The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
A downgrade of the United States' AAA credit rating is a bigger risk than a default and could over time add up to 0.7 percentage point to bond yields, members of a U.S. securities industry group said on Tuesday.
California Governor Jerry Brown signed into law on Monday a bill allowing illegal immigrants to receive privately funded scholarships to attend the state's public colleges and universities.
Executives from rating agencies Standard & Poor's and Moody's Investors Service are scheduled to testify on Wednesday on attempts to reform the credit rating industry and the role it is playing in the U.S. debt ceiling debate.
Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.
The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.
A Delaware court is likely to rule by Friday on whether Dynegy Inc's proposed debt restructuring should be put hold, according to a Dynegy spokesman.
Germany's SAP AG expects to reach the high end of its 2011 forecasts after a strong second quarter, confounding fears of a slowdown in economically fragile Europe and lifting its shares.
Health advocates say the fast food chain still has a ways to go.
On Monday, Missouri Republican Bill Long tweeted: "No one could reach [hash mark]AmyWinehouse before it was too late. Can anyone reach Washington before it's too late? Both addicted -- same fate???"
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.
WHAT: First reading on U.S. second-quarter GDP
It seems that Gene Simmons is finally making an honest woman out of his Playboy Playmate girlfriend of 28 years, Shannon Tweed.
President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over America's debt limit as Wall Street braced for a looming U.S. default and credit downgrade.
The United States has no wiggle room on the debt after next week's default deadline, White House spokesman Jay Carney said on Tuesday, adding he expected a deal to be reached through compromise before then.
The U.S. will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
General Electric Co has canceled plans to sell its railcar leasing business that could have fetched about $3 billion for the largest U.S. conglomerate, people familiar with the matter said on Tuesday.
A new report says mobile bandwidth has increasingly been used by video streaming providers like YouTube.
It seems that Gene Simmons is finally making an honest woman out of his Playboy Playmate girlfriend of 28 years, Shannon Tweed.
A botched federal program that funneled more than a thousand firearms to Mexican drug lords became the target of bipartisan denunciations at a Congressional hearing on Tuesday.
A new study incorporating interviews with more than 89,000 people in 18 nations revealed that 15 percent of people in high-income countries reported having been depressed, compared with 11 percent of those in low- or middle-income countries.
