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Tag Archives: standard & poor

Dow crosses 13,000 for first time since 2008

NEW YORK — The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ...

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Dow plunges more than 600 points after downgrade

NEW YORK — Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor’s downgraded American debt. The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in ...

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Boehner, Reid preparing to move on debt limit

WASHINGTON — Democratic and Republican congressional leaders shopped competing debt-crisis solutions and President Barack Obama canceled fundraising appearances Monday, as a politically gridlocked capital lurched into a climactic last full week before the Aug. 2 default deadline. Even amid acknowledgments by ...

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SEC seeks tighter rules for agencies rating debt

WASHINGTON — Federal regulators advanced tighter rules Wednesday for agencies that rate the debt of companies and governments. Credit ratings can affect a company’s ability to raise or borrow money. They can also influence how much investors pay for securities. ...

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Stocks mixed despite bin Laden death, earnings

NEW YORK — Stocks lost some of their early gains and turned mixed Monday despite the death of Osama bin Laden, several strong earnings reports and a major drug industry acquisition. The Dow Jones industrial average remained near its three-year ...

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