Archive for October, 2011

Bailout fund support may cause France to lose top credit rating

Vittorio Hernandez – AHN News Paris, France (AHN) – Moody’s Investors Service warned France on Monday that it may lose its top AAA credit rating because of Paris’s support for the bailout fund and the country’s weakened finances. The rating agency also hinted it may change France’s stable outlook to negative in the coming months, [...]

IBM plans to buy more mid-sized firms to expand software business

Vittorio Hernandez – AHN News Armonk, NY, United States (AHN) – International Business Machines Corp. is bent on retaining its hold as the number two most valuable company in the world by expanding its $22.5-billion software business. IBM Senior Vice President Steve Mills says the firm, which has sold its hardware business and shifted to [...]

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