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Moody's Warns More Credit Downgrades Are Coming

The U.S. rating agency Moody's announced Thursday morning more downgrades are on the horizon — this time for nearly 20 global banks and dozens of additional European firms. Names like Morgan Stanley and UBS could see their long-term credit ratings affected. It's another indicator of the wide reach of Europe's debt crisis.
NPR

Frustrations Mount As Greece Waits For Bailout

Greece has pushed itself to the edge of chaos with austerity measures, and Europeans officials say it's still not enough. The Greeks need more European help — $170 billion to avoid default next month.
NPR

Apple Urged To Fix Apps That Access Address Books

Apple is under pressure by consumers and lawmakers on Capitol Hill to enforce its rules when it comes to iPhone apps that upload users address books. Several social media apps, such as Facebook and Twitter, can gain access to a phone's address book, and users often aren't warned what's happening.
NPR

House Republicans Mull Ways To Fund Public Transit

It's estimated the nation faces a $3 trillion backlog in unmet road and transit needs. Since the Reagan administration, public transit has been funded from the same revenue stream as roads and bridges. Now there's a movement to fund public transit with revenue sources other than the gas tax.
NPR

Kellogg Picks Up A Snack From Procter & Gamble

Kellogg, the name behind many offerings in the cereal aisle, will now have its name on cans of Pringles. It has purchased the potato chip brand from Procter & Gamble for $2.7 billion.
NPR

BP's Oil Slick Set To Spill Into Courtroom

Testimony in one of the most complex environmental lawsuits ever to reach trial is scheduled to begin at the end of the month. Shrimpers, waiters, housekeepers and others have joined in a federal lawsuit to determine who is responsible for the 2010 Gulf oil spill and how to compensate those affected.
NPR

Retirement Communities Find Niche With Gay Seniors

As gay and lesbian people age, finding suitable retirement housing can be a unique challenge. Some facilities allow only married couples to live together, and many gay seniors fear a cold shoulder from staff or fellow retirees. Now, some retirement homes have begun catering specifically to LGBT seniors.

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