The euro weakened to its lowest level this year, while stocks and commodities slipped, as an unprecedented levy on Cyprus’s bank savings renewed concern about Europe’s debt crisis. German two-year note yields dropped below zero and rates on U.S. Treasuries fell as gold rose.
Joe Torre and Bernie Williams, the manager and center fielder on four World Series championship teams for the New York Yankees before leaving the club under strained circumstances, will take part in their first Old- Timers’ Day at Yankee Stadium this month.
Roger Clemens and Barry Bonds were snubbed in voting for baseball’s Hall of Fame, adding the game’s two most-decorated players to the list of retired stars bypassed because of links to performance-enhancing drugs.
U.S. stocks fell for a second straight week, driving the Dow Jones Industrial Average to the biggest loss of 2012, as political tension in Greece heightened concern about Europe’s debt crisis and JPMorgan Chase & Co.’s $2 billion trading loss weighed on shares of banks.
J.C. Penney Co.’s creditworthiness is back where it was three years ago in the eyes of derivatives traders as Chief Executive Officer Ron Johnson struggles to revive the fourth-largest U.S. department store chain.
J.C. Penney Co. Chief Executive Officer Ron Johnson is finding it harder to convince bondholders than stockholders that his plan to turn around the fourth- largest department-store chain is “on track.”
The New York Yankees acquired two- time batting champion Ichiro Suzuki from the Seattle Mariners, adding a regular left fielder and speed threat for the rest of the season to replace the injured Brett Gardner.