IBT Staff Reporter

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S&P downgrades Greece, says default likely

Greece on Monday became the country with the lowest credit rating in the world after Standard & Poor's downgraded it by three notches, saying the agency would consider a likely debt restructuring as a default.

Ex-Cop in Oakland Killing Caught on Video Set Free

In a racially charged case, white ex-police officer Johannes Mehserle, whose killing of a 22-year old unarmed black man on a train platform was caught on video from multiple cameras, was released from prison after 11 months.

Wall Street resumes slide

The Nasdaq and S&P 500 fell on Monday, resuming a recent downward trend, with semiconductor shares leading declines on the Nasdaq and oil prices dragging down energy shares.

Phone taps convict three more of insider trading

Three former securities traders were convicted on Monday on all counts of fraud and conspiracy to commit insider trading on pending mergers, in another victory for prosecutors in their probe of suspicious trading on Wall Street.

Workers at four Macy's stores OK right to strike

Workers at four Macy's Inc stores in the New York City area, including the flagship Manhattan location, voted on Monday to be able to call a strike if agreement on a new contract is not reached by late Wednesday.

Three NY ex-traders convicted on insider trading charges

Three former securities traders were convicted on Monday on all counts of fraud and conspiracy to commit insider trading on pending mergers, in another victory for prosecutors in their probe of suspicious trading on Wall Street.

Modern Etiquette: The pitfalls of social media

(Pamela Eyring is president and director of The Protocol School of Washington, which provides certified professional etiquette and protocol training. The opinions expressed are her own. PSOW's website is http://psow.edu)

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