Moody's Investors Service downgraded RadioShack bonds, saying the electronics retailer's outlook remains negative due to "a precipitous drop in profitability as its business mix is skewed towards the higher competitive mobility business and low-margin smart phones." About $600 million in debt is affected by the ratings.
-- Star-TelegramAdditive hazards known,engineer testifiesA former Exxon Mobil engineer testified Monday that environmental hazards surrounding the gasoline additive MTBE were widely discussed in water quality and oil industry circles in the mid-1980s, contradicting New Hampshire's allegations that the oil giant hid its concerns about the product. Barbara Mickelson was the first witness as lawyers for Exxon Mobil Corp. began presenting their defense against the state's claim that it is owed hundreds of millions of dollars to clean up groundwater contamination.-- The Associated PressHave more to add? News tip? Tell us
