Shopper's carry their purchases in Rome in 2010. Moody's ...
Jun 17th, 2011
(AFP) - Shopper's carry their purchases in Rome in 2010. Moody's Investors Service warned it may cut Italy's credit rating, citing growth risks in the economy, a large budget deficit and ongoing debt woes in Europe.(AFP/Andreas Solaro) -
By Phil Wahba and Jessica Wohl NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc . Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at le... [Full Article]
SITTWE, Myanmar (AP) - An overcrowded boat capsized while trying to escape a cyclone bearing down on Myanmar, tossing dozens of people into the sea. Eight bodies were found and more than 50 people were missing and feared dead, the United Nations said Tuesday. (Source: Associated Press)... [Full Article]
ROME (Reuters) - Thousands of people protested in Rome on Saturday against austerity policies and high unemployment, urging new Prime Minister Enrico Letta to focus on creating jobs to help pull the country out of recession. "We hope that this government will finally start listening to us because we are losing our patience," said Enzo Ber... [Full Article]
(Reuters) - Morgan Stanley and two ratings agencies have agreed to pay about $225 million to settle lawsuits claiming they concealed risks in two mortgage-related deals that collapsed during the financial crisis, the Wall Street Journal reported on Monday. The cost of the settlement will be shared equally among the investment bank and the two ratin... [Full Article]