John Chambers News
Italy Tanks US Markets
Suzanne O'Halloran details the decline in the Dow.
Retail Sales Slow, Raising Concerns About Economy
Morning Money Memo… Retailers are posting uneven results this year, but economists and investors are not sounding the warning bells just yet. Although retail sales for the third quarter have gotten off to a slow start, with July’s retail numbers falling below expectations, the outlook...
'Argo' Review: Ben Affleck Shines in Suspense-Filled Thriller
Having just celebrated the 50th anniversary of the James Bond franchise, highlighted by the forthcoming release of the next Bond film, “Skyfall,” we’re reminded of just how much we love a good spy story. But a good spy story is so much better when it’s...
Dow Jones Industrial Average Up 423 Points at Close, Stocks Surge
The Dow Jones industrial average finished up 423.37 points, or 3.95 percent, to 11,143.31 on Thursday. The Standard & Poor's 500 Index shot up 51.88 points, or 4.63 percent, to 1,172.64. The Nasdaq was up 111.63 points, or 4.69 percent, at 2,492.68. U.S. stocks moved sharply higher today after
S&P: U.S. downgrade 'modest'
Standard & Poor's is getting lots of criticism for cutting the U.S. credit rating, but it says the downgrade isn't the end of the world, either. The Treasury, on its website, accused S&P of changing the rationale for its downgrade after Treasury pointed out a $2 trillion error in its calculations.
GOP Candidates Blame Obama for Downgrade
ABC News’ Sarah Parnass reports: Ahead of a big week in Iowa, Republican presidential candidates were abuzz with news of bond rating agency Standard & Poor’s decision to downgrade the U.S. credit rating this weekend. Statements from the GOP competitors...
The Note: Survivor Iowa: Will This Week Winnow The GOP Presidential Field?
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) DES MOINES, Iowa -- At a campaign event in Des Moines last night, presidential candidate Michele Bachmann asked if anyone in the crowd at a Polk County Republican party dinner could give...
Dow Ends Day Down 634; Worst Day for Stock Market Since 2008
U.S., Asia, Europe Markets Sell Off After S&P Downgrading of U.S. Credit Rating
Fannie And Freddie Downgraded
Standard & Poor 's today downgraded the debt of Fannie Mae, Freddie Mac and 10 of 12 Federal Home Loan Banks that were propped up by the federal government after the financial crisis of 2008. S&P reduced their ratings one notch, to AA+ from AAA, its very highest rating. The agencies guarantee or