NEW YORK (Reuters) - Moody’s on Friday downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns." U.S. President Donald Trump’s sweeping tax bill failed to clear a key procedural hurdle on Friday, as hardline Republicans demanding deeper spending cuts blocked the measure in a ...
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said Friday it was approving Verizon Communications (NYSE:VZ)’s $20 billion deal to acquire fiber-optic internet providers Frontier Communications (OTC:FTRCQ) after the largest U.S. telecom company agreed to end its diversity, equity and inclusion programs. Verizon agreed to buy Frontier in September for about $9.6 ...
BERLIN (Reuters) -Lufthansa’s management should be more vigorous in fending off resistance from labour representatives, top investor Klaus-Michael Kuehne was quoted as saying on Saturday, pointing to the airline group’s share price. Lufthansa is counting on lucrative transatlantic routes as it strives to revive its namesake core airline, bogged down by wage talks and high pay, and find new sou ...
By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street’s main indexes rose on Friday for their fifth straight day, buoyed by the U.S.-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment. The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride. The University of Michigan Surveys of C ...