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Moody's Cuts BP Credit Ratings

Move echoes that of Fitch Ratings earlier in the week.

 

U.S. Stocks Firm, Led by Caterpillar

U.S. stocks edged higher, bolstered by U.S. Federal Reserve Chairman Ben Bernanke's comments that the economy is unlikely to slide into a second recession, but worries about European finances persisted after Fitch Ratings warned that the U.K. faces budget challenges.

 

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