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Chicago Board of Trade › (CBOT:OYM.H12.5000C)

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Today's Financial News

Fitch downgrades Greece amid uncertainty over new government's bailout reforms

2 days ago

ATHENS, Greece (AP) — The ratings agency Fitch has downgraded Greece's sovereign rating amid growing uncertainty over the new government's pledge to overhaul reforms needed to restart bailout loan payments and avoid default. Rescue lenders are expected this weekend to start reviewing reforms overhauled by Prime Minister Alexis Tsipras' new left-wing government.

Realty Income Corp. will replace Windstream on S&P 500 after the close on April 6

2 days ago

NEW YORK (AP) — Real estate investment trust Realty Income Corp. is being be added to the S&P 500 index. S&P Dow Jones Indices said Friday that Realty Income, which owns 4,300 properties in 49 U.S. states and Puerto Rico, will join the broad stock market index the close of trading on April 6. Realty Income, which had been in the S&P MidCap 400, is replacing Windstream Holdings Inc., which is preparing to complete a spinoff. The broadband and communications company is moving its fiber and copper network and some real estate assets into a real estate investment trust, which it will then spin off into a separate company. It expects to complete that process on April 24.

JetBlue pilot who yelled, scared passengers sues airline for $16M for not seeing he was ill

2 days ago

NEW YORK (AP) — A JetBlue Airways pilot who scared passengers by yelling about Jesus and al-Qaida in 2012 has sued the airline for $16 million, saying it jeopardized the flight by failing to recognize he was ill. Clayton Osbon filed the lawsuit Friday in Manhattan federal court. No one was seriously injured on the March 27, 2012 flight from New York to Las Vegas when Osbon was restrained after running through the cabin shouting irrationally.

Brazil police report massive tax fraud scheme that has caused almost $2 billion in losses

2 days ago

SAO PAULO (AP) — The federal police agency said Friday it has begun legal proceedings against companies allegedly involved in a fraud scheme that has cost Brazil's public coffers almost $2 billion in unpaid fines and taxes. A federal police press officer said Friday that more than 50 companies in the industrial, financial and agricultural sectors are being investigated for allegedly bribing officials at the Finance Ministry's tax appeals court to reduce or annul fines on unpaid taxes. He spoke on condition of anonymity because he was not authorized to speak on the matter.

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