Cantor Fitzgerald Downgraded

Cantor Fitzgerald LP had its credit grade cut to one level above junk by Standard & Poor’s as competition and the brokerage’s expansion plans pressure income, according to the ratings company.
Putin Takes a Pay Cut as Approval Rating Rises to 85%
01:37 - EU ministers reviewed the status of sanctions against Russia at a meeting in Riga, Latvia while Russian President Vladimir Putin announced a cut in his pay as his approval rating rose to 85 percent in a new poll. Bloomberg’s Henry Meyer reports on “The Pulse.” (Source: Bloomberg)
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