WASHINGTON — Since announcing his run for the presidency, Texas Governor Rick Perry (R) has had to fend off allegations of crony capitalism. Such critiques have revealed the governor’s easy relationships with lobbyists, and his awarding campaign donors government contracts and influential positions on state boards. But Perry has also personally profited from these same [...]
SEOUL, South Korea — The Group of 20 leading advanced and emerging economies are vowing to work together to boost the struggling global economy and financial system. The G-20 voiced the resolve in a statement, saying its finance ministers and central bank governors are “committed to a strong and coordinated international response to address the [...]
The stock market plunged on Thursday as investors viewed it as increasingly likely that the global economy is slowing. U.S. stock indexes lost more than 3 percent of their value, as the Dow Jones Industrial Average plummeted 3.51 percent to 10,733.83 and the S&P 500 fell 3.19 percent. With new data pouring in suggesting that [...]
BANGKOK (AP) — World stocks mostly rose Tuesday as investors put aside worries over Europe’s debt crisis to await the outcome of a two-day Federal Reserve meeting that many hope will announce measures to boost U.S. growth. Oil prices rose above $86 a barrel while the dollar strengthened against the yen but slipped against the [...]
NEW YORK — The stock market finished its second-best week in a year Friday as Europe’s debt problems appeared to get closer to a resolution. Stocks ended higher for a fifth straight day, the longest winning streak in 2 1/2 months. The Dow Jones industrial average rose 75 points after Treasury Secretary Timothy Geithner called [...]
BANGKOK (AP) — Asian stock markets rose Thursday after a late-day surge on Wall Street, while the resignation of Steve Jobs — the force behind Apple Inc. — sent ripples through the technology sector. Oil prices hovered above $85 a barrel in Asia. The dollar rose against the euro but dropped against the yen. Asian [...]
NEW YORK — Buyers returned to the stock market Tuesday after deciding the pounding stocks have taken the past month made them too cheap to resist. The Dow Jones industrial average jumped 322 points, its best day since Aug. 11, when it gained 423. The Dow dipped about 60 points shortly after an earthquake hit [...]
NEW YORK (AP) — More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than [...]
NEW YORK (AP) — More evidence of a slowing global economy sent stocks falling Tuesday and threatened to end the market’s three-day rally. Germany’s economy stalled last quarter and dragged down growth for Europe. In the U.S., the economic reports were mixed: Housing remains weak, but factory output rose last month at its fastest pace [...]
NEW YORK (AP) — The debt gridlock in Washington pulled stocks lower Tuesday. Industrial companies fell sharply after 3M and U.S. Steel reported weakness in TV sales and demand for steel. Republican and Democratic lawmakers have offered competing proposals to avoid a catastrophic default on the government’s debt. If an agreement is not reached by [...]
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