Standard and Poor's

Oil futures fell on Monday, after new concerns arose over the continuing European debt saga. In Spain, the ruling Spanish Socialist party suffered heavy losses in local elections. The conservative Popular Party gained a foothold in many traditionally Socialist districts. The Spanish people are...

Standard and Poor's threatened to cut Japan's sovereign rating on Wednesday, noting that the escalating cost of last month's devastating earthquake and tsunami will damage the country's already shaky public finances. "We revised the outlook on the long-term rating on Japan to negative to reflect...