Standard & Poor's
How the major stock indexes fared on Friday
Mar 19, 2010 17:40 EDT
How the Dow Jones industrials and other major stock indexes fared in Friday's trading. Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery. The Dow Jones industrial average fell 37 points after advancing for eight straight days. Broader indexes also fell. Major indexes posted gains for the week.
Will US lose its triple-A ranking? Investors yawn
Mar 19, 2010 17:14 EDT
Blase about triple-A: Will US lose its top credit rating? Bigger worry: Investor indifference. It's the financial equivalent of a high medal count at the Olympics or a seat on the U.N. Security Council ? a triple-A credit rating, the seal of approval that lets investors know a country's bonds are safe.
Wal-Mart to slash grocery prices
Mar 19, 2010 17:07 EDT
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
Wal-Mart to slash grocery prices
Mar 19, 2010 17:07 EDT
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
Dow snaps eight-session streak as commodities weigh
Mar 19, 2010 16:38 EDT
NEW YORK (Reuters) - The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
Corrected: Dow gains on Boeing strength, S&P dips
Mar 19, 2010 11:09 EDT
Removes reference in 9th paragraph to FedEx being the largest package shipping company
Europe's bruised economies search for way forward
Mar 19, 2010 10:57 EDT
No quick fixes as Europe's debt-heavy fringe countries seek new sources of growth. The wreckage of Spain's economic growth model stands neatly aligned on the roads leading out of Madrid ? row after row of unsold houses, windows dark, for-sale signs out front.
China banks profit growth to speed up on stimulus exit
Mar 19, 2010 09:24 EDT
BEIJING/HONG KONG (Reuters) - China's leading banks will likely affirm their lending will remain brisk and be more profitable this year, their immediate capital needs have been met and that souring loans are at manageable levels.
Illinois high court yanks hospital's property tax break
Mar 18, 2010 15:38 EDT
CHICAGO (Reuters) - An Illinois hospital lost its property tax exemption on Thursday, ending a long-fought battle watched by nonprofit hospitals concerned about greater scrutiny of their charity care.
Barnes & Noble names new CEO in e-books push
Mar 18, 2010 14:34 EDT
CHICAGO (Reuters) - Barnes & Noble Inc promoted the executive who spearheaded the development and launch of its Nook electronic reader to be its new chief executive, as the largest specialty U.S. bookseller accelerates its push into digital books.
Barnes & Noble names new CEO in e-books push
Mar 18, 2010 10:20 EDT
CHICAGO (Reuters) - Barnes & Noble Inc promoted the executive who spearheaded the development and launch of its Nook electronic reader to be its new chief executive, as the largest specialty U.S. bookseller seeks to accelerate its push into digital books.
Fitch ups Ukraine's debt rating outlook
Mar 17, 2010 10:34 EDT
Fitch raises Ukraine's outlook from negative to stable after new government is formed. Fitch Ratings agency has revised Ukraine's sovereign debt outlook to stable from negative, meaning it is likely to upgrade its rating soon, because of reduced political risk after an election.
Merkel moots eurozone expulsion for fiscal sinners
Mar 17, 2010 09:11 EDT
The 16-nation eurozone must have the option of expelling a member from the club if a country persistently breaks its rules, German Chancellor Angela Merkel said Wednesday.
Fed's rate decision boosts Asian markets
Mar 17, 2010 06:11 EDT
A Bank of Japan move to double the cash available to lenders combined with the US Federal Reserve's announcement it would hold rates at a record low for some time boosted Asian stocks Wednesday.
Fed holds rates at record lows to foster recovery
Mar 16, 2010 17:52 EDT
Fed holds rates at record lows to foster recovery; view of economy slightly more upbeat. The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
EU backs Greece not to need last-resort rescue
Mar 16, 2010 17:08 EDT
Europe insisted Tuesday that a contingency plan to save Greece from bankruptcy with emergency loans was only prudent foresight and unlikely to be enacted, as Athens pushed for concrete details.
EU backs Greece not to need last-resort rescue
Mar 16, 2010 15:49 EDT
Europe insisted Tuesday that a contingency plan to save Greece from bankruptcy with emergency loans was only prudent foresight and unlikely to be enacted, as Athens pushed for concrete details.
Bad weather depresses housing starts in February
Mar 16, 2010 15:17 EDT
WASHINGTON (Reuters) - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger.
Bad weather depresses housing starts in February
Mar 16, 2010 15:17 EDT
WASHINGTON (Reuters) - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger.
Bad weather depresses housing starts in February
Mar 16, 2010 15:17 EDT
WASHINGTON (Reuters) - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger.