By ALISON MUTLERAssociated Press
BUCHAREST, Romania (AP) - Defying an order to disband, an academic panel ruled Friday that Romanian Prime Minister Victor Ponta plagiarized large sections of his doctoral thesis and called for him to be stripped of his Ph.D. The announcement adds
NEW YORK (AP) - Alcoa is selling its 351-megawatt Tapoco hydroelectric project to power provider Brookfield Renewable Energy Partners for about $600 million.
Tapoco is a four-station hydroelectric project located on the Little Tennessee and Cheoah rivers in
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - A measure of U.S. consumer sentiment fell in June to the lowest level for 2012, dragged down by a sluggish job market and weak growth.
The Thomson Reuters/University of Michigan index of consumer
By DANIEL WOOLLSAssociated Press
MADRID (AP) - Spain's Prime Minister Mariano Rajoy hailed an accord Friday that allows the euro countries to bail out banks directly rather than via debt-laden governments as a road map toward shoring up the 17-nation eurozone after more than
By CHRIS KAHNAP Energy Writer
NEW YORK (AP) - Oil soared the most in more than three years after European leaders took surprisingly aggressive steps to halt a debt crisis that has undermined confidence in the global economy.
Benchmark U.S. crude jumped by $7.27
MOSCOW (AP) - Russian gas giant Gazprom may extend its Baltic pipeline project to reach Great Britain, the Kremlin-controlled company's chief executive said Friday.
The Nord Stream pipeline is Gazprom's multi-billion offshore project that ferries Russian
By DANIEL WAGNERAP Business Writer
Financial markets around the world stormed higher Friday after European leaders came up with a breakthrough plan to rescue banks, relieve debt-burdened governments and restore investor confidence.
The Dow Jones industrial
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - U.S. consumers spent no more in May than in April after seeing almost no gain in their pay. The lack of growth in consumer spending and wages suggests that a faltering job market is slowing the economy.
NEW YORK (AP) - Stock futures are rebounding sharply after European leaders appeared to take decisive action on debt issues that have threatened to spread across the continent.
Markets had grown increasingly dubious about the ability or willingness of the
By ROBERT BARRAssociated Press
LONDON (AP) - The chief executive of Barclays says the bank submitted false data on borrowing costs during the credit crisis in 2007 and 2008 to protect its reputation from suspicions that it was in trouble, a decision he says was wrong