(The following statement was released by the rating agency) The number of global fallen angels is 15 so far in 2012 (through May 8)--four more than our previous report, said an article published today by Standard & Poor's Global Fixed Income... [Full Article]
(Reuters) - J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapp... [Full Article]
NEW YORK (Reuters) - Crude oil futures tumbled on Wednesday, pressured along with U.S. equities as banking troubles in Greece sparked risk aversion across markets worried about euro zone debt. The European Central Bank confirmed a Reuters report that... [Full Article]
NEW YORK (Reuters) - U.S. stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece's future as a member of the euro zone. Early U.S. gains were erased after ... [Full Article]
An already dreary May got a little worse for financial markets Wednesday as Greece's political chaos dragged on. The euro fell to its lowest point since January as investor confidence in Europe's shared currency weakened further. (Source: A... [Full Article]
The London Metal exchange has rejected a takeover bid by transatlantic exchange operator NYSE Euronext, a source close to the matter told AFP Wednesday. (Source: AFP)... [Full Article]
Stocks are opening higher on Wall Street on new signs that the long-suffering U.S. housing market may be recovering. (Source: Associated Press)... [Full Article]
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