Wild junk bond views pit S&P bear vs Moody's bull
Major credit rating companies hold diverging views on the state of the U.S. junk bond market in 2010. Read Full Article here.
Consumer mood at 4-month low
U.S. consumer confidence fell to its lowest in four months in August on worries over high unemployment and dismal personal finances, though the mood managed to improve from earlier this month, a survey showed on Friday. Read Full Article here.
Intel raises revenue outlook, shares rise
Intel Corp raised its outlook for third-quarter revenue on Friday, citing stronger-than-expected demand for its microprocessors and chipsets and offering the latest signal that demand for computers is on the upswing. Read Full Article here.
Cash-for-clunkers lifts consumer spending, incomes flat
U.S. consumer spending edged up in July, lifted by the government's cash-for-clunkers program that fueled demand for autos, offering hope a rise in consumption will help fuel an economic recovery. Read Full Article here.
German govt focused on Magna's Opel bid: report
German Chancellor Angela Merkel said her government is committed to its negotiating stance over carmaker Opel, which has strongly favored auto parts maker Magna's bid, a newspaper reported. Read Full Article here.
Big role urged for energy research in climate pact
Research into clean energy technology should get a leading role in new U.N. climate pact ahead of ever tougher curbs on greenhouse gas emissions, a study said on Friday. Read Full Article here.