Standard and Poor's, one of the top credit rating agencies in the world, announced today it was lowering the sovereign credit ratings on the Republic of Hungary, slashing that government's debt to 'junk' debt status. The agency also assigned the nation's debt with a 'recovery rating' of 3, meaning it expects investors to be able to obtain from 50 to 70 percent of the country's bonds face value in the event of a default.
Eleazar David Meléndez
Dec 21, 2011
Institutional investors such as unions won the right to file private common-law suits against Wall Street firms for alleged securities-related fraud and negligence.
Dan Rivoli
Dec 21, 2011
Canadian telecom upstart Globalive wants to buy rival Mobilicity but no deal is imminent or indeed likely until the government clarifies rules on foreign ownership and airwave allocation, according to a source with knowledge of the situation.
IBT Staff Reporter
Dec 21, 2011
The largest companies, those typically under the most scrutiny, have experienced the biggest increases in CEO compensation. In 2010, S&P 500 CEOs' total realized compensation increased by a median of 36.5 percent.
Moran Zhang
Dec 21, 2011
After breezing through the euro zone debt crisis for the past two years, Germany's economy could fall into recession as anxious businesses hold off on investment and exports wither.
IBT Staff Reporter
Dec 21, 2011
A devastating plane crash on New Jersey's I-287 left five dead in a business trip turned sour. What's more is that for a small plane, the wreckage was huge.
Jason Van Hoven
Dec 21, 2011
By mid-day the Dow Jones Industrial Average (DJIA) was down 80 points, to 12,023.28, while the NASDAQ was down 2 percent, to 2,550, and the S&P 500 was off three-quarters of a percent fo 1,232.
David Magee
Dec 21, 2011
To be sure, it's not a U.S. stock market for rookies, or the squeamish -- it's a market that also can bring out the reactive in even the most experienced investor. Hence with the above in mind, here are 5 time-tested axioms that every investor should keep close by.
Joseph Lazzaro
Dec 21, 2011
A Socata TBM-700 plane crash on Interstate 287 in Morris Township, New Jersey that killed five people could have been caused by icing, according to reports.
Jason Van Hoven
Dec 21, 2011
KGHM, Europe's No.2 copper producer, and Abacus Mining will need to invest $795 million in their joint Canadian copper and gold project Afton-Ajax, according to a feasibility study cited by KGHM on Wednesday.
Mike Obel
Dec 21, 2011
Oracle Corp's earnings fell short of Wall Street's forecasts for the first time in a decade as software and hardware sales sputtered, sending its shares down more than 10 percent and stoking fears a global recession will hurt tech spending.
keep for now
Dec 21, 2011
For most people, the holiday season is a time spent with family and friends, but for many it can be a time of intense loneliness. Scammers count on that.
IBT Staff Reporter
Dec 21, 2011
Think of wine critic Robert Parker as the E.F. Hutton of fermented grapes. When he talks, oenophiles listen.
Peggy Truong
Dec 21, 2011
The top pre-market NASDAQ Stock Market gainers are: Research In Motion, Polycom, and Yandex. The top pre-market NASDAQ Stock Market losers are: Alnylam Pharmaceuticals, Oracle, Conceptus, ARM Holdings, ASML Holding, Baidu, and Paychex.
Balasubramanyam Seshan
Dec 21, 2011
Southeast Asian stock markets climbed higher on Wednesday, cheered by better economic news from the United States, with a rally in global oil prices boosting commodities-related shares across the board.
Joseph Lazzaro
Dec 21, 2011
Japanese prosecutors raided offices of Olympus Corp and the home of a former executive Wednesday in a probe into a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker.
Eric Linton
Dec 21, 2011
Japanese prosecutors raided Olympus Corp units on Wednesday in connection with a huge accounting scandal that has threatened the existence of the 92-year-old maker of cameras and medical equipment, Japanese media reported.
IBT Staff Reporter
Dec 20, 2011
The story that will follow is one of corporate machinations, armed strongmen storming a Siberian oil field and an office headquarters, corruption and ludicrous amounts of money.
Pierre Bertrand
Dec 20, 2011
The Rangers spent $51 million to negotiate with the Japanese star.
Bobby Ilich
Dec 20, 2011
The Rockefeller Group and Mitsubishi Estate New York have purchased a Washington D.C. office building from Tishman Speyer.
Roland Li
Dec 20, 2011
What will it take to get the U.S. economy growing at a faster rate and to stabilize Europe's economy? Courage. The courage to deploy more fiscal stimulus and stabilization funds.
Joseph Lazzaro
Dec 20, 2011
Roubini said in an article published on the Financial Times Web site that the global problems could materialize, developing into a perfect storm that would involve the U.S. economy.
David Magee
Dec 20, 2011
