LONDON (AP) - Standard & Poor's has downgraded its credit rating for the U.K.-based security firm G4S by one notch to BBB-, citing the company's poor handling of its contract with the London Olympics.
G4S fell short of fulfilling its contractual obligation to provide trained personnel
NEW YORK (AP) - Stocks are hovering around break-even as Wall Street counts down to the election.
At midday, the Dow Jones industrial average is down 11 points at 13,082. The Standard & Poor's 500 is off a point at 1,413. And the Nasdaq composite index is up six at 2,988.
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' government on Monday dismissed a German media report that claims a financial bailout for the island nation would primarily benefit Russians who have stashed billions in ill-gotten gains in its banks.
By The Associated Press
NEW YORK (AP) - The price of oil rose as investors await the result of Tuesday's U.S. presidential election.
Benchmark oil rose 79 cents to $85.65 a barrel on the New York Mercantile Exchange. Brent crude, which is used to price international varieties of oil, rose $
DETROIT (AP) - General Motors is boosting its cash with $11 billion in new credit lines, a move that could mean the automaker is preparing to buy back its shares from the government.
The company said Monday it acquired the credit from 35 financial institutions in 14 countries. It now has more than
By The Associated Press
NEW YORK (AP) - THE DEAL: Stifel Financial is buying KBW in a deal that the companies value at more than $575 million, creating a middle-market investment bank focused on the financial services industry.
THE TERMS: Shareholders of New York's KBW Inc. will receive $10
PARIS (AP) - French fashion designer Nicolas Ghesquiere is leaving the Balenciaga fashion house that he helped turn into one of fashion's hottest properties.
Ghesquiere and Balenciaga say in a joint statement Monday that they have come to a "joint decision" to end their partnership at the end
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. service companies grew at a slightly weaker pace in October than September because sales and new orders slowed. But a measure of employment rose, indicating services firms hired more.
The Institute for Supply Management said
By RAF CASERTAssociated Press
BRUSSELS (AP) - The European Union's member states failed on Monday to name Luxembourg's top banker to the executive board of the European Central Bank after Spain raised objections over his appointment.
The member states were expected to approve Yves
NEW YORK (AP) - Stocks are opening slightly lower one day before the U.S. presidential election.
Just after the opening bell on Wall Street, the Dow Jones industrial average is down 30 points at 13,063. The Standard & Poor's 500 index is off three points at 1,410. And the Nasdaq composite