IBT Staff Reporter

42511-42540 (out of 154954)

Fitch and S&P Downgrade Spanish Banks

Ratings agencies Fitch lowered its ratings on four big Spanish banks while Standard & Poor's cut its rating for the industry as a whole on Monday following recent sovereign downgrades and on concerns of funding difficulties and a weak economy.

Fitch, S&P downgrade Spanish banks

Ratings agencies Fitch lowered its ratings on four big Spanish banks while Standard & Poor's cut its rating for the industry as a whole on Monday following recent sovereign downgrades and on concerns of funding difficulties and a weak economy.

After lemming exodus, manufacturers look to U.S.

Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday.

Proxy adviser ISS slams Facebook share structure

Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors, proxy advisory group Institutional Shareholder Services said on Monday.

Wall St up on Greece, nears resistance

Stocks rose on Monday, led by bank shares after Greece's parliament approved reforms needed to qualify for a cash disbursement and avoid an unruly default.

Two former Bear Stearns managers settle SEC case

Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden hedge funds, agreed on Monday to pay more than $1 million to resolve a civil lawsuit brought by market regulators.

Obama proposes large budgets boosts for SEC and CFTC

Financial market regulators, months behind in writing rules to implement the Dodd-Frank reforms and under pressure to probe the collapse of broker MF Global more vigorously, would get a big budget boost in the coming fiscal year from the spending plan that the White House proposed on Monday.

Saudi writer may face trial over Prophet Mohammad

A young Saudi blogger and columnist has been deported to his homeland to face trial soon after fleeing from death threats triggered by comments on the social network Twitter seen as blasphemy against the Prophet Mohammad.

European distressed debt opportunities loom large

Feb 13 - The confluence of widespread deleveraging among European banks and a significant wall of debt maturities that must be refinanced is creating a rising tide of distressed credit opportunities for U.S. alternative investors. However, the pace of activity is developing more slowly than anticipated, according to credit investors.

USDA sees corn stocks double next year

A U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies.

Apple subjects Foxconn, partners to labor scrutiny

Apple Inc said on Monday that a U.S. non-profit labor group has begun an unprecedented inspection of working conditions at its main contract manufacturers, including Foxconn's plants in southern China, as the maker of the IPhone continues to grapple with persistent image problems there.

AmerisourceBergen CFO DiCandilo Resigns

AmerisourceBergen Corp. said on Monday its Chief Financial Officer Michael DiCandilo had resigned to pursue other interests, effective immediately, sparking at least one broker downgrade and sending its shares down more than 3 percent.

Protests erupt across Europe against web piracy treaty

Tens of thousands of protesters took part in rallies across Europe on Saturday against an international anti-piracy agreement they fear will curb their freedom to download movies and music for free and encourage Internet surveillance.

Credit Card Rewards Grow as Debit Rewards Dwindle

Nearly half of cash-back cards, or 48 percent, paid 1 percent cash back from the first dollar of spending, up 44 percent last year, according to a credit card study conducted by Bankrate.com. Fourteen percent of cash-back cards paid more than 1 percent.

Wall Street Higher on Greek Deal

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Wall St higher on Greek deal

Stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

Investors peer past gloom, eye Asian economic rebound

If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.

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