The greenback rallies due to slowdown outlook on other nations - Aug 11 The greenback continued to rally on Monday and surged to a five-and-a-half month high against the euro, amid by another day of dropping in crude oil prices and speculation that the slowdown blighting the U.S. economy was spreading worldwide. Mounting signs of economic difficulties in Europe, Asia an... 11 Aug 2008
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Fitch downgrades Tronox Worldwide Fitch Ratings said Monday it lowered four ratings for titanium dioxide producer Tronox Worldwide LLC, and also said the rating outlook remains negative. 11 Aug 2008
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United pilots want CEO to step down The union representing pilots at UAL Corp.'s United Airlines urged Chief Executive Glenn Tilton to resign Monday, accusing him of steering the nation's No. 2 carrier down a path to poor customer service, employee morale and financial performance. 11 Aug 2008
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S&P downgrades Building Materials on housing slump Standard & Poor's Rating Services cut its rating on Building Materials Holding Corp. on Monday, citing concerns that the housing downturn will continue to hurt demand at the building products maker. 11 Aug 2008
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Midday Glance: Chemicals companies Shares of some top chemicals companies are mixed at noon: Chemtura fell $.07 or 1.0 percent, to $6.62. 11 Aug 2008
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Avatar swings to 2Q loss amid housing downturn Avatar Holdings Inc. said Monday it swung to a second-quarter loss as high cancellation rates and a slumping housing market battered the homebuilder. The company reported a loss of $6.5 million, or 77 cents per share, during the quarter, compared with a profit of $5.3 million, or 55 cents per share, in the year-ago period. 11 Aug 2008
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Analyst downgrades Hertz citing rental weakness A JPMorgan analyst downgraded shares of Hertz Global Holdings Inc. on Monday, citing weakness in the car rental industry and the broader economic slowdown. 11 Aug 2008
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Analyst downgrades Cinemark Holdings' shares Cinemark Holdings Inc.'s stock was downgraded to "Hold" on Monday by an analyst who said the movie theater operator's shares have risen close to fair value over the past month. 11 Aug 2008
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Rape allegations force Afghan gov't crackdown Ali Khan braved death threats and public scorn to out the powerful men he accuses of gang-raping his 12-year-old niece. Now he says it is up to Afghanistan's president to prove he can prosecute her assailants and their warlord protectors in the country's north, where President Hamid Karzai's government holds little sway. 11 Aug 2008
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US dollar mixed, gold unchanged The U.S. dollar was mixed against other major currencies in European trading Monday. Gold was unchanged. The euro traded at $1.5001, down from $1.5013 late Friday in New York. 11 Aug 2008