TOKYO (Reuters) – Rating agency Standard & Poor’s cut Japan’s long-term sovereign debt rating on Thursday for the first time since 2002, saying the country’s government lacked a coherent plan to tackle its mounting debt.
(Reuters) – Mortgage companies Fannie Mae and Freddie Mac have been lobbying the Treasury to accept a lower dividend on the preferred stock issued during the government bail out, the Financial Times said, citing people familiar with the situation.
SEATTLE (Reuters) – Microsoft Corp is set to report a dip in earnings on Thursday, a year after the launch of its Windows 7 operating system blew away Wall Street estimates, as sales of personal computers lag expectations and Apple Inc’s iPad eats away…
MANITOWOC, Wisc. (Reuters) – President Barack Obama pressed his case on Wednesday for investment to grow the U.S. economy out of its budget woes, a job made tougher by a forecast that the deficit will surge 40 percent this year.
SAN FRANCISCO (Reuters) – A majority of Californians back Governor Jerry Brown’s plan to ask them to extend tax increases to help close a $25.4 billion state budget gap, poll results released on Wednesday showed.
WASHINGTON (Reuters) – U.S. lawmakers plan to reintroduce China currency legislation that was overwhelmingly approved last year by the House of Representative but failed to become law, congressional aides said on Wednesday.
WASHINGTON (Reuters) – U.S. lawmakers plan to reintroduce China currency legislation that was overwhelmingly approved last year by the House of Representative but failed to become law, congressional aides said on Wednesday.
LOS ANGELES (Reuters) – Starbucks Corp, the world’s largest coffee chain, expects rising coffee prices to hit profits more than it previously thought but stressed that it would not raise prices to cover the extra expense.
HOUSTON (Reuters) – U.S. Representative Gabrielle Giffords was moved on Wednesday from an intensive-care ward to a long-term rehabilitation facility to begin her first full round of therapy since she was shot through the head 17 days ago.
SAN FRANCISCO (Reuters) – Financier Allen Stanford is incompetent to stand trial at this time over accusations that he led a $7 billion fraud, a U.S. judge in Texas ruled on Wednesday.
