Sunday agreed banks banks than triple than triple the amount of top – quality capital they must hold in reserve. – The Basel III reforms, the banks require high-value assets that are considered core Tier 1 capital consisting of equity or retained earnings is known to keep , in the amount of at least 4.5 % of their risk-weighted assets. That’s only 2 % under current rules. – In addition banks have to build a new, separate capital conservation buffer consisting of common stock, the buffer in value of 2.5 % of the assets will be. Thus the entire top – quality capital requirement is to bring to 7 %. Agreement was reached at a meeting of central bank governors and top supervisors from 27 countries chaired by European Central Bank President Jean-Claude Trichet. Continue reading
No matter how it may be awful in the next quarter. And it’s always a disturbing pattern.I’m not here selling panic. The calls in my synthetic long position will expire worthless while the places are expensive shares in a few weeks. So that surefire value play has backfired. I give management another quarter to send me some traction with the new BSI-2 chips, but I might resort to a falling knife here.
Years of close inspection convinced me that OmniVision to ensure the technology leadership, until at least 2015 and possibly even 2013. Only then could Sony , Panasonic and other rivals hope to catch up to the efficiency of production of the company backside illumination sensors.. Well, that’s nice. But at the same time, Sony’s stuff is obviously good enough and cheap enough to OmniVision BSI acclaimed chips replace today. Sharp just introduced another high-end solution BSI designed ultra – slim smartphones. Continue reading