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US, European Markets Fall in Friday Trading

Posted September 30th, 2011 at 10:30 am (UTC-5)
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U.S. and European stock indexes dropped sharply Friday. The Dow Jones Industrial Average is down more than one percent in early trading, while the S&P 500 is off 1.5 percent. The NASDAQ is down 1.6 percent. European stock markets were sharply lower in afternoon trading. London’s Financial Times 100 index is down 1.8 percent. The […]

Tags: , , , Posted in Economy, Europe

Europe Moves Closer to Bigger Bailout Fund

Posted September 30th, 2011 at 9:55 am (UTC-5)
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Europe moved closer Friday to adopting a bigger bailout fund to assist debt-ridden countries, with Austria the latest country to approve its expansion to $593 billion. Austria became the 14th of the 17 nations that use the euro currency that need to approve the expanded fund before it can take effect. Austria’s approval came as […]

Tags: , , , Posted in Economy, Europe

Stocks Higher, Dollar Stronger

Posted September 29th, 2011 at 5:55 pm (UTC-5)
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After a day of sharp swings U.S. stock indexes closed higher Thursday. The Dow Jones industrial average ended with a gain of 143 points, 1.3 percent, to close at 11,154. The Standard & Poor’s 500 index rose 9.34 points, or 0.8 percent, to 1,160. The Nasdaq composite index lost 10.82 points, or 0.4 percent, to […]

Tags: , , , Posted in Economy

German Parliament Approves Increase in Bailout Fund

Posted September 29th, 2011 at 2:45 pm (UTC-5)
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German lawmakers have approved a bill to increase the size of a bailout fund for struggling eurozone countries. The lower house of parliament voted to expand the fund to $593 billion on Thursday. The vote was seen as a key test of German Chancellor Angela Merkel’s center-right coalition. The $593 billion figure was agreed to […]

Tags: , , , Posted in Europe

German Parliament Approves Bill to Increase Bailout Fund

Posted September 29th, 2011 at 12:51 pm (UTC-5)
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German lawmakers have approved a bill to increase the size of a bailout fund for struggling eurozone countries. The lower house of parliament voted to expand the fund to $593 billion on Thursday. The vote was seen as a key test of German Chancellor Angela Merkel’s center-right coalition. The $593 billion figure was agreed to […]

Tags: , , , Posted in Europe

US Economy Grew Slightly Faster in Second Quarter

Posted September 29th, 2011 at 10:00 am (UTC-5)
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The U.S. government says the country’s sluggish economy grew a bit faster than first estimated in the second quarter of the year, but still not fast enough to reduce the country’s high unemployment rate. The government said Thursday that the nation’s economic output advanced 1.3 percent in the April-to-June period, up from the previous estimate […]

Tags: , , , Posted in Economy, US

US Economy Grew Slightly Faster in Second Quarter

Posted September 29th, 2011 at 10:00 am (UTC-5)
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The U.S. government says the country’s sluggish economy grew a bit faster than first estimated in the second quarter of the year, but still not fast enough to reduce the country’s high unemployment rate. The government said Thursday that the nation’s economic output advanced 1.3 percent in the April-to-June period, up from the previous estimate […]

Tags: , , , Posted in Economy

EU Calling for More Unity in Debt Crisis

Posted September 28th, 2011 at 5:45 pm (UTC-5)
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The European Union is calling for more unity to deal with the continent’s debt crisis. European Commission President Jose Manuel Barroso says the crisis is a test of Europe’s ability to respond to a challenge and more discipline is needed among the 17 nations that use the euro currency. He predicted debt-plagued Greece would remain […]

Tags: , , , Posted in Economy, Europe

US Stocks Mixed in Midday Trading Wednesday

Posted September 28th, 2011 at 12:51 pm (UTC-5)
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U.S. stock indexes are mixed in midday trading Wednesday. The Dow Jones Industrial Average is up three-tenths of one percent, while the broader S&P 500 is virtually unchanged from Tuesday’s close. The NASDAQ is down one-tenth of a percent. European stock prices fell. London’s Financial Times index dropped 1.4 percent to end at 5,218. The […]

Tags: , , , Posted in Economy

US Stocks Advance in Early Wednesday Trading

Posted September 28th, 2011 at 10:15 am (UTC-5)
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U.S. stock indexes opened higher on Wednesday. The Dow Jones Industrial Average is up one percent and the broader S&P 500 is up by seven-tenths of a percent. The NASDAQ is ahead eight-tenths of one percent. European stock prices are mixed in afternoon trading. London’s Financial Times index is down eight-tenths of one percent, with […]

Tags: , , , Posted in Economy

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