Economy & Markets
The important economic and stock market news that advisors need to know.
Downgrades of France, Others Irrelevant: Investors
By Marlene Y. SatterRatings agencies suffer from a credibility problem, judging from market reactions to some of their most dramatic moves.
September 14, 2012
Dow Index Adds UnitedHealthThe giant health insurer will replace Kraft Foods, which, in turn, replaced AIG.
September 14, 2012
Dow Index Adds UnitedHealthThe giant health insurer will replace Kraft Foods, which, in turn, replaced AIG.
September 14, 2012
7 Businesses Saved From the Brink of BankruptcyKeeping a company on top for decades is tough; turning it around is even harder. And, are they good bets for your portfolio?
September 14, 2012
SEC Fines NYSE for Giving Proprietary Customers Head Start on Market DataNYSE Euronext agreed to a $5 million penalty for sending market data to proprietary customers' feeds before broadcasting it publicly, becoming the first exchange to pay an SEC fine.
September 14, 2012
Spain Hesitates on Aid as European Finance Ministers MeetPrime Minister Mariano Rajoy of Spain continued to hold off in requesting a bailout for the countrys banks, citing lower interest rates in the wake of the ECB's decision to commit to unlimited bond purchases.
September 14, 2012
South Korea Sees Third Rating UpgradeSouth Korea was given its third debt rating upgrade in less than three weeks as Standard & Poors raised it one step to A+, citing a lower risk on the Korean peninsula after a smooth change in leadership in North Korea.
September 13, 2012
Swiss Forecast Cut; Franc Cap RemainsThe Swiss National Bank has cut its growth forecast for the countrys economy, anticipating a bigger drop in consumer prices as well, and is holding firm on its cap on the francs growth against the euro.