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The winner of Bulgaria's election
said on Friday he wanted to form a majority government, shifting
tactics after last weekend's vote produced a fractured result
threatening his chances of becoming prime minister again.Boiko Borisov, who led Bulgaria from 2009 to 2013, had
initially said he was ready to head a minority government after
his centre-right GERB party won about a third of the vote on
Sunday but fell 37 seats short of a majority.

(The following statement was released by the rating agency)
NEW YORK, November 10 (Fitch) Fitch Ratings has assigned a
rating of 'BBB-' to
the $750 million in preferred stock issued by American Express
Company (AXP,
rated 'A+/F1' by Fitch). This preferred issuance represents
approximately 1% of
AXP's total risk-weighted assets at Sept. 30, 2014.
AXP had previously stated that it would issue preferred shares
for Basel III
capital planning purposes. More specifically, the new Tier 1
ratio requirement
under Basel III is 150 basis points higher than the current
common equity Tier 1
ratio and regulators have started using the new minimums to
assess capital
adequacy in the CCAR process.
Fitch believes AXP's strategy is consistent with other large
financial
institutions which have included preferred stock in their
non-common Tier 1
capital structures.
KEY RATING DRIVERS - Preferred Shares
AXP's preferred stock rating is five notches below the entity's
Viability Rating
(VR) of 'a+' in accordance with Fitch's assessment of each
instrument's
respective non-performance and relative loss severity risk
profile. The
preferred stock rating includes two notches for loss severity
given these
securities deep subordination in the capital structure, and
three notches for
non-performance given that the coupon of the securities is
non-cumulative and
fully discretionary.
Fitch has accorded these preferred securities equity credit of
50%, which is in
line with its methodology in assessing and rating bank
subordinated and hybrid
securities.
RATING SENSITIVITIES - Preferred Shares
The preferred stock ratings are directly linked to AXP's VR and
would move in
tandem with any changes in AXP's credit profile.
Contact:
Primary Analyst
Brendan Sheehy
Director
+1-212-908-9138
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
Secondary Analyst
Meghan Neenan, CFA
Senior Director
+1-212-908-9121
Committee Chairperson
Nathan Flanders
Managing Director
+1-212-908-0827
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549,
Email:
brian.bertsch@fitchratings.com.
Additional information is available on www.fitchratings.com.
Applicable Criteria and Related Research:
--'Assessing and Rating Bank Subordinated and Hybrid Securities
Criteria'
(January 2014)
--'Global Financial Institutions Rating Criteria' (January
2014);
--'Finance and Leasing Companies Criteria' (December 2012);
--'U.S. Bank HoldCos & OpCos: Evolving Risk Profiles' (March
2014);
--'FinCo Deposit Sensitivity to Rising Rates' (January 2014);
--'Nonbank Financial Institution Interest Rate Sensitivity'
(January 2014);
--'3Q13 U.S. Bank Capital Ratios' (December 2013);
--'2014 Outlook: U.S. Finance and Leasing Companies' (November
2013);
--'Fitch Fundamentals Index - U.S.' (October 2013).
Applicable Criteria and Related Research:
Fitch Fundamentals Index - U.S. (3Q14)
here
2014 Outlook: U.S. Finance and Leasing Companies (Strong
Fundamentals, But
Sector Headwinds Persist)
here
3Q13 U.S. Bank Capital Ratios
here
Nonbank Financial Institution Interest Rate Sensitivity
here
FinCo Deposit Sensitivity to Rising Rates
here
Finance and Leasing Companies Criteria
here
Assessing and Rating Bank Subordinated and Hybrid Securities
Criteria
here
U.S. Bank HoldCos & OpCos: Evolving Risk Profiles
here
Additional Disclosure
Solicitation Status
here
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS
LINK:
here. IN ADDITION,
RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE
ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS,
CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S
CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE
FIREWALL, COMPLIANCE
AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE
FROM THE 'CODE OF
CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER
PERMISSIBLE
SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES.
DETAILS OF THIS
SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN
EU-REGISTERED
ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH
WEBSITE.

Duff & Phelps Select Energy MLP Fund Inc. Declares First Quarterly Distribution of $0.315 per Share
PR Newswire

Autohome Announces Resignation of Non-Executive Director of the Board
PR Newswire

A 60-year-old American was
killed by a camel which escaped from its pen and attacked him at
a wildlife center he owned in the Mexican beach resort of Tulum,
local emergency services said on Tuesday.

