Business News

• Ford gets second investment-grade nod from Moody's May 23, 2012
  DETROIT (Reuters) - Ford Motor Co received its second "investment grade" credit rating on Tuesday, allowing the second-largest U.S. automaker to reclaim its Blue Oval insignia and other assets it mortgaged in 2006 to fund its turnaround plan. […]
• SEC dealt blow in financial-crisis case May 23, 2012
  WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac Bancorp. […]
• BOJ on hold, keeps powder dry as Europe clouds darken May 23, 2012
  TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday, saving ammunition for later in case Europe's deepening debt crisis warrants further supportive action to shield the fragile economy. […]
• China to boost private energy investment to bolster economy May 23, 2012
  SHANGHAI/BEIJING (Reuters) - China signaled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat the nation's slowing economy. […]
• SEC, FINRA to review Facebook issues, Nasdaq sued May 23, 2012
  (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. […]
• World Bank cuts China forecast, urges measured policy May 23, 2012
  BEIJING (Reuters) - The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. […]
• Golden age or bubble? Plane-makers walk the line May 23, 2012
  CHICAGO (Reuters) - From a chilly perch in Burnsville, Minnesota, Tim Zemanovic has an usual perspective on the global aircraft market, which is booming - some say overheating - as the world's largest plane-makers pump out jets as fast they can. […]
• Wall Street ends flat after late volatility May 23, 2012
  NEW YORK (Reuters) - Stocks closed mostly flat on Tuesday after volatility late in the session, with weakness in materials and energy shares offsetting strength in financials. […]
• SAP to buy Ariba, boosts cloud bet May 23, 2012
  SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. […]
• Gupta jury hears competing views of Rajaratnam ties May 22, 2012
  NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers. […]