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U.S. Stocks Climb to 5-Month High

The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
Mario Monti

Fitch Continues Warnings of Italy Downgrade, Catching Up to Competition

Fitch Ratings analysts continued their saber-rattling over Italy on Thursday, making remarks observers fear signal a coming downgrade of that country's sovereign credit rating. The comments carry an element of the ratings agency playing catch-up to its two main competitors: New York-based Moody's Investor's Services and Standard & Poor's. Fitch currently holds a rating of A+ on Italian government debt, a notch above the ratings assigned by those competitors
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NYSE-Deutsche Boerse Merger Hits Another Rock

European Union regulators have preliminarily rejected the proposed $17 billion tie-up of NYSE Euronext (NYX) and Deutsche Boerse (DBOEF), the Wall Street Journal reported, citing a senior European Union official.
A man walks past the headquarters of IBM Japan in Tokyo

IBM May Report Lower Backlog in Q4

International Business Machines Corp. (NYSE:IBM) may report lower backlogs for its fourth quarter, hurt by challenging business conditions at its software and systems units.
Advanced Micro Devices Inc. (NYSE: AMD)

AMD Could Guide Sequentially Lower Q1 Revenues

Chip maker Advanced Micro Devices, Inc. (NYSE:AMD) could guide its first quarter revenues to decline 4 percent to 8 percent sequentially when it reports its fourth-quarter results on Jan.19, according to a Wall Street analyst.

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