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Moody's cited fears the country will have difficulty meeting its deficit reduction goals and underlining expectations the country will be forced to seek a bailout from the EU.

Uncertainty plagues the country after its minority government fell apart as it was attempting to win parliamentary support for a fourth round of austerity measures, setting up a June 5th general election.

"Moody's be

Moody's Investors Service delivered another blow to the credit rating of Portugal's government bonds, cutting its rating to Baa1 from A3, and putting the rating on review for a further possible cut.

The European Commission ordered ING to nearly halve its balance sheet by selling its global insurance arm and some smaller banking assets, including its direct banking business in the U.S., as a condition for receiving state funds

ING (ING) opens lower after giving up its resistance to the forced sale of its ING Direct operations in the U.S., according to Dow Jones.

The ruling is a huge win for the American aerospace giant, and a blow to its archrival EADS, the parent company of Airbus.

J. Michael Luttig, Boeing executive vice president and general counsel, said, "This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing.

The World Trade Organization ruled Thursday that Boeing Co (NYSE:BA) has received about $2.7 billion in illegal subsidies from the federal government over the last several decades.

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.

The Wall Street Journal reports NRG Energy (NRG) CEO David Crane said the power company's plans to build two big reactors at its South Texas nuclear plant could be delayed or canceled in light of earthquake-related failures at a J

Welcome to the Financial News Network Options Report. On the call side, Nuance Communications is seeing 11.5 times the normal amount of calls today news that the company is forming a partnership with IBM. Southwest Airlines shares

The European Commission has approved under the EU Merger Regulation the proposed acquisition by Intel (INTC) of McAfee (MFE), a vendor of information technology security. The approval is conditional upon a set of commitments ensur

The company has had a number of pre-submission meetings with European Union National Agencies and is awaiting data from the IMPACT study, which it hopes will be sufficient to get regulatory approval in the E.U. DNDN anticipates a

The company will host a conference call at 9:00 a.m. ET to review additional details.

Dendreon (DNDN) announced today its updates regarding its European strategy for PROVENGE, as well as its U.S. commercialization of PROVENGE and progress on its pipeline.