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  • Portugal's Rating on Chopping Block

    Published December 21, 2010

    Portugal was put on notice on Tuesday that its credit rating could be cut within three months.

  • Futures Rise on Chinese Comments about Europe

    Published December 21, 2010

    Stock futures were moderately higher Tuesday as global markets responded positively to China’s comments that the country stood ready to help Europe with its sovereign debt crisis, helping spur a rally in the euro.

  • 3M Looking for CEO Replacement: Report

    Published December 20, 2010

    Buckley, who has been head of the Minneapolis-based company since 2006, has reportedly told board members he will resign early next year, a year earlier than the expiration of Buckley’s current contract into 2012.

  • Raytheon Buys Applied Signal for $490 Million

    Published December 20, 2010

    Defense contractor Raytheon said it will buy intelligence and surveillance company Applied Signal for $490 million.

  • Stocks Close Mixed on Thin Volume, Dow Ends Red

    Published December 20, 2010

    Stocks closed out their see-saw-like day mostly positive Monday as late-day gains in commodities along with some M&A action offset a strengthening dollar.

  • Visa, MasterCard in Focus After Fed's Debit Card Proposal

    Published December 17, 2010

    Several analysts expressed deep concerns about the future profitability of Visa and MasterCard following a proposal from the Fed that could cut debit-card transaction fees by 84%.

  • Moody's Downgrades Ireland by Five Steps, Keeps Negative Outlook

    Published December 17, 2010

    Credit rating company Moody’s downgraded Ireland’s debt by several notches Friday, following through with its earlier warning that Ireland’s deteriorating financial situation would most likely result in a multi-step downgrade.

  • Futures Slightly Lower as EU Debt Worries Linger

    Published December 17, 2010

    Stock futures pointed to a flat-to-negative open Friday after investors walked away from the two-day European Union sovereign debt summit disappointed and Moody’s downgraded Ireland’s credit rating by several notches

  • Tax-Cut Bill Hits Snag in the House

    Published December 16, 2010

    The Democratic-led House of Representatives handed the tax-cut bill a slight setback when it delayed debate and votes on the measure.

  • AmEx Buys European Loyalty Program for $660M

    Published December 16, 2010

    Credit card company American Express (NYSE:AXP) said it was purchasing European marketing firm Loyalty Partners for about $660 million in a bid to expand its card usage in international markets.