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It was the highest close for the Dow since May 19, 2008, four months before the worst of the financial crisis. As the Dow moved to within sight of 13,000, applause broke out at the closing bell on the floor of the New York Stock Exchange. The Standard...
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The Dow Jones Industrial Average advanced 123.13 points, or 1%, to 12,904.08. Blue chips recovered after falling 97 points on Wednesday, the Dow's worst session of the year, ending Thursday with the highest close since May 2008. The Standard & Poor's...
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This combo picture made on October 20, 2011 shows offices of Spanish Banks BBVA (top), Banco Santander (C), and La Caixa (down) in Madrid. Standard & Poor's on February 13, 2012 lowered the credit rating of 15 Spanish banks in a move that follows the... View Photo »
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The current financial turmoil stems primarily from fiscal profligacy at the periphery of the euro zone
– Standard & Poor's SOURCE: Today Online -
The company gained 7.2 percent to $42.74 at the close in New York, the highest since Nov. 8. The stock was the best performer in the Standard & Poor's 500 index. The shares fell 34 percent last year. REAL ESTATE Bay Area home sales increase Bay Area...
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The ratings on ANZ's subsidiaries, including its 100%-owned New Zealand banking subsidiary ANZ National Bank Ltd. (ANZ National), also are unchanged. ANZ's performance for the quarter ended Dec. 31, 2011, was consistent with our 'AA-' long-term issuer...
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The Standard & Poor's 500 Index climbed 14.82 points, or 1.10 percent, to 1,358.05. The Nasdaq Composite Index rose 44.02 points, or 1.51 percent, to 2,959.85.
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An Egyptian Army soldier sits atop his armored vehicle in Cairo, Egypt Monday, Feb. 13, 2012. Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing declining foreign reserves and continued unrest. View Photo »
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Stocks fell, trimming a weekly gain, while the euro and commodities slid after reports that several European nations will have credit ratings cut by Standard & Poor's. U.S. Treasuries rose...
SOURCE: Safehaven -
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12,904.08, its third triple-digit gain this year. It was the highest close for the Dow since May 19, 2008, four months before the worst of the financial crisis. As the Dow moved to within sight of 13,000, applause broke out at the closing bell on the...
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The reports helped paint a more upbeat picture about the economy that put Wall Street in a buying mood. The Dow surged 123.13 points, or nearly 1%, to 12,904.08. Just one of the 30 stocks in the average declined. The broader Standard & Poor's 500 index...
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A picture taken on September 7, 2011 shows debris lying on the ground in from of a badly quake-damaged building in Christchurch during a tour given to foreign journalists visiting the city ahead of the 2011 Rugby World Cup. Standard & Poor's and Fitch Ratings both downgraded New...
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An Egyptian Army soldier sits atop his armored vehicle in Cairo, Egypt Monday, Feb. 13, 2012. Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing declining foreign reserves and continued unrest.
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Ratings agency Standard & Poor's chief economist for Europe Jean-Michel Six talks to journalists at the end of a yearly press conference about 'macro economic outlook and general trends on credit markets, focus on credit condition in France and in Europe by sector' at the Standard & Poor's...
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The Standard and Poor's building in New York, in this August 2, 2011 file photo. Rating agency Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region's debt...
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CHICAGO, IL - JANUARY 25: A trader monitors prices during a slow period in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) following the Federal Open Market Committee meeting on January 25, 2012 in Chicago, Illinois. Following the meeting...
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CHICAGO, IL - JANUARY 25: Traders signal offers in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) following the Federal Open Market Committee meeting on January 25, 2012 in Chicago, Illinois. Following the meeting the Fed, which left...
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AP Photo
Italian prosecutor Michele Ruggiero leaves the Fitch offices in Milan, Italy, Tuesday, Jan. 24, 2012, after a search carried out by tax tax police, less than a week after documents were seized by police in the Milanese offices of Standard & Poor's. Ruggiero is investigating the credit rating...
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Reuters Pictures
The Standard and Poor's building is pictured in New York, in this file photo taken August 2, 2011. U.S. regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in...
