By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - Europe's latest efforts to quell its financial crisis left investors exasperated Monday, causing steep losses in stock markets on both sides of the Atlantic.
The Dow Jones industrial average dropped 138
By PABLO GORONDI
The price of oil fell below $79 a barrel Monday due to concerns over Europe's economic and financial woes. The drop was limited somewhat by a supply disruption from a storm that shut down about a quarter of crude output in the Gulf of Mexico
LONDON (AP) - U.S. ratings agency Fitch has downgraded Cyprus to "junk" status, prompted by the amount of rescue money that would be needed to bail out its banks, which are heavily exposed to the Greek economy.
It lowered the rating for the country - one of the
BEIJING (AP) - Nissan Motor Corp. says it will spend up to $800 million on a new factory in China's northeast as part of efforts to expand sales in the world's biggest auto market.
The Japanese automaker said Monday the factory in Dalian will have a
By ADAM SCHRECKAP Business Writer
DUBAI, United Arab Emirates (AP) - The Abu Dhabi Investment Authority believes the world economy offers opportunities for it and other patient investors, despite an uncertain outlook, the government-run fund's managing director said in a
By ALEX KENNEDYAssociated Press
SINGAPORE (AP) - Oil fell to near $79 a barrel Monday in Asia as Europe's economic woes offset a supply disruption from a storm that shut down about a quarter of crude output in the Gulf of Mexico.
Benchmark oil for August delivery was down 38 cents at $79.38 a
By KELVIN CHANAP Business Writer
HONG KONG (AP) - World stocks fell Monday as investors grew cautious ahead of a critical European Union summit later this week where Greek leaders will attempt to renegotiate some terms of the country's international bailout
By SELCAN HACAOGLUAssociated Press
ANKARA, Turkey (AP) - NATO will hold emergency talks on Tuesday to discuss Syria's downing of a Turkish jet fighter, but the alliance is not expected to take military action, even if it confirms Turkey's claim that the unarmed plane was
BEIJING (AP) - A Chinese spacecraft carrying three astronauts docked manually with an orbiting module on Sunday, a first for the country as it strives to match American and Russian exploits in space.
The Shenzhou 9 capsule's maneuver with the Tiangong 1
By SHARON COHENAP National Writer
CARROLL, Iowa (AP) - In the swaying curtain of green fields outside town, Russ Ranniger hums along in his Deere tractor, plowing the same soil his father did, sleeping in the same 1881 wood-frame house he was carried into as a newborn 60 years