BOSTON ( TheStreet) -- The Moody's downgrade of six European countries leads your quick fix of company, market, economic and investing news for Tuesday, Feb. 14.
Tuesday's 5 Biggest Stories
Moody's downgrades Portugal, Italy and Spain and cuts the outlook for the U.K. and France. The market yawns. AP via AJC Despite the downgrade, Spain easily auctions $7 billion in short-term debt. CBSItaly even managed to auction off 12 billion euros as rates declined. Businessweek Even the Germans feel pretty good about things, with investor confidence at a 10-month high. BloombergObama's 2013 budget is out, and it looks like the president is settling in for an election-year tax fight. Reuters
Apple ( AAPL) is working on a tablet with a smaller screen. WSJ Meanwhile, the IPad 3 is set to launch on March 7 and it will feature 4G LTE wireless speeds. Mac RumorsRackspace ( RAX) is trading higher after beating fourth-quarter estimates. Barron'sBoeing ( BA) gets a big Indonesian order for 230 planes. WSJ
You can't forget about Greece, though, especially with its rapidly shrinking economy, contracting at an annual rate of 7%. WSJ
Investors should take a look at the best and worst mid-cap growth funds. MarketWatch