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U.S. News

Moody's downgrades Alcoa, sees headwinds for primary metals

Moody's downgrades Alcoa, sees headwinds for primary metals

Moody's Investors Service downgraded aluminum producer Alcoa Inc. on Wednesday, citing weak aluminum prices and a tough market for the company's primary metals business.

Posted on 5-29-2013 at 5:59 PM
Switzerland submits to U.S. pressure, relaxes bank secrecy

Switzerland submits to U.S. pressure, relaxes bank secrecy

Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to...

Posted on 5-29-2013 at 3:05 PM
Kristine Owram reports on Shuanghui's acquisition of Smithfield play

China's Shuanghui to acquire Smithfield Foods for $4.7B

China's Shuanghui International agreed on Wednesday to buy Smithfield Foods for $4.7 billion US in cash, in a deal that will increase the flow of U.S.-made pork to the world's largest...

Posted on 5-29-2013 at 10:34 AM
P&G all-star board's oversight questioned as CEO departs

P&G all-star board's oversight questioned as CEO departs

The sudden exit of Procter & Gamble Co's Bob McDonald as chief executive and the return of former CEO A.G. Lafley in his place has raised questions about the vigilance of one of...

Posted on 5-29-2013 at 8:35 AM
In California wine country, bumpy roads tell tale of fiscal woe

In California wine country, bumpy roads tell tale of fiscal woe

Sonoma may be known for its wine, and for a burgeoning artisanal food scene, and for its lush, rural landscapes and great weather, but it is also struggling with the same type of government...

Posted on 5-29-2013 at 8:29 AM
Mark Bunting reportsplay

Nasdaq to pay $10M for Facebook fumble

The Nasdaq is paying $10 million US -- the largest penalty ever levied against a stock exchange -- to settle charges stemming from its handling of Facebook's $16-billion initial public...

Posted on 5-29-2013 at 2:03 PM
U.S. consumer confidence strongest in over 5 yrs in May

U.S. consumer confidence strongest in over 5 yrs in May

U.S. consumer confidence strengthened in May to the highest level in more than five years, suggesting Americans' attitudes were resilient in the face of belt-tightening in Washington, a...

Posted on 5-28-2013 at 10:45 AM
Poster children of U.S. housing bust see price surge

Poster children of U.S. housing bust see price surge

American cities put on life support in the wake of the U.S. housing market are showing signs of life.

Posted on 5-28-2013 at 3:07 PM

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