About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre» Read More
SAN JUAN, Puerto Rico, Feb 10- Puerto Rico Gov. Moody's Investors Service last week lowered the commonwealth's credit rating to junk status and also cut the rating on the Cofina debt because of worries about the island's shrinking economy and population.
NEW YORK, Feb 10- Moody's Investors Service confirmed on Monday it had cut the rating of the Puerto Rico Electric Power Authority to junk status, saying the island's shrinking economy and population will hurt the already cash-strapped authority's ability to invest.
NEW YORK, Feb 7- Moody's Investors Service on Friday became the second ratings agency this week to cut Puerto Rico's credit rating to junk, citing concern about the cash-strapped U.S. territory's weak economy and its ability to borrow.
U.S. stock index futures turned lower on Friday, after the government's crucial non-farm payrolls jobs report came in below expectations.
Some of the names on the move ahead of the open.
WASHINGTON, Feb 7- The U.S. debt limit suddenly looks a lot less threatening as Republicans in the House of Representatives struggle to choose from a diminishing list of minor conditions for an increase needed by the end of this month.
SAO PAULO, Feb 6- Brazil's government tapped Paulo Rogério Caffarelli, a senior vice president at state-run Banco do Brasil SA, to assume the finance ministry's No. 2 post, in a move aimed at shoring up investor confidence in economic policy.
SAO PAULO, Feb 6- Brazil's government tapped Paulo Rogério Caffarelli, a senior vice president at state-run Banco do Brasil SA, to assume the finance ministry's No. 2 post, two sources with direct knowledge of the situation told Reuters on Wednesday, in a move aimed at shoring up investor confidence in economic policy.
MEXICO CITY, Feb 5- Mexico became only the second country in Latin America to earn a coveted "A" grade sovereign rating after Moody's upgraded it on Wednesday, citing major economic reforms that President Enrique Pena Nieto has pushed through Congress.
Feb 4- Standard& Poor's owner McGraw Hill Financial Inc posted a better-than-expected quarterly profit as it earned more from its financial information and indexes businesses. The company's net income from continuing operations fell to $173 million, or 62 cents per share, in the quarter, from $190 million, or 67 cents per share, a year earlier.
LONDON/ ZURICH, Feb 3- Food group Nestle is selling its sports nutrition business under the PowerBar and Musashi brands to U.S. group Post Holdings, the Swiss company said, in its drive to shed underperforming assets. "We have an ongoing process of portfolio review and this decision came out of that," a Nestle spokeswoman said in an emailed statement.
TOKYO, Feb 1- Japan's Sony Corp and Chinese technology company Lenovo Group are in talks about a possible joint venture to take over Sony's loss-making Vaio PC business overseas, Japanese broadcaster NHK reported on Saturday.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
Jan 31- Gold and copper producer Newmont Mining Corp might curtail operations in Indonesia unless its dispute with the government over a new export tax is resolved in the next couple months, Chief Executive Gary Goldberg said on Friday.
While more than a quarter of US states owed more in pensions than revenues in 2012, but things are improving, Moody's reports.
WASHINGTON, Jan 30- More than a quarter of U.S. states had public pension liabilities that were greater than their total revenues in fiscal 2012, Moody's Investors Service said in a report on Thursday that also indicated the struggle to pay for public employee retirement had peaked.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
SAN JUAN, Jan 28- Puerto Rico finance officials trying to avoid junk bond ratings for the Caribbean island are emphasizing recent tax hikes, spending cuts and other fiscal reforms in meetings with U.S. credit agencies, Puerto Rico's governor said on Tuesday.
*Komatsu rises on strong Caterpillar results. TOKYO, Jan 28- Japan's Nikkei average edged up on Tuesday, clawing back some ground from a two-month low hit the previous day as investors scooped up bargains, while construction equipment makers like Komatsu jumped after Caterpillar reported upbeat results.
BUENOS AIRES, Jan 27- Argentina set monthly limits on dollar purchases on Monday, widening the gap between the official and "black market" exchange rates with an erratic currency policy that has rattled investors and battered the peso. purchaser's monthly wages, the government has revived doubts about its commitment to a more open currency market under measures announced on Friday.