Standard & Poor’s

Traders work on the floor of the New York Stock Exchange (NYSE) on August 24, 2015 in New York City. As the global economy continues to react from events in China, markets dropped significantly around the world on Monday. The Dow Jones industrial average briefly dropped over 1000 points in morning trading.  (Photo by Spencer Platt/Getty Images)

U.S. Stocks Surge After China Cuts Rates To Help Economy

Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world’s second-largest economy.

08/25/2015

Money

Standard & Poor’s Downgrades New Jersey’s Bond Rating To A-Plus

Standard & Poor’s announced its action Wednesday, saying the state still has a structural deficit even as the economy is improving.

04/09/2014

(credit: CBS 2)

Officials: Flooding Likely Sparked Electrical Fire In Financial District Building

Fire officials were investigating Saturday morning after a blaze broke out at a storm-damaged skyscraper in Lower Manhattan.

11/24/2012

(credit: CBS 2)

Fire Breaks Out At Financial District Building Damaged By Sandy

A fire broke out Friday morning at an office skyscraper in Lower Manhattan that was badly damaged by Superstorm Sandy.

11/23/2012

New York State Thruway Toll Plaza at Tappan Zee Bridge (file / credit: Google Maps)

S&P Downgrades NY Thruway, Warns Of Higher Tolls

Standard & Poor’s said it has reduced its outlook on bonds to finance the state Thruway Authority to negative from stable. The ratings agency also said “aggressive” toll increases may be needed.

06/13/2012

NJ Gov. Chris Christie (credit: Jessica Kourkounis/Getty Images)

Fitch Downgrades NJ Bonds; Gov. Christie Says Downgrade In Line With Moody, S&P Rating Cuts

Fitch Ratings has downgraded New Jersey’s general obligation bonds to AA- from AA.

08/18/2011

President Barack Obama (credit: Jewel Samad/AFP/Getty Images)

President Obama: Washington ‘Must Do Better’ In Addressing Debt

Administration officials privately called S&P’s analysis flawed. But Obama himself refrained from comment as he spent the weekend at Camp David.

08/06/2011

Traders work on the floor of the New York Stock Exchange. (AP Photo)

Stocks Sink After S&P Issues Warning On U.S. Debt

A warning from Standard & Poor’s that the agency might lower its rating on U.S. government debt sent stocks on their worst slide in a month Monday.

04/18/2011

Traders work on the floor of the New York Stock Exchange. (AP Photo)

Japanese Nuclear Crisis Rattles Financial Markets; Dow Has Biggest Drop Since August

Stock indexes lost 2 percent and gave up nearly all of their gains for the year Wednesday. All 10 company groups that make up the Standard & Poor’s 500 index fell.

03/16/2011