| China blasts U.S. over debt problems, calls for dollar oversight Fri,5 Aug 2011 11:35 PM PDT Reuters - SHANGHAI (Reuters) - China roundly condemned the United States for its "debt addiction" and "short sighted" political wrangling and said the world needed a new stable global reserve currency. Full Story | |
| Obama briefed on S&P downgrade before leaving White House Fri,5 Aug 2011 08:15 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama was briefed in advance on Friday on Standard & Poor's intention to downgrade the United States' top-notch AAA credit rating and has continued receiving updates from top aides, an administration official said.Full Story | |
| Instant view: U.S. loses AAA credit rating from S&P Fri,5 Aug 2011 07:55 PM PDT Reuters - NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy. Full Story | |
| Some Goldman clients faced paperwork delays Fri,5 Aug 2011 07:40 PM PDT Reuters - NEW YORK (Reuters) - Some Goldman Sachs Group Inc clients who pushed trades through its clearing division during the market rout on Thursday were unable to access information about their positions the following morning. Full Story | |
| S&P lowers United States credit rating to AA+ Fri,5 Aug 2011 06:26 PM PDT Reuters - (The following statement was released by the rating agency) Overview Full Story | |
 SAN FRANCISCO (Reuters) - Groupon Inc, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said. | |
 NEW YORK (Reuters) - Rupert Murdoch's daughter Elisabeth will not be joining News Corp's board as had been planned, after criticism that the board was populated by corporate and family insiders. | |
 NEW YORK (Reuters) - Citigroup Inc said in a regulatory filing on Friday that the Justice Department is examining its mortgage business. | |
| Playboy partners with online porn company Manwin Fri,5 Aug 2011 03:47 PM PDT Reuters - LOS ANGELES (TheWrap.com) - Playboy Enterprises, which pioneered print adult entertainment with Playboy magazine, has partnered with one of the largest names in pornography's online industry -- Manwin. Full Story | |
 NEW YORK (Reuters) - Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point. | |
 NEW YORK (Reuters) - Warren Buffett's conglomerate Berkshire Hathaway Inc reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance. | |
 NEW YORK (Reuters) - A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement "unfair" and "inadequate", another state attorney general hinted he may also oppose the deal. | |
 OTTAWA (Reuters) - Canada has options to deal with disruptions in the financial sector and is well positioned to cope with "global headwinds," Finance Minister Jim Flaherty said on Friday. | |
 ROME/FRANKFURT (Reuters) - Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return for European Central Bank help with funding. | |
| South America braces for fallout from crisis in north Fri,5 Aug 2011 02:16 PM PDT Reuters - LIMA (Reuters) - South American nations said on Friday they are well-positioned to withstand a sharper global downturn but want to insulate their economies further from a crisis of confidence they blame on Europe and the United States. Full Story |
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