Soft consumer electronics demand and a lacklustre FQ2 earnings report at Sony (NYSE:SNE) lead ratings agency Moody’s to cut the company’s debt rating to Baa3 from Baa2, just above junk rating.
Former traders and rate setters at Barclays (NYSE:BCS), RBS (NYSE:RBS), and UBS (NYSE:UBS) are likely to be arrested within a month by UK prosecutors for questioning regarding the LIBOR rates-fixing scandal, according to media reports.
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Spirit Airlines (NASDAQ:SAVE) has raised its top fee for large carry-on bags to $100 each way, against the $45 the airline previously charged for carry-ons declared at the gate. However, flyers who have declared the carry on luggage prior to check-in, that is in advance, will pay only $35.
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