Wall Street ends higher; Moody's warning hits futures (Reuters)
Posted: 13 Jul 2011 03:31 PM PDT
Reuters - Stocks stopped a three-day slide on Wednesday, but the market is likely to get hit in the coming session after Moody's said it could cut the United States' prized triple-A credit rating.Posted: 13 Jul 2011 03:39 PM PDT
Reuters - The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country's legal borrowing limit and the government misses debt payments, Moody's Investors Service warned on Wednesday.
Posted: 13 Jul 2011 06:47 PM PDT
Reuters - Rupert Murdoch withdrew his bid for broadcaster BSkyB on Wednesday, as outrage over alleged crimes at his newspapers galvanized a rare united front in parliament against a man long used to being courted by Britain's political elite.
Posted: 13 Jul 2011 04:31 PM PDT
Reuters - Morgan Stanley might lay off more workers than the few hundred underperforming financial advisers it previously said were at risk of being fired, according to Fox Business Network.Posted: 13 Jul 2011 02:55 PM PDT
Reuters - General Electric Co expects its manufacturing footprint in the United States to continue to grow this year on "tremendous demand" for core industrial products including gas turbines and jet engines.
Posted: 13 Jul 2011 09:46 AM PDT
AP - Hopes that the Federal Reserve could provide new economic stimulus gave stocks a much-needed boost Wednesday, a day after markets were shaken by fears Europe's debt crisis was spreading to large economies like Italy.Posted: 13 Jul 2011 04:39 PM PDT
Reuters - Moody's Investors Service jolted White House debt talks on Wednesday with a warning that the United States may lose its top credit rating in the coming weeks, piling pressure on Washington to lift its debt ceiling.Posted: 13 Jul 2011 04:04 PM PDT
AP - Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said Wednesday that strong sales overseas served up 10 percent growth in its second-quarter profit, even though its U.S. business continued to struggle.
Posted: 13 Jul 2011 12:15 PM PDT
The Motley Fool - I don't know what's gotten into the coffee sector, but investors seem to like it. Whether it's the caffeinated beverages or the rising price of coffee beans worldwide, investors are sipping up coffee stocks like they're going out of style -- and it's producing some sky-high valuations.
Posted: 13 Jul 2011 03:24 PM PDT
Reuters - A French writer who has accused former IMF head Dominique Strauss-Kahn of attempting to rape her in 2003 denied on Wednesday she had come under political pressure to go press charges.
Posted: 13 Jul 2011 02:29 AM PDT
AFP - British retailer Marks & Spencer said on Wednesday that sales climbed in the first quarter of its financial year, as the group was lifted by the royal wedding and the Easter holiday.Posted: 13 Jul 2011 12:57 PM PDT
AFP - Oil prices rallied on Wednesday after news of a steeper-than-expected drop in US crude inventories indicated that oil demand was still strong in the world's largest economy.Posted: 13 Jul 2011 02:05 PM PDT
AP - In office just six months, Gov. Rick Scott has kept his campaign promises and then some: cutting corporate taxes, reducing the size of government, drug testing welfare recipients, making government workers pay into their pensions, and privatizing Medicaid.Posted: 13 Jul 2011 03:00 PM PDT
Reuters - General Motors Co on Wednesday called comments made by Volkswagen AG's (VOWG_p.DE) chief executive about a possible sale of the U.S. automaker's Opel unit "regrettable."
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