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Stocks plunge as attention returns to weak economy
NEW YORK — Stocks plunged again Wednesday as investors turned their attention back to the weak global economy and Europe’s debt problems. Most of the big gains that followed a […]
Maryland to retain AAA rating, Kopp says
Maryland’s top credit rating from Standard & Poor‘s will likely remain untarnished through at least the end of the year, the state treasurer’s office said Tuesday. The news eased the […]
S&P warns it may downgrade U.S. credit rating
WASHINGTON — Credit rating agency Standard & Poor’s said Thursday that there is a 50 percent chance it will downgrade the U.S. government‘s credit rating within three months because of […]
Stocks sink on fresh fears about global economy
NEW YORK — July doesn’t look so promising anymore. By midday Monday the Dow Jones industrial average had its biggest percentage drop since June 15. The Dow is down 170 […]
How S&P’s warning could actually help US debt
NEW YORK — A warning from Standard & Poor’s that mounting debts put the U.S. government’s credit rating at risk blindsided markets last Monday. The Dow Jones industrial average lost […]
S&P cuts outlook for U.S. debt to negative
WASHINGTON — Standard & Poor’s Ratings Service downgraded its outlook Monday on U.S. government debt, expressing unprecedented doubts over the ability of Washington to bring the massive federal budget deficits […]
Wholesalers see their biggest sales jump in 14 months
WASHINGTON — Businesses at the wholesale level added to their stockpiles in January and their sales jumped by the largest amount in 14 months. But the spike in sales was […]
Home prices hit post-bust lows in most big cities
WASHINGTON — Home prices in a majority of major U.S. cities tracked by a private trade group have fallen to their lowest levels since the housing bubble burst. The Standard […]
Bethesda based American Capital prices share offer at $28 each
BETHESDA — American Capital Agency Corp. said it had priced its public offering of 23.4 million shares at $28 per share, and expects it to generate net proceeds of approximately […]
Stocks edge up as market approaches new year
NEW YORK — Stocks were higher at midday Wednesday in thin trading as the market approached the end of the year. In the absence of any fresh economic data, traders’ […]
Mortgage rates edge down after 5 weeks of gains
NEW YORK — Rates on fixed mortgages dipped after rising for five weeks in a row. Still, they remain more than a half-point higher than last month and are at […]
Salkin bringing Wall $treet Week to the Web
The once-celebrated Maryland Public Television-produced financial news program Wall $treet Week is back, sort of. The program, off the air since 2005, has been revived as an online-only publication focusing […]
