Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are among a group of 37 large financial institutions that were downgraded today by Standard & Poor's, according to Bloomberg News. The downgrades were somewhat expected, as S&P had announced earlier in the year it would be revising its methodology for rating banks in order to give more weight to those institutions' capital ratios.
An American Airlines pension plan default in bankruptcy would be the largest in U.S. history as its accounts are underfunded by $10 billion, government pension insurers estimated on Tuesday.
In a speech at St. Anselm College in Manchester, N.H., on Tuesday, Rick Perry seemed to mix up the voting and drinking ages -- not to mention the date of the coming election. It was a slip of the tongue, not a substantive gaffe -- nobody really thinks Perry doesn't know the voting age -- but it was one of many YouTube-worthy moments of the Republican primary race.
Nintendo sold more Wiiconsoles on Black Friday than ever before, thanks to deep discounts by the national chain Wal-Mart.
In a speech at Saint Anselm College in New Hampshire, Perry encouraged college students Tuesday to vote for him, but only if they are 21 by Nov. 12 of next year. Unfortunately for the Texas governor, the voting age in the United States is 18 and election day is Nov. 6.
Cyber Monday online sales set a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday.
Google Maps has been helping people find the nearest train station or Starbucks for several years. Now, it can help you find the nearest restroom at an airport or the men's department at Macy's.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
Boeing could be at a disadvantage to rival Airbus as the bankruptcy of American Airlines places up to $40 billion of jet orders at the mercy of a bankruptcy court, lawyers and bankruptcy experts said on Tuesday.
Lobsters, lakes, and lighthouses make a trip to the Pine Tree State a must, no matter the season.
Vice President Joe Biden made a surprise visit to Iraq on Tuesday as U.S. troops prepare for a complete withdrawal from the country.
American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.
Herman Cain, facing new accusations of a 13-year affair, is reassessing whether to stay in the race for the Republican presidential nomination. With growing evidence against him, can Cain salvage his campaign?
The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess.
The four AAA-rated U.S. insurance companies will not be placed on negative outlook, even though the U.S. sovereign outlook has been cut to negative, Fitch Ratings said on Tuesday.
Mercer released the results of its Quality of Living Survey on Tuesday, and the world's best and worst cities are...
Cyber Monday online sales jumped to a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday.
One decade ago, the quiet Beatle died at age 58 from lung cancer. Relive Harrison's musical legacy through this collection of his ten best songs, including such classics as Something, My Sweet lord, and While My Guitar Gently Weeps, and learn what inspired Harrison's masterpieces, from the I Ching to Eric Clapton's garden.
The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess.
The two countries have already significantly downgraded diplomatic and financial ties.
MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers before the March 2012 claims deadline.
Forty-five percent of U.S. respondents reported that their organization had suffered fraud in the previous 12 months, compared to 35 percent in 2009. Economic pressures, incentives, and opportunities are a significant motivator for economic crime.
