IBT Staff Reporter

48481-48510 (out of 154954)

S&P may cut France rating outlook: paper

Credit rating agency Standard & Poor's could change its outlook on France's AAA rating to negative within days, a French newspaper reported on Monday, adding to fears France may lose its position among the top rank of sovereign borrowers.

Dow. S&P up for 2nd day but financials a drag

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.

KPMG recovers $500 million of MFG client money

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.

MasterCard expanding Western Union prepaid program

MasterCard Inc plans to start offering prepaid debit cards at Western Union Co locations outside the United States, expanding an offering only available domestically until now, company executives said on Tuesday.

FINRA fines 8 firms for private placement sales

The Financial Industry Regulatory Authority on Monday sanctioned eight brokerages and ten individuals, and ordered a total of $3.2 million in restitution for selling private placements that ultimately failed.

Fed's Yellen sees scope for further easing

Janet Yellen, the Federal Reserve's influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates.

Jim Parsons of Big Bang Theory Headed to Broadway

Jim Parson's, best known for winning two Emmys for his portrayal of the borderline obsessive-compulsive genius Sheldon Cooper on 'The Big Bang Theory, is going to Broadway to star in a revival of 'Harvey.'

Murdoch suffers BSkyB revolt, but hangs on

BSkyB independent shareholders dealt James Murdoch a heavy blow on Tuesday with over 40 percent failing to back his re-election as chairman, venting their anger at his handling of a phone hacking scandal.

Prince Harry Leaves US, Returns to England

Prince Harry of Wales' time in the United States has ended. The member of the British Royal Family and active duty member of the British Navy has finished his training stint in Arizona and is headed home to England.

Herman Cain Affair: Candidate 'Reassessing' Campaign; May Drop Out of Race

Just as the sexual harassment allegations against him were beginning to fade, Herman Cain was faced on Monday with a new scandal when a Georgia businesswoman claimed to have had a 13-year affair with him -- and now several news outlets are reporting that he is reassessing whether to stay in the race for the Republican presidential nomination.

Tiffany sales growth shows signs of slowing

Concerns about slowing sales momentum took some of the luster off Tiffany & Co's stock amid signs that European and U.S. economic distress are weighing on luxury consumers, and shares fell 9 percent.

Nokia Siemens sells WiMax unit, starts revamp

Struggling mobile telecom gear venture Nokia Siemens Networks said on Tuesday it had agreed to sell a unit working on a niche WiMax technology to private-equity backed NewNet Communication Technologies.

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