The state of Illinois is hoping investors will snap up $800 million worth of bonds next week. The investment world has not looked kindly on Illinois bonds in recent years as the state has struggled with a mountain of debt.
Updated 8/8/11 at 4:00p.m.CTThe Dow Jones Industrial Average posted one of its biggest single day losses in history Monday as the Dow dipped below the 11,000 mark for the first time since October, 2010. Similar declines were posted on the S&P 500 and the Nasdaq, each of whi
On Monday Standard & Poor's came down hard on the long-term credit outlook of the U.S. S&P rates the ability of companies and governments to repay their debt — and the higher the rating, the lower the interest they have to pay on any borrowed funds.