IBT Staff Reporter

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S&P's Beers: It was our duty to downgrade the U.S

The top official behind Standard & Poor's historic decision on Friday to downgrade the United States' prized triple-A credit rating said it was his company's duty to make such a hard and controversial call.

Emma Stone: Some Unknown Facts (PHOTOS)

Emma Stone, the star of the upcoming ?The Amazing Spider-Man?, the actress of the ?Crazy, Stupid, Love?, released last Friday and "Friends With Benefits", is the rising queen of this summer who know how to keep the Red Carpet sizzling.

Kosovo Serbs Barricade Roads (Pictures)

Kosovo Serbs recently stopped NATO's KFOR peacekeeping force from proceeding until Kosovo agrees not to station its police and customs officers at the sensitive border post.

Some Goldman clients faced paperwork delays

Some Goldman Sachs Group Inc clients who pushed trades through its clearing division during the market rout on Thursday were unable to access information about their positions the following morning.

Political uncertainty key to U.S. credit downgrade

In its rationale for lowering the U.S. top level credit rating, Standard & Poor's cited a "prolonged" political fight to raise the debt ceiling and "containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues."

Marion Cotillard Could Be a Villain in The Dark Knight Rises

The ongoing film shooting happening in Pittsburgh have provided plenty of onset photos leaking online such as Batman's epic fist fight with Bane for The Dark Knight Rises. Other photos reveal an on screen beauty, Marion Cotillard, walking around in full costume.

With U.S. Credit Downgraded, S&P Warns of Further Drops

Credit rating agency Standard & Poor's has lowered the long-term U.S. credit rating to AA+ from AAA, saying that in its opinion, a recently passed deficit cutting plan by the U.S. government fell short of the goal of stabilizing the government's medium-term debt dynamics.

Groupon doubles users, will drop controversial metric

Groupon Inc, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said.

Exclusive: Groupon subscribers jump to 115 million

Groupon Inc subscribers have more than doubled to 115 million so far this year, a source with knowledge of the situation told Reuters, a positive sign for the daily deal site's much-anticipated 2011 IPO.

U.S. loses AAA credit rating from S&P

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.

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