Standard & Poor's Ratings Services lowered its sovereign rating on Greece to 'CCC minus' from 'CCC', saying the probability of Greece exiting the eurozone was now about 50 per cent.
NEW YORK, June 29 To restructure government debt Puerto Rico will need to reach a negotiated settlement with creditors or modify its constitution, a long and complicated undertaking that may not succeed.
BRUSSELS—European Union leaders Monday urged China to adopt tough climate-change goals as they and other nations head toward a critical climate conference in Paris at year's end.
announced today that it would not be moving forward with its highly anticipated acquisition of US Foods. In an effort to make it up to shareholders who have been expecting the merger, Sysco also announced a $3 billion share repurchasing program to take ...
For decades, conservatives have dreamed of paring the federal government by eliminating entire cabinet departments - or at least an agency or two.