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Moody’s hits Greece and Slovenia with downgrades

Moody’s credit rating agency issued two credit downgrades in the crisis-hit eurozone on Friday, marking down leading Greek banks by two notches and Slovenian debt by one notch. The agency downgraded the main Greek banks by two notches, citing increased risks of losses on their holdings of Greek debt. Moody’s…

Futures gain as normal Wall St operations expected

NEW YORK (Reuters) – Stock index futures jumped on Monday, signaling a strong open on Wall Street, as investors were relieved to see Hurricane Irene caused less damage than feared in New York City over the weekend. The New York Stock Exchange and the Nasdaq will operate as normal, although…