BUSINESS

Moody's Slashes Spain Debt Rating 3 Notches

Moody's
Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.
Gold Rises For 4th Day, Eyes Technical Resistance

Gold, Metals Rising in Anticipation of Monetary Stimulus

Precious and industrial metals have been moving higher over the past few sessions in spite of fundamentals, suggesting commodities traders are loading up on the physical assets in anticipation of seeing at least one of the world's major central banks turn on the money spigots later this month.
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Greek Pasta Sales Surge On Election, Grexit Fears

Greeks are stocking up on non-perishable staples like pasta on fears that Sunday's elections presage an end to the nation's euro zone participation and a return to the drachma, Reuters reported Wednesday.
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The Big Event: Greek election

Event risk is building for this weekend as the much-ballyhooed second round of Greek elections gets underway on Sunday.
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Didn't Spain Just Get a Bailout?

It seems that since the very beginning of the European debt crisis the half-life of announced bailout measures is steadily contracting
Michael Dell

Tech Dividends - Creeping Old Age Or Just Rewards?

After 28 years, Dell (Nasdaq: DELL), the No. 3 computer company, plans to pay shareholders a small dividend, 8 cents a quarter. Later this year, Apple (Nasdaq: AAPL), the world's most valuable technology company, will resume paying dividends after 17 years.
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Dimon Says JPMorgan's Actions 'Violated Common Sense'

JPMorgan Chase & Co (NYSE:JPM) Chairman Jamie Dimon floated unscathed through a hearing of the Senate Banking Committee meant to examine what happened inside his banking behemoth earlier in the year, when a massive bet on the credit-default swaps derivatives market reportedly meant to 'hedge' other bank risks went sour, resulting in multibillionaire losses.
JPMorgan

JPMorgan's Dimon: Good Intentions Behind Bad Trades

JPMorgan Chase & Co Chief Executive Jamie Dimon defended the intent of the portfolio behind the bank's recent multibillion-dollar trading loss, telling lawmakers it was a genuine hedge that would make the firm a lot of money if a credit crisis hit.
A drilling rig in the Eagle Ford Shale in South Texas

Natural Gas Industry To Create 1.5M Jobs By 2015: IHS

The U.S. natural gas industry will create 1.5 million jobs by 2015, in large part because of the surge in production from unconventional shale beds that require hydraulic fracturing, according to an IHS study released Wednesday.
Spray-On Tan Safety: Why Short-Term Beauty Is A Long-Term Risk

Spray-On Tan Safety: Why Short-Term Beauty Is A Long-Term Risk

According to a panel of medical experts, the active chemical in used in spray-on tans -- dihydroxyacetone (DHA) -- can potentially damage one's DNA and cause genetic alterations. The experts reviewed 10 of the most current, agreeing that while more studies need to be done, what they already know is enough to warrant a warning.
A Dell computer logo is seen on a laptop at Best Buy in Phoenix, Arizona

Dell Sets First Dividend: 8 Cents

Dell (Nasdaq: DELL), the No. 3 computer maker, announced its first quarterly dividend of 8 cents a share as a way to reduce some of its $17.2 billion cash pile.
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'Offsetting' Campaign To Save Forests To Be Announced At Rio+20

Five major corporations will join the emergency campaign to save the world's threatened forests by pledging to buy REDD multimillion dollar credits from projects protecting threatened forests around the world, the campaign announced Tuesday at the U.N. Conference on Sustainable Development, commonly known as Rio+20.

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