credit

It also revised its outlook on the long-term rating to negative from stable.

The revised outlook reflects the U.S.'s "very large budget deficits and rising government indebtedness" relative to its triple-A peers.

Standard & Poor's Ratings Services affirmed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the U.S., according to a Bloomberg report.

One of America's premier home-builders, KB Home (NYSE:KBH), reported a Q1 loss today of $1.49 per share, a much wider loss than the expected $0.27 per share.

The ratings agency said that its upgrade was based on the company's improvement in same-store sales, earnings and credit metrics over the past two years.

Fitch Ratings upgraded the long-term issuer default rating of Dillard's (NYSE:DDS) to BB from BB- with a stable outlook.

Financial shares are lower in mid-day trading, while Citigroup (C) is also pointing to the downside, despite plans to change the way it clears customer checks. In an internal memo, the bank said it will process checks starting wit

The revised 2010 results will take the company to a loss from a profit for the year.

Office Depot reported that the Internal Revenue Service has, "denied its claim to carry back certain tax losses to prior tax years under economic stimulus-based tax legislation enacted in 2009, which claim was made after the compa

The company said the decision, "

Shares of Office Depot (NYSE:ODP) are down big in pre-market trading, after the company announced late Thursday that it is restating its full year 2010 results to reflect an IRS decision on its tax credits.

Finding out the exact names and numbers will take some time, as the Fed released 894 individual PDF files totaling over 25,000 pages.

The lending peaked at $111 billion on October 29th, 2008, as credit markets nearly froze in the wake of the bankruptcy of Lehman Brothers.

In the Fed's nearly 100-year history, the central bank has never before released data relating to the discount window.

The Federal Reserve disclosed today which banks borrowed from its discount window and how much, during the period from August of 2007 to March of 2010.

J.P.

Delta Air Lines (NYSE:DAL) the world's second largest air carrier, is seeking $2.6 billion in loans to refinance debt, according to a Bloomberg report.

Standard and Poor's Ratings Services cut Portugal's sovereign credit rating to BBB- from BBB on Tuesday, leaving it just one level above junk status.