Wednesday, September 14, 2011

Wall Street: Gold down, stocks down, European banks downgraded

WallStreet-GettyImages-StanHonda

Gold: Trading at $1,821.04, down from $1,830.10 on Tuesday. Dow Jones industrial average: Down 73 points to 11,032.43, weighed down by more bad news on European banks.

European banks. Moody's Investors Service downgraded two of Europe's largest banks on worries about their exposure to Greek debt.

Gulf oil spill. A federal probe blames BP and its contractors for the April 2010 explosion that resulted in the worst offshore oil spill in U.S. history.

Wal-Mart and women. The retailing behemoth is expected to announce new steps to boost female-owned businesses.

Lehman Bros. British bank Barclays made a good deal when it bought the investment-banking arm of the defunct Lehman, one writer argues.

-- Walter Hamilton

Photo credit: Stan Honda / Getty Images

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