(WASHINGTON)Legislation that would subject municipal bonds to the same ratings standards as those issued by corporations cleared a key House committee on Wednesday.READ MORE
(HARTFORD, Conn.)Connecticut sued three of the nation's leading credit rating firms Wednesday, alleging they gave artificially low credit ratings to cities and towns that ultimately cost taxpayers ...READ MORE
Among the earnings stories for Wednesday, July 30, from AP Financial News: PARIS (AP)--EADS, the parent company of planemaker Airbus, said Wednesday its profit surged in the second...READ MORE
Moody's Investors Service announced that it is initiating employee disciplinary proceedings after a review of its ratings process for European constant-proportion debt obligat...READ MORE
(NEW YORK)U.S. stocks fell for a second day, as oil prices surged past $132 a barrel after data showed a drop in crude supplies which boosted concerns that inflation will affect the rate at...READ MORE