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BRUSSELS—Spain and Italy suffered debt downgrades Friday, triggering a retreat in the euro as European governments scrambled to develop a common approach to restoring confidence in the region’s banks. Fitch Ratings surprised financial markets by downgrading Spain two notches to double-A-minus, citing an intensifying crisis in the euro zone and the expectation of growth [...]
On Tuesday, when the Standard & Poor’s 500-stock index sank below 1100, market pundits were champing at the bit to declare that a bear market had officially begun. They had to eat their words before they could say them, as the market promptly jumped up by more than 5% by week’s end. Those who [...]
Will there be another? It’s a bit absurd to try to identify “the next Steve Jobs.” Two decades ago, Mr. Jobs himself wouldn’t even have qualified. Exiled from Apple Inc., Mr. Jobs was then hoping to revive his struggling computer maker, NeXT Inc. But just as Mr. Jobs followed Henry Ford and Thomas [...]
The Internal Revenue Service last week clarified a provision of the estate tax affecting people who die in 2011 and 2012. The good news: The paperwork process is now clearer for surviving spouses. But the new rules could pose problems for some. Last December, Congress reinstated the estate tax after allowing it [...]
Stocks finished lower and the Dow Jones Industrial Average snapped a three-day winning streak, as financial stocks fell and Europe’s sovereign-debt problems overshadowed a stronger U.S. employment reading. The Dow Jones Industrial Average declined 20.21 points, or 0.2%, to 11103.12, following a streak of three straight triple-digit gains. Despite Friday’s loss, the blue-chip [...]
Reuters - Investors tiring of the euro zone’s debt crisis dragging the market all over the place are hoping to focus on something else next week — earnings.[Read more...]
Photo: PA By Rowena Mason 11:34PM BST 07 Oct 2011 Comments The £5bn plan – creating a hub known as Heathwick – [...]
The funeral for Steve Jobs, Apple Inc.’s co-founder, is taking place Friday, according to a person familiar with the matter. The funeral is characterized as a small private gathering, this person said. The person wouldn’t say where or when the event was taking place, citing respect for Mr. Jobs and his family’s privacy. [...]
The Chancellor pledged to use ‘all the tools available’ to tackle the current economic crisis Photo: PA By Robert Winnett, Deputy Political Editor 11:12PM BST 07 Oct 2011 Comments George [...]
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‘Serious questions’ over NZ spill
Libyans claim gains in Gadhafi hometown offensive
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Fierce street fighting in Sirte
Snipers in last-ditch bid to defend Gaddafi hometown
(Reuters)
FBI searches for missing Mo. baby in Kan. landfill
(AP)
Libyans face heavy resistance in Gadhafi hometown
(AP)Snipers slow government attack on Gaddafi hometown
(Reuters)
Libyan government forces launch big assault on Sirte
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Libya troops renew Sirte assault
Doubtful social conservatives giving Romney chance
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Libya troops renew push for Sirte
Split in cultural conservatives could help Romney
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Tank fire hits Gaddafi stronghold
Discord Riddles Libyan Factions
Spain’s, Italy’s Ratings Cut~RS~q~RS~~RS~z~RS~06~RS~)
Libya battle hits heart of Sirte
Nobel honors African, Arab women for peace
(Reuters)