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S&P downgrade threats put pressure on EU leaders

A rating agency’s threat to downgrade 15 eurozone countries, including Germany, as well as Europe’s bailout fund has added pressure on the region’s leaders to find a lasting solution to their crisis at a summit this week. Chancellor Angela Merkel on Tuesday downplayed Standard & Poor’s warnings, but the possibility that a downgrade of eurozone… Continue Reading S&P downgrade threats put pressure on EU leaders

U.S. markets fall sharply after S&P downgrade

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The U.S. stock market joined a sell-off around the world today in the first trading since Standard & Poor’s downgraded American debt and gave investors a reason to be anxious. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. It recovered some of those losses, then… Continue Reading U.S. markets fall sharply after S&P downgrade

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U.S. stock futures tumbled Monday amid a rout in global stocks after Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous… Continue Reading US stock futures tumble after S&P downgrade of US

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The U.S. stock market took a big hit amid worries of declines in consumer confidence, lackluster global economic growth and fears of a declining euro. The stocks that took the biggest hits were industrial and technology – widely viewed as riskier stocks. The concerns sent investors to “safety assets,” sending the dollar, gold and Treasurys… Continue Reading Stocks decline on fears of slow global growth

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Springs’ home values hold fairly steady

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Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other… Continue Reading Springs’ home values hold fairly steady

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