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Futures fall after Portugal sovereign rating cut
Reuters - U.S. stock index futures fell on Wednesday after Portugal's sovereign credit rating was downgraded one notch on budget concerns.
European stocks slide as Portugal rating slashed
AFP - European stock markets dived into the red on Wednesday, erasing early gains, and the euro slumped against the dollar after Portugal's long-term debt rating was downgraded.
FTSE 100 falls ahead of budget
AFP - Leading shares dived into the red on Wednesday, erasing early gains, as investors eagerly awaited the government's annual budget.
General Mills profit beats estimates, volume flat
Reuters - General Mills Inc posted a higher-than-expected quarterly profit, helped by sales of new items such as chocolate Cheerios cereal and the company's continuing focus on cost cuts.
Stocks add to losses after home sales
Reuters - Stocks added to losses on Wednesday after data showed new home sales unexpectedly fell in February, fueling worries about weakness in the housing sector.
Greek, Portugal debt fears stalk European markets
AP - European stock markets gave up early gains Wednesday and the euro slid to a fresh ten-month dollar low amid concerns that the International Monetary Fund will be called in to bail out Greece. Portugal's debt was downgraded, adding to concerns about the government debt woes afflicting Europe.
Wall Street down after Portugal credit rating cut
Reuters - Stocks fell on Wednesday after Portugal's credit rating was downgraded on budget concerns, prompting investors to pull back after recent gains.
Wall Street falls on Portugal's rating downgrade
Reuters - U.S. stocks slipped on Wednesday after Portugal's credit rating was cut on deficit concerns, prompting a sell-off after the recent rally.
FTSE 100 slightly up after budget
AFP - FTSE 100 shares rose slightly Wednesday as investors digested Chancellor of the Exchequer Alistair Darling's pre-election budget, widely judged as a conservative by the City.
General Mills full-year EPS forecast below estimates
Reuters - Cereal maker General Mills Inc forecast full-year earnings below Wall Street expectations on Wednesday and may face more competition as consumers grow more willing to dine out, sending its shares lower.
New Mexico real estate exec accused of $80M scheme
AP - A prominent Albuquerque real estate executive used his reputation to defraud about 600 investors in New Mexico and elsewhere out of an estimated $80 million in a Ponzi scheme, the Securities and Exchange Commission alleged in a federal lawsuit.
Markets fall after Portugal credit downgrade
Reuters - Stocks fell on Wednesday, threatening to end a string of gains, after Fitch Ratings cut Portugal's credit rating on deficit concerns in the latest sign of worsening sovereign debt problems in Europe.
Summary Box: Portugal debt woes hit stock market
AP - AN UNWANTED IMPORT: Major stock indexes fell Wednesday, a day after closing at 2010 highs, after Fitch Ratings lowered its rating on Portugal's debt. That raised concerns that deficits in Portugal and other countries would trip up a global recovery.
Wall St. ends lower on sovereign debt concerns
Reuters - Stocks fell on Wednesday as Portugal's credit rating downgrade and a weak Treasury note auction stirred concerns about sovereign debt.
Asia markets mixed early after Wall Street retreat
AP - Asian stock markets were mixed in early trading Thursday, after the Dow Jones industrials slipped following large gains in recent days.
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