By DANIEL WOOLLSAssociated Press
MADRID (AP) - Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - A burst of enthusiasm over a rescue of Spanish banks melted away Monday within hours, and investor anxiety about the troubled finances of Europe grew on both sides of the Atlantic.
On Wall Street, stocks opened
By SARAH DiLORENZOAP Business Writer
BRUSSELS (AP) - A global market rally over a promised European bailout of Spanish banks faded on Monday, as investors worried the country might have trouble paying the money back.
Finance ministers from the 17 countries that
By DANIEL WAGNERAP Business Writer
A bailout of the crippled banks of Spain should relieve world financial markets and provide a lift for stocks in the United States, which have had a rocky six weeks because of investor concern about Europe.
But any boost will
By RAPHAEL SATTERAssociated Press
LONDON (AP) - Britain's Treasury chief has warned that uncertainty over the future of Europe's single currency is threatening to keep his country from returning to economic growth.
In an article published in the Sunday
By HAROLD HECKLEAssociated Press
MADRID (AP) - Spain's economic fortunes have gone from boom to deep financial crisis over the past decade. Here are the main developments:
BIRTH OF THE EURO
-Spain is one of 12 countries that joined the
SPOKANE, Wash. - On Friday morning the Spokane Police Special Investigative Unit executed an undercover drug bust in north Spokane.
They arrested 53-year-old Daniel Inwood on multiple charges. They executed a search warrant on the home at 559 East Crown and found nearly a pound of heroin
By MARTHA IRVINEAP National Writer
CHICAGO (AP) - Anna Schiferl hadn't even rolled out of bed when she reached for her cell phone and typed a text to her mom, one recent Saturday. Mom was right downstairs in the kitchen. The text? Anna wanted cinnamon rolls for breakfast