BOSTON ( TheStreet) -- Fitch Ratings' downgrade of bank stocks like Citigroup ( C) and Goldman Sachs ( GS) leads your quick fix of company, market, economic and investing news for Friday, Dec. 16.
Friday's 5 Biggest Stories
Fitch Ratings cut the ratings on seven banks Thursday. Nobody was surprised. Reuters Give it up for Congress! Our lawmakers actually avoided a government shutdown again this year! NYT By my count, it was the 782nd debate between the GOP presidential candidates last night, and the last before the Iowa caucuses. CNNSpanish and Italian government notes are surging on speculation the ECB will offer three-year loans next week. BloombergUnited Rentals ( URI) ponies up $1.9 billion to buy RSC Holdings ( RRR) WSJ
Quote of the Day
"Historically, short-sellers have tended to be right a surprising amount of the time, at least in cases where the company grew upset enough to publicly complain," New York Times reporter Floyd Norris writes in an article questioning the curbing of short sales. NYT
After a weak outlook from Research In Motion ( RIMM), investors want co-CEOs' heads to roll. Paid ContentZynga ( ZNGA) raises $1 billion with its IPO. That's gonna buy a lot of cows in Farmville. How good is the CEO change for Amgen ( AMGN)? Goldman Sachs analysts have removed their "sell" rating already. Street Insider Speaking of CEO turnover, New York Times ( NYT) Chief Executive Janet Robinson is leaving the paper at year-end. NYT More rumors of an Apple ( AAPL) iPad Mini coming in 2012. Digitimes
Why the collapse of MF Global makes no sense. Bloomberg The U.S. economy may be on the mend, but the warning signs keep piling up for China. WSJ
Why now is the time to buy U.S. equities. Sober Look Can bond king Bill Gross stop investor outflows from his fund? Reuters
Odds and Ends
Journalist and political critic Christopher Hitchens has died at the age of 62. BBC Self-promotion alert: Check out my NFL picks against the spread for Week 15. TheStreet Happy Friday! Here's a video from Bloc Party to bring you into the weekend. YouTube-- Written by Robert Holmes in Boston. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.