A rebound in Asian stocks ran out of steam Thursday as worries over the widening euro zone crisis and the faltering U.S. economy undermined investor confidence.
Ratings agency Standard & Poor's officials privately met with large bond investors weeks before the firm's U.S. debt downgrade, leaving some believing the chance of a rating downgrade was higher than they had previously thought, the Wall Street Journal said.
Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A+' on MultiCare Health System, Wash.'s outstanding debt, issued by Washington Health Care Facilities Authority.
Obama is under extreme pressure after the Bureau of Labor Statistics reported last Friday that the economy added zero jobs in August.
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Samsung's most anticipated Android-powered smartphone, Samsung Galaxy S2, will be available next month.
U.S. home prices dipped just 0.1 percent in June from May, according to Case-Shiller -- providing a ray of light that the U.S. housing market may be stabilizing.
Apple's tight-lipped approach toward its iPhone 5 release has fueled rumors on its release date and specs that will define the next step in the iPhone's evolution.
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U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.
Sprint will be among the few carriers to sell the upcoming iPhone 5.
Investors are agonizing over the prospect of another round of quantitative easing that could come from the Fed chairman Ben Bernanke’s Jackson Hole summit later this week.
Gold prices were falling steadily late Tuesday in electronic trading as investors took profit from recent gains and bought stocks in expectations that the Federal Reserve will intervene in the bond market to give the anemic U.S. economy a lift.
The earthquake in Virginia that shook the east coast and the approaching Hurricane Irene storm remind us that mother nature is the most poweful force of all.
HP creates a TouchPad buying frenzy, Libyan leader Moammar Gadhafi's whereabouts are still unknown, Hurricane Irene is headed to the United States, and more in today's Daily Scoop.
S&P couldn't take back its U.S. debt rating downgrade that rocked global financial markets. Once it was done, it was done. But now we know the agency embroiled in controversy for two weeks since its Aug. 5 downgrade was met with corporate regret. The ratings agency said Tuesday that Deven Sharma, S&P's president since 2007, will sept down. He will be succeeded on Sept. 12 by Citibank Chief Operating Officer Douglas Peterson. The move caps two weeks of controversy that has embroiled the com...
Those upset with the ratings agency Standard & Poor's after the company caused brief havoc in U.S. financial markets by downgrading America's debt rating exacted a measure of revenge Tuesday -- S&P announced its president is stepping down following two weeks of controversy.
The chief of Standard & Poor's will step down soon, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
The chief of Standard & Poor's will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
Shares of business development companies have plummeted during the stock market crash and currently trade at 80 percent of their net asset value.
The U.S. Justice Department is investigating the rating agency Standard & Poor's over its actions on mortgages leading up to the financial crisis, a source familiar with the matter said on Thursday.
The Dow Jones Industrial Average took a nose dive during Thursday trading, dropping more than four percent at times during trading. As the stock markets dropped across the board it raises the question -- at what level do circuit breakers cut in to stop a stock market from crashing?
