Cantor junk
Cantor Fitzgerald, the investment bank planning to add 800 people, was cut to junk by Moody’s as the ratings company said the expansion has failed to sufficiently boost profit.
Cheerier
Consumer confidence in the US climbed for a sixth straight week, the longest such stretch since early 2006, as Americans grew more secure about their finances.
Brewing
A wave of new single-serve coffee brewers is coming to market in the US, offering consumers more choices and stepping up pressure on market leader Keurig and its parent company, Green Mountain Coffee Roasters.
Google deal
Google announced a settlement of a lawsuit with five publishers over the digital scanning of books. The deal doesn’t resolve litigation by authors.
Railroaded
Warren Buffett’s purchase of Burlington Northern Santa Fe in 2010 should have been reviewed by US railroad regulators because Berkshire Hathaway owned two smaller carriers at the time, said Senator Jay Rockefeller.