Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a ... Read More
S&P has downgraded Greece‘s credit rating from CCC to CCC-, and says there is a 50 per cent chance it will leave the Euro. It made the change because ... Read More
Deutsche Bank, RBS, Barclays are among the banks being downgraded Standard & Poor’s Ratings Services cut its credit ratings on several European commercial banks on Tuesday, saying it considers ... Read More
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in ... Read More
Apple Inc. (NASD:AAPL) will replace AT&T Inc. (NYSE:T) in the Dow Jones Industrial Average (DJIA) after the close of trading on Wednesday, March 18. The change will be effective ... Read More
Ratings agency S&P has cut Russia’s sovereign credit rating to junk status, bringing it below investment grade for the first time in a decade. Warning of difficult times ahead ... Read More
Twitter Inc. ’s debt was rated as junk on Thursday by Standard & Poor’s Ratings Services, a sobering grade that comes a day after executives of the social media service ... Read More
On legal news, Timothy Geithner, former U.S. Treasury Secretary, must give Standard & Poor’s documents, basically unedited versions, he used when writing his best-selling memoir, a ruling that could ... Read More
Everyone can use a good goal to shoot for. And there’s nothing wrong with shooting for the moon. But some Wall Street analysts are giving stocks lofty targets that ... Read More
Standard & Poor’s Ratings Services decided to settle a pending lawsuit with the U.S. Department of Justice (DOJ) and is open to paying about $1 billion to settle it, ... Read More
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