Ratings agency Moody's said on Tuesday it could downgrade the subordinated debt of 87 banks across 15 European Union nations on concerns that governments would be too cash-strapped to bail out holders of riskier bank debt in times of stress.
Fitch Ratings gave the United States until 2013 to come up with a credible plan to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating.
One glance at the numbers for the first big weekend of holiday shopping and you might think Americans are flush with cash and spending it freely.
Fitch Ratings on Monday revised to negative the outlook on the United States' AAA credit rating after a Congress committee failed last week to agree on at least $1.2 trillion in deficit-reduction measures.
Shares of Onyx Pharmaceuticals Inc (ONXX.O), known for its liver cancer drug Nexavar, jumped more than 20 percent on Monday, after Bloomberg reported the company was exploring options, including a possible sale.
Activision Blizzard Chief Executive Bobby Kotick told Reuters that stores may face a shortage of its new children's game this holiday season and tried to cast doubt on a rival's upcoming game that analysts say could eat into Activision's user base.
The Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co (KKR.N), according to court papers regarding an investor settlement over the transaction.
Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.
U.S. regulators and law enforcement believe a bankruptcy trustee has overestimated the amount of customer funds missing at MF Global, according to sources familiar with the matter.
A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.
News that the world's top foreign exchange broker has been testing its trading system against a possible euro collapse conjures a host of images and ideas for currency traders and investors, not all of them bad.
Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.
Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.
People looking for Activision Blizzard's new children's game Skylanders this holiday season may be out of luck after the game sold better than expected, the video game maker's top executive said on Monday.
Amazon.com Inc said on Monday it saw a surge in sales of its Kindle devices, helped by its new Kindle Fire tablet, on the crucial Black Friday shopping day after Thanksgiving.
Nestle will partner with the Fair Labor Association to investigate whether children are working on cocoa farms which supply its factories in Ivory Coast, it said in a statement on Monday.
Several companies in the money market fund industry, which has waived several billion dollars of fees over the past two years, are primed to recapture lost revenue from investors at a future date.
Stocks jumped on Monday as optimism grew that European leaders would come up with a new plan to resolve the region's debt crisis and following a strong start to the U.S. holiday shopping season.
After a blockbuster performance over the long Thanksgiving weekend, risk-taking retailers such as Macy's Inc and Amazon.com Inc were rewarded with big gains in their shares, while chains that are still tinkering with their strategies reaped smaller rewards.
Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.
(For other news from the Reuters Global Media Summit, click on http://www.reuters.com/summit/GlobalMedia11?pid=500)
Sales of new homes rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector.
A German regional court has opened the door to an investor law suit against credit rating agency Standard & Poor's over its assessment of Lehman Brothers securities before the collapse of the U.S. investment bank.
Stocks surged about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.
Defections from Morgan Keegan are slowly hollowing out the $1.5 billion brokerage, which has recruited almost no experienced hires to fill the gaps left by advisers who have left since June.
A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top U.S. market regulator over the sale of toxic mortgage debt and ordered a trial.
Stocks surged about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.
New single-family home sales rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector.
Stocks jumped about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.
Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.
