This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Business Highlights

___

Illnesses prompt wide Whole Foods cheese recall

NEW YORK (AP) â¿¿ Whole Foods Market Inc. is recalling Crave Brothers Les Freres cheese in response to an outbreak of a bacterial infection that has sickened people in several states and killed at least one.

Whole Foods says the cheese may be contaminated with Listeria monocytogenes. It was sold in 30 states and the District of Columbia under names including Les Freres and Crave Brothers Les Freres. The company is posting signs in its stores to inform customers about the recall.

Public health officials in Illinois say one resident became sick after eating contaminated cheese in May. Minnesota officials say one elderly person in the state died and another was hospitalized after illnesses linked to the cheese.

___

Fitch downgrades Egypt's credit ratings

NEW YORK (AP) â¿¿ Fitch Ratings is downgrading Egypt's credit after the country's military overthrew the civilian government, saying the political situation could get worse and further damage the national economy.

The firm says Egypt's political situation could become even more unstable, hurting its economy and its creditworthiness and making it harder for the country to make reforms that are needed to secure International Monetary Fund assistance.

On Wednesday the Egyptian military ousted President Mohammed Morsi and suspended the Islamist-drafted constitution.

___

China says private banks possible

BEIJING (AP) â¿¿ China on Friday promised sweeping changes to its state-run banking system â¿¿ including allowing the creation of private lenders â¿¿ to support its credit-starved entrepreneurs and curb what regulators worry are growing financial risks.

Analysts including the World Bank say an overhaul of a Chinese banking system that lends little to the private sector is urgently needed to keep economic growth strong. Communist leaders who took power last year have promised to support entrepreneurs who generate new jobs and wealth in China but have yet to make significant changes.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs