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Bahrain's Arcapita Files For U.S. Bankruptcy Protection

Bahrain investment house Arcapita has filed for bankruptcy protection in the United States after it was unable to reach a $1.1 billion debt repayment with creditors, it said on Monday.

Moody’s Could Downgrade Global Investment Banks -- Nomura

U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.

Arizona Snow Storm 2012: Arizona Hit by Mega Snow Storm[PHOTO+VIDEO]

A winter storm and high winds struck parts of Arizona and New Mexico on Sunday, causing hazardous driving conditions, power outages and school cancellations.