CARSON CITY, Nev. -- Cutting nearly $1.2 billion from the state's budget has helped Nevada keep its AA+ Standard & Poor's bond rating, according to Standard & Poor's system.
CARSON CITY, Nev. -- Cutting nearly $1.2 billion from the state's budget has helped Nevada keep its AA+ Standard & Poor's bond rating, according to Standard & Poor's system.
Some of the world's richest and most powerful hedge fund managers told U.S. lawmakers on Thursday that they support greater transparency for the secretive industry, but offered divergent views on whether the ...
Some of the world's richest and most powerful hedge fund managers told U.S. lawmakers on Thursday that they support greater transparency for the secretive industry, but offered divergent views on whether the ...
Asserting the global financial crisis is "not a failure of the free market," U.S. President George W. Bush on Thursday called on the world leaders meeting this weekend to agree on a modest set of reforms aimed ...
Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially ...
Chinese shares climbed Thursday, shrugging off losses on other Asian markets, as newly released details of Beijing's economic stimulus plan helped to boost construction and other stocks.
The benchmark Shanghai Composite Index jumped 3.68 percent, or 68.5 points, to close at 1927.61. The smaller Shenzhen Composite Index rose 4.15 percent to 522.58.
Investors were encouraged by announcements that Beijing will cut taxes on exporters, give its ministries an extra 100 billion yuan ($15 billion) to spend this year and boost investment by a major state utility company.
Some directors on the Citigroup Inc board are considering a move to replace chairman Win Bischoff as they are dissatisfied with the company's performance, the Wall Street Journal said, citing people familiar ...
Wall Street received more signs of a deep economic slump Thursday, as Wal-Mart Stores Inc. narrowed its full-year earnings guidance. The news sent stock index futures falling before the start of trading.
The nation's largest retail chain, seen as a harbinger of consumer spending, did report results that surpassed analysts' expectations, but it said it now expects its annual earnings to come in between $3.42 and $3.46 a share, compared to a previous forecast of $3.43 to $3.50.
Intel Corp. also had bad news for the market after the close of trading Wednesday, cutting more than $1 billion from its sales forecast and providing further evidence that technology companies are in for a beating because of the economy. The world's biggest maker of PC microprocessors blamed a clampdown on spending for reducing demand for its chips.
Oil prices slid to near $55 a barrel Thursday in Asia as more bad economic news from the U.S. heightened fears of a severe global downturn that will pulverize demand for crude.
Light, sweet crude for December delivery was down $1.08 to $55.08 a barrel, after falling to as low as $54.67, in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore.
'As the global economy continues to weaken, we're going to see further downward pressure on oil,' said Stephen Roach, chairman of Morgan Stanley Asia, in Singapore. 'I think we'll certainly challenge the $50 threshold. We could challenge the $40 threshold.'
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