Standard & Poor’s boosts New Orleans’ bond rating to investment grade, move key to bond saleNEW ORLEANS — Standard & Poor’s Ratings Services has boosted its bond rating for the city of New Orleans to investment grade, significant for the city as it continues recovering from Hurricane Katrina. Japan to submit record supplementary budget for $154 billion stimulus packageTOKYO — Japan will submit a record extra budget to finance its massive stimulus package aimed at lifting the world’s second-largest economy out of the deepest recession since World War II, officials said Tuesday. |