Nearly 18 percent of households in the United States have no traditional telephone and rely on wireless services only, which is up several percentage points from a year earlier, the government said
The dollar hit a 2-1/2 month low against the euro and held close to a 13-year low versus the yen on Thursday, pressured by the Federal Reserve's aggressive rate cut this week,
Greece's current political unrest highlights the fragility of the country's institutions, which underpins its comparatively low sovereign rating, with Malta the lowest among euro area sovereigns, Moody's Investors Service said in a
Motorola, Inc. has announced additional actions to further reduce costs amid continuing global economic challenges. These measures include changes to employee compensation and benefit programs as well as changes to executive compensation.
The fundamental credit outlook for the Slovenian banking system is negative, reflecting the expected slowdown in the domestic economy over the coming months and the ongoing liquidity squeeze in international funding markets,
The fundamental credit outlook for the Pakistani financial institutions is negative, reflecting the expected challenges in the economic and credit environment and the deteriorated sovereign position in recent months, Moody's Investors Service
Moody's Investors Service has changed the outlook on the ratings of four Israeli banks to negative from stable: Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot Bank.
European stocks failed on Wednesday to extend strong gains Asia on Wall Street as initial optimism from the Federal Reserve's aggressive rate cut faded, while the dollar hit a 2-1/2 month low
European shares fell in early trade on Wednesday as investors shrugged off a Federal Reserve rate cut and focused instead on worries about more banking sector losses. At 0939 GMT, the FTSEurofirst
All nine members of the Bank of England Monetary Policy Committee voted for this month's 1 percentage point cut in interest rates and discussed whether an even bigger reduction might be needed.
