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S&P downgrades SoftBank to 'junk' status, shares slide

2013-07-08 12:13:13| Telecom - Topix.net

Standard & Poor's cut SoftBank Corp's debt rating two notches to "junk" grade, citing financial risks from its $21.6 billion purchase of U.S. wireless carrier Sprint Nextel Corp and Sprint's proposed buyout of Clearwire Corp .

Tags: status shares slide junk

Bank of America Downgrades Air Products & Chemicals to Underperform

2013-07-06 04:19:41| Chemicals - Topix.net

They currently have a $90.00 price objective on the stock. Bank of America's target price points to a potential downside of 2.05% from the company's current price.

Tags: to products air america

Analyst Downgrades: AK Steel Holding Corporation, United States Steel Corporation, and Alcoa Inc

2013-07-04 00:44:41| Steel - Topix.net

Elsewhere, data from the International Securities Exchange , Chicago Board Options Exchange , and NASDAQ OMX PHLX shows a 10-day put/call volume ratio of 1.85 for AK Steel Holding Corporation , conveying puts bought to open have nearly doubled calls during the last couple of weeks.

Tags: inc united states united states

Gartner downgrades 2013 global IT spending forecast on currency shifts

2013-07-02 20:33:13| InfoWorld: Top News

Gartner has lowered its expectations for growth this year in global IT spending, saying it will rise 2 percent to $3.7 trillion. Earlier this year, the analyst firm predicted 2013 growth of 4.1 percent. The reduction "mainly reflects the impact of recent fluctuations in U.S. dollar exchange rates," Gartner said Tuesday.

Tags: global currency spending forecast