U.S. stock indexes fell sharply in midday trading Friday after the government reported that the American economy added no new jobs in August. The Dow Jones Industrial Average of 30 key stocks is down 1.8 percent, while the broader S&P 500 is off 2.1 percent. The technology-laden NASDAQ is down 2.2 percent. European stocks fell […]
US Stocks Fall Sharply in Midday Trading Friday
Posted September 2nd, 2011 at 1:50 pm (UTC-5)
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Foreign Oil Companies Resume Operations in Libya
Posted September 2nd, 2011 at 12:20 pm (UTC-5)
Libya’s provisional authority says five international energy firms are resuming operations in the country, a critical step in Tripoli’s efforts to rebuild an economy wracked by civil unrest and sanctions. National Transitional Authority member Aref Ali Nayed said Friday the five include the Italian oil giant, ENI. He commented in Paris following a meeting between […]
US Job Growth Stalls
Posted September 2nd, 2011 at 10:30 am (UTC-5)
Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent. Friday’s report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains […]
6 Killed at Protests in Syria
Posted September 2nd, 2011 at 9:45 am (UTC-5)
Syrian forces have opened fire on anti-government protesters, killing at least six people. Rights activists say Friday’s deaths occurred in areas includinge flashpoint central province of Homs. Activists say they are protesting under the banner of “death rather than humiliation” as they renew calls for President Bashar al-Assad’s resignation. One rally took place outside of […]
12 Killed in NW Pakistan
Posted September 1st, 2011 at 5:55 pm (UTC-5)
Pakistani authorities say at least 12 people were killed Thursday in two separate attacks in the country’s volatile northwest. Local police said that in the first attack in the Lakki Marwat district of Khyber-Pakhtunkhwa province, a suicide car bomber blew himself up as he approached a police station. The blast killed the bomber and at […]
Oil Companies Evacuate Gulf Workers Under Storm Threat
Posted September 1st, 2011 at 3:26 pm (UTC-5)
Oil companies began evacuating workers in the Gulf of Mexico ahead of what U.S. forecasters say could become a powerful storm. The National Hurricane Center says a low pressure system over the Gulf could develop into a tropical cyclone in the next two days. The potential threat to oil and gas platforms off the southern […]
US Stocks Down Slightly in Midday Trading Thursday
Posted September 1st, 2011 at 12:45 pm (UTC-5)
U.S. stock indexes fell slightly in midday trading Thursday. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ are all off one-tenth of a percent. European stocks ended mixed. London’s Financial Times index closed up one-half of one percent to end at 5,419. The CAC-40 in Paris advanced three-tenths of a percent to […]
World Leaders Discuss Libya After Gadhafi
Posted September 1st, 2011 at 4:40 am (UTC-5)
World leaders are gathering in France Thursday to discuss Libya’s future after Moammar Gadhafi, as Russia became the latest country to recognize the National Transitional Council as the country’s legitimate authority. The conference in Paris brings together officials from 60 countries, including those that have backed the NTC for months as well as those that […]
Obama Plans Jobs Speech to Congress Next Week
Posted August 31st, 2011 at 10:00 pm (UTC-5)
U.S. President Barack Obama says he will announce plans to promote jobs and economic growth in a speech to Congress on September 8. In a sign of continued fraught relations between the two political parties, the date for the speech was only settled Wednesday after a public disagreement with Speaker John Boehner, the top Republican […]
Syrian Forces Raid Hama, Make Arrests
Posted August 31st, 2011 at 7:50 pm (UTC-5)
Syrian activists and residents say security forces backed by tanks have entered the central city of Hama, making arrests and hunting for leaders behind the five-month, pro-democracy uprising against President Bashar al-Assad. They said hundreds of troops emerged Wednesday from buses parked on the city’s outskirts and searched two neighborhoods, al-Qusour and al-Hamidiya. The soldiers […]
