World stock markets fell Monday on new worries of a Greek debt default. In the United States, the Dow Jones Industrial Average lost 2.4 percent to close at 10,655. The S&P 500 dropped 2.9 percent to end at 1,099. The NASDAQ fell 3.3 percent to hit 2,336 . European markets closed sharply lower. London’s Financial […]
Global Stock Indexes Plunge on Greek Debt Worries
Posted October 3rd, 2011 at 4:32 pm (UTC-5)
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Obama: US Voters Not “Better Off” Economically
Posted October 3rd, 2011 at 3:45 pm (UTC-5)
U.S. President Barack Obama says he does not think Americans are “better off” economically now than three years ago when he was elected. With the American economy struggling and high unemployment, Mr. Obama said in an Internet interview Monday that he “absolutely” considers himself an underdog against the as-yet unselected Republican presidential nominee in the […]
2011 Nobel Prize in Medicine to Remain Unchanged
Posted October 3rd, 2011 at 3:00 pm (UTC-5)
The Nobel Foundation in Stockholm has announced that the 2011 Nobel Prize for Medicine will remain unchanged despite the death of one of the three laureates, Ralph Steinman. The decision was handed down late Monday following an emergency meeting after it was learned that the Canadian-born Steinman died on Friday following a lengthy battle with […]
Kenyan 2004 Nobel Laureate to be Cremated
Posted October 3rd, 2011 at 2:50 pm (UTC-5)
The family of Wangari Maathai of Kenya has announced the 2004 Nobel peace laureate will be cremated in Nairobi on Saturday. Family spokeswoman Vertistine Mbaya said Monday the cremation is being carried out according to Maathai’s wishes. A tree-planting ceremony will also be held Saturday to commemorate her life. Maathai was Africa’s first woman to […]
Berlusconi Aides To Face Trial For Abetting Prostitution
Posted October 3rd, 2011 at 2:05 pm (UTC-5)
A Milan judge has ordered three of Italian Prime Minister Silvio Berlusconi’s aides to stand trial on charges they allegedly abetted prostitution. The aides — Emilio Fede, Nicole Minetti and Lele Mora — allegedly hired a 17-year-old and other young women for erotic parties at Mr. Berlusconi’s home. They are also accused of establishing contact […]
Red Cross: Afghans’ Access to Health Care Access at Low Point
Posted October 3rd, 2011 at 2:05 pm (UTC-5)
The International Committee of the Red Cross says access to health care is at a low point in conflict-affected areas of Afghanistan. ICRC’s head of operations for South Asia told reporters in Geneva on Monday that many local clinics remain closed because of fighting, attacks on the premises or intimidation of staff. The Red Cross […]
Major Fire Engulfs Texas Chemical Plant, Nearby Schools Evacuated
Posted October 3rd, 2011 at 2:00 pm (UTC-5)
A major fire has engulfed an industrial plant in the U.S. state of Texas, sending large plumes of potentially toxic smoke into the sky. The fire broke out Monday at a chemical plant south of Dallas. Local authorities said all workers had evacuated. They appealed to neighboring communities for additional firefighters to help battle the […]
Panetta: Israeli-Palestinian Negotiations Only Way to Mideast Peace
Posted October 3rd, 2011 at 1:55 pm (UTC-5)
U.S. Defense Secretary Leon Panetta says there is “no alternative to negotiations” between Israelis and Palestinians in securing a peaceful resolution to the Middle East conflict. Speaking at a news conference in Tel Aviv Monday with Israeli Defense Minister Ehud Barak, Panetta urged both sides to take “bold action” to move toward a two-state solution. […]
Global Stock Indexes Plunge on Greek Debt Worries
Posted October 3rd, 2011 at 1:55 pm (UTC-5)
World stock markets fell Monday on new worries of a Greek debt default. In midday trading in the United States, the Dow Jones Industrial Average of 30 key stocks is down 1.4 percent. The broader S&P 500 is off 1.6 percent. The technology-laden NASDAQ is down 1.9 percent. European markets closed sharply lower. London’s Financial […]
World Markets Roiled by New Greek Default Fears
Posted October 3rd, 2011 at 1:40 pm (UTC-5)
World stock markets fell sharply Monday because of new fears that Greece might soon default on its bailout loans from last year. Hong Kong’s Hang Seng exchange dropped more than 4 percent. The London, Paris and Frankfurt markets all slid, as did U.S. stock indexes. Investors moved to sell stocks after the Athens government said […]