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CHICAGO, IL - SEPTEMBER 23: Traders signal offers on Standard & Poor's 500 stock index options at the Chicago Board Options Exchange (CBOE) on September 23, 2011 in Chicago, Illinois. U.S. markets were wavering at the open today following yesterday's big selloff as investors to...
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Reuters Pictures
The Standard and Poor's building is seen in New York, August 8, 2011. Stocks tumbled on Monday, the first session after rating agency Standard & Poor's cut the top-tier AAA credit rating of the United States, further unnerving already-skittish investors.
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Standard & Poor's headquarters in the financial district of New York on August 6, 2011. The United States' credit rating was cut for the first time ever August 5 when Standard and Poor's lowered it from triple-A to AA+, citing the country's looming deficit burden and weak policy-making...
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Reuters Pictures
Standard and Poor's building in New York, in this August 2, 2011 file photo. The United States lost its top-notch AAA credit rating from Standard & Poor's on August 5, in an unprecedented reversal of fortune for the world's largest economy. Picture taken August 2, 2011.
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AP Photo
Tourists drive past Standard & Poor's headquarters in New York's financial district Saturday, Aug. 6, 2011. After the first-ever downgrade of the U.S. government's AAA credit rating by Standard & Poor's on Friday, top officials at the company on Saturday defended their position after...
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This picture taken on January 17, 2012 in Paris shows a close-up of a page of the Ratings agency Standard & Poor's website.
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A supporter of the Left Front (Front de Gauche) party demonstrates with a placard on January 16, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit rating downgrade and the financial markets.
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French president of the Parti de Gauche and Left Front (Front de Gauche) candidate for 2012 French presidential election Jean-Luc Mélenchon (C) speaks during a demonstration on January 16, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit rating downgrade...
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Supporters of the Left Front (Front de Gauche) party hold placards featuring the 'triple A' during a demonstration on January 16, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit rating downgrade and the financial markets.
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A supporter of the Left Front (Front de Gauche) party sticks a placard on a door during a demonstration on January 16, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit rating downgrade and the financial markets. (C) is a portrait of Front de...
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AP Photo
Austrian Foreign Minister Michael Spindelegger arrives for talks with head of the central bank to plan strategy in the wake of the nation's downgrade by Standard & Poor's, at the federal chancellery in Vienna, Austria, Monday, Jan. 16, 2012.
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AP Photo
Austria's Finance Minister Maria Fekter arrives for talks with head of the central bank to plan strategy in the wake of the nation's downgrade by Standard & Poor's, at the federal chancellery in Vienna, Austria, Monday, Jan. 16, 2012.
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AP Photo
Governor of the Austrian National bank Ewald Nowotny leaves after talks with members of the Austrian government to plan strategy in the wake of the nation's downgrade by Standard & Poor's, the federal chancellery in Vienna, Austria, Monday, Jan. 16, 2012.
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French leftist party Parti de Gauche activists take part in a demonstration on January 15, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit rating downgrade and the financial markets. Global markets were expected to face pressure when they...
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French president of the Parti de Gauche and Left Front (Front de Gauche) candidate for 2012 French presidential election Jean-Luc Mélenchon delivers a speech during a demonstration on January 15, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit...
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Getty Images
French president of the Parti de Gauche and Left Front (Front de Gauche) candidate for 2012 French presidential election Jean-Luc Mélenchon delivers a speech during a demonstration on January 15, 2012 in front of the Standard & Poor's Paris headquarters to protest against France credit...
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French far-leftist Parti de Gauche's (PG) activists demonstrate in front of the headquarters of Standard & Poor's on January 14, 2012 in Paris. The possibility of a break-up of the eurozone was not a key factor in a series of ratings changes and downgrades of bloc members, including top...
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A picture taken on September 7, 2011 shows debris lying on the ground in from of a badly quake-damaged building in Christchurch during a tour given to foreign journalists visiting the city ahead of the 2011 Rugby World Cup. Standard & Poor's and Fitch Ratings both downgraded New...
View Photo »
