S and P cuts Capgemini's debt rating to junk status
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International credit rating agency Standard and Poor's said it had cut its rating on the debt of French information technology services group Capgemini to junk status.
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Goldman Sachs Group  and Credit  Suisse Group  on Friday said they will cut about 2,000  job worldwide as a credit crisis puts a damper on fixed-income  trading and corporate dealmaking.
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Stocks fell on Wednesday after credit ratings agency Standard & Poor's slashed its outlook on two companies that insure more than $1 trillion of debt, suggesting fallout from the housing slump is far from over.
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Fitch Ratings on Monday said it may downgrade the foreign and local currency debt ratings for Mexico&#39;s Cemex (CEMEXCPO.MX: Quote, Profile, Research) , citing the cement maker&#39;s plans to buy Britain&#39;s RMC Group for 2.3 billion
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Moody&#39;s Investors Service on Thursday said it may downgrade the debt ratings for Penn National Gaming Inc. (PENN.O: Quote, Profile, Research) and Argosy Gaming Co.
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Dealers said Smith Barney cut its rating on the stock of  Amazon.com to "sell" from "hold" on concerns over sales during  the year-end period.
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TORONTO -- The debt of Bombardier Inc., which makes aircraft and trains, was downgraded Thursday by Moody&#39;s Investors Service to below investment grade.
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Interest rates on short-term Treasury bills fell in yesterday's auction to the lowest levels since June.
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General Motors Corp.  was warned of another possible cut in its debt rating on Monday, a day after the world's largest automaker said it would spend about &#36;2 billion (1.55 billion euros) to end its troubled alliance with Fiat Spa .
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Standard &amp; Poor&#39;s on Tuesday lowered the long-term debt ratings on BellSouth Corp. (BLS.N: Quote, Profile, Research) , SBC Communications (SBC.
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The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.
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Credit Suisse trimmed its full-year subprime writedowns to 2.0 billion Swiss francs ($1.82 billion) but its stock fell as investors took fright at the bankâs remaining exposure to the credit crisis.
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Electronics retailer trims guidance as Americans curb spending.
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Standard &amp; Poor&#39;s on Tuesday said it may cut the debt rating for Constellation Brands (STZ.N: Quote, Profile, Research) deeper into junk, after the wine and beer distributor said it had launched an unsolicited offer of $970
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Moody&#39;s Investors Service on Thursday  downgraded its debt ratings on Canadian publisher Thomson Corp.  and Reuters Group Plc, citing a significant increase in  leverage that will result from Thomson&#39;s pending acquisition of  Reuters.
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Moody&#39;s Investors Service on Monday said it may cut the debt ratings for Rogers Communications Inc.&#39;s (RCIb.TO: Quote, Profile, Research) and its rated subsidiaries, after the company said it would buy AT&amp;T Wireless Services
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General Electric Co.'s finance company in Japan is scaling back operations, trimming about 15 percent of its work force here ahead of a new cap on borrowing rates that is forcing Japanese lenders to cut costs.