Q&A: Why investors are wary of Italy's elections
Investors are keeping a wary eye on Italy as the country heads to the polls Sunday and Monday to elect a new parliament. They fear that a new ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
Gov't downsizes amid GOP demands for more cuts
Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, ...
Obama calls Boehner, McConnell as budget cuts loom
Signaling an attempt to break an impasse, President Barack Obama on Thursday placed calls to House Speaker John Boehner and Senate Republican leader ...
Insurer Allianz doubles net profit in 2012
Insurance company Allianz SE says net profit almost doubled last year as losses on Greek bonds no longer weighed down its results. The Munich-based ...
Unyielding GOP politicians doing what voters ask
U.S. Rep. Jason Chaffetz flew home from Washington last week, leaving behind a capital baffled by Republicans like him in Congress: those who ...
Likely Treasury chief Lew faces early budget tests
The to-do list that awaits Jacob Lew, President Barack Obama's choice to be Treasury secretary, is daunting. Bridge disputes in Congress on taxes and ...
S&P parent expects to beat gov't ratings lawsuit
Standard & Poor's is prepared to spend years beating back a federal lawsuit that accuses the company of giving falsely high ratings to mortgage ...
Greece raises 1.3 billion euros in T-Bill auction
Greece has raised €1.3 billion ($1.74 billion) in a Treasury bill auction, with the interest rate paid on the three-month loan roughly unchanged from ...
NY attorney general looks at ratings agencies
New York Attorney General Eric Schneiderman has begun examining the nation's biggest credit rating agencies' compliance with agreements reached by his ...
McClatchy posts 4Q loss on debt refinancing charge
The McClatchy Co., publisher of 30 daily newspapers including The Sacramento Bee and The Miami Herald, said Thursday that it posted a loss in the ...
Ireland seals ECB deal to slash bank bailout costs
Ireland clinched a long-sought agreement Thursday with the European Central Bank to restructure the loans used to bail out its failing banks, a deal ...
US sues S&P over pre-crisis mortgage ratings
The Obama administration on Tuesday accused Standard & Poor's of refusing to warn investors that the housing market was collapsing in 2006 because it ...
Obama urges stopgap budget deal to avoid deep cuts
Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes ...
Stocks rebound on home prices, earnings; Dow up 99
The stock market bounced back Tuesday following a surge in U.S. home prices and signs of recovery in Europe's economy. Strong earnings reports also ...
CBO: Budget deficit estimated at $845B
The federal budget deficit will drop below $1 trillion for the first time in President Barack Obama's tenure in office, a new report said Tuesday.
Greece orders striking ferry crews back to work
For the second time in less than two weeks, the Greek government invoked rarely used emergency laws to order strikers back to work Tuesday — in a move ...
President signs bill averting government default
President Barack Obama has signed into law a bill raising the government's borrowing limit, averting a default and delaying the next clash over the ...
S&P expects US lawsuit over its mortgage ratings
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to ...
Rare good news for eurozone economy
Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ...
Russia likely to contribute to Cyprus bailout
Russia is likely to contribute money to a rescue package that Cyprus is trying to finalize with eurozone partners, the cash-strapped country's finance ...
Monte Paschi raised aid demand due to trade loss
Embattled bank Monte dei Paschi di Siena increased its request for government aid by €500 million ($672 million) in October after incoming managers ...
S&P lowers Illinois credit rating, blames pensions
Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any state in ...
Honduras can't pay its bills, neglects services
Street surveillance cameras in one of the world's most dangerous cities were turned off last week because Honduras' government hasn't paid millions ...
Italian bank seeks to calm investors over trades
Italian bank Monte dei Paschi di Siena sought Thursday to calm investors over a trading scandal that has caused its share price to slump and led to ...
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