NEW YORK

The Standard and Poor's building in New York

S&P Cuts Italy One Notch, Outlook Negative

Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

Rivera Cements His Unique Status as a Closer

Fans hold sign celebrating 602nd save of New York Yankees pitcher Rivera, a career record, at Yankee Stadium in New York
Ever since closer Mariano Rivera joined the New York Yankees in 1995, he has been viewed as one of a kind by team mates and he fittingly made that accolade official on Monday with his 602nd career save.
Yankees closer Rivera throws during warm-ups before his team plays the Toronto Blue Jays during their MLB baseball game in Toronto

Yankees' Rivera Becomes All-Time Saves King

New York Yankees closer Mariano Rivera set Major League Baseball's career saves record with his 602nd on Monday by retiring the Minnesota Twins in order in the ninth inning.
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Mongolia's President Defends Mining Ban

Mongolia's law banning mining in the country's river and forest areas is necessary to protect the mineral-rich Asian country's environment and herdsmen's livelihoods, President Tsakhia Elbegdorj said on Monday.
Gold bullion

Gold Falls More Than 2 Percent, Dollar Jumps

Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
French writer Tristane Banon leaves the office of her lawyer David Koubbi in Paris

Strauss-Kahn's French Accuser Plans Civil Suit

Tristane Banon -- the French writer who has accused Dominique Strauss-Kahn of sexual assault -- said she will sue the former-banker if French authorities decide not to open a criminal trial.
Anne Sinclair, DSK’s Wife

The Strauss-Kahn Interview: France's Reaction and 5 Take-Aways

Dominique Strauss-Kahn spoke publicly for the first time since returning to France. During an interview on French television station TF1 on Sunday night, the former head of the International Monetary Fund expressed his infinite regret over his affair with hotel maid Nafissatou Diallo in May.
2012 Election

Bob Turner Campaign Chief Gets Republican Post

The New York Republican party has tapped the man who orchestrated Bob Turner's stunning win of Anthony's Weiner's vacated congressional seat to help the party try to win more races in 2012, according to the New York Post.
Packers make perfect start to NFL season

Packers make perfect start to NFL season

The reigning Super Bowl champion Green Bay Packers erased a 13-point deficit to beat the Carolina Panthers 30-23 on Sunday and maintain their perfect start to the National Football League (NFL) season while the big guns flexed their muscles.
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Five Precious Metals Miners Bucking Stock Market Downdraft

With gold and silver prices down Monday and the bulk of safe-haven investors opting for U.S. Treasuries instead of precious metals, shares of companies that mine for gold and silver were nearly all down along with the broader stock market.
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Dollar, Dollar-Related Assets Soar, Precious Metals Fall

Gold fell Monday in midday trading as investors decided to diversify their safe-haven opportunities by increasing their holdings of U.S. Treasuries, the dollar and the Japanese yen, said George Cocalis, senior market strategist for PFGBEST.

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