By Ian Campbell
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.House price bubbles thrust economies forward and crush them when they burst. The International Monetary Fund has now raised the prospect of a global housing bubble that could potentially destabilise the world economy. The risk is credible, but the IMF is sadly too coy about the root cause of the problem – ultra-loose U.S. monetary policy.It is tempting to regard housing as a purely regional asset. The reality is that it shows the characteristics of other asset classes like equities and bonds in responding to extreme post-crisis central bank policy. True, the IMF’s global property price index shows an annual price rise of a less-than-alarming 3.1 percent in the fourth quarter of 2013. But in some countries, values are increasing rapidly. Emerging economies tend to lead, with the Philippines and Hong Kong showing 10 percent-plus annual gains, and New Zealand, China and Brazil not far behind. The United States, with a 6.6 percent increase, is on the shoulder of the leading group.There are red flags in developed countries. The house price-to-rent ratio is more than 50 percent above the historical norm in Canada, New Zealand, Norway and Belgium. The house price-to-average-income ratio is more than a quarter above the historical average in the UK, France, New Zealand and Australia, and almost 50 percent above normal in Belgium. It is obvious that very low interest rates and cheap mortgages are making property affordable with house prices unsustainably high, which spells trouble when interest rates move higher.Poor supply of housing is clearly a factor. Construction has not recovered from the financial crisis. Housing starts in Belgium, France and the UK in 2012 were running 25-40 percent down on their pre-crisis level. In every year since 2008, annual U.S. private housing starts have been lower than in any previous year since 1959.

U.S. President Barack Obama's administration is dispatching senior intelligence officials and Secretary of State John Kerry to brief members of Congress and staff about the Islamic State militant group in the coming weeks, congressional aides said on Thursday.
Kerry will testify to members of the House of Representatives Foreign Affairs Committee during the week of Sept. 15, an aide said.And officials from the Office of the Director of National Intelligence and the National Counterterrorism Center will brief congressional staff on Friday, before Congress returns on Monday from its August recess.Some lawmakers have contended that Obama should seek congressional authorization for airstrikes in Iraq against the Sunni militants. However, it is not clear whether such a vote would take place this month or whether he needs Congress to approve the limited actions already under way.The rise of the Islamic State is expected to be an issue in campaigning for the Nov. 4 congressional elections.House Majority Leader Kevin McCarthy said in a memo to fellow Republicans on Thursday that the Obama administration had been "too passive" in allowing militants to gain strength.

Booms of outgoing artillery
shaking the ground, militia fighters from the remote Libyan
mountain town of Zintan hunker down in the passenger terminal to
defend Tripoli airport, the biggest prize in the capital.Across the city a few kilometres away, a commander of a
brigade from the port city of Misrata rallies his men to take
the airport back.

ALISO VIEJO, Calif., Nov. 4, 2014 (GLOBE NEWSWIRE) -- Alternative Technology Solutions, the leading ERP and CRM solution and service provider that brings the best of the cloud to manufacturers, today announced it completed its third and most successful Dreamforce presence.
"As always, Dreamforce was larger than life and it was great to be part of an event designed to motivate and inspire customers to do great things with their businesses," said Vivian Keena, Alternative CEO. Salesforce's annual user conference, which boasted over 140,000 registered attendees for 2014's event, was its largest to date.
In the Manufacturing Industry Showcase within Dreamforce, Alternative highlighted its manufacturing background, Salesforce expertise, and solutions built specifically for manufacturers. "Last year at Dreamforce, we launched our iQ Configure, Price, Quote application for manufacturers and distributors looking to seamlessly create configured and custom quotes in Salesforce," said Keena. "With several major releases under our belt since then, Dreamforce14 provided a great opportunity to show how iQ continues to set the pace for CPQ applications for manufacturers."
At its third annual Manufacturing Mixer, Alternative's social and networking event exclusively for manufacturers and distributors attending Dreamforce, attendees were able to network and learn about how they could further optimize their use of the Salesforce platform. Alternative's Salesforce experts were on hand to answer questions and demonstrate solutions to common problems including meeting complex quoting needs, integrating Salesforce to other systems including ERP and e-commerce, and implementing the latest Salesforce technology such as the Salesforce1 Community Cloud.

Enbridge Income Fund Holdings Inc. Announces Monthly Dividend

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