By GREG KELLERAP Business Writer
PARIS (AP) - World stock markets mostly rose Wednesday ahead of the U.S. Federal Reserve's decision to extend Operation Twist, its program intended to lower long-term interest rates in a bid to boost growth and employment.
By MAE ANDERSON and MICHELLE CHAPMANAP Business Writers
NEW YORK (AP) - Procter & Gamble Co. on Wednesday lowered its fourth-quarter earnings and revenue forecasts, the latest company to sound warning bells about slowing global economic growth.
MADRID (AP) - Moody's ratings agency says it is downgrading its credit grade for Spanish telecommunications giant Telefonica, citing concern over the country's ailing economy.
Moody's says in a statement Wednesday it was cutting Telefonica S.A.'s
LOS CABOS, Mexico (AP) - Italian Premier Mario Monti has proposed using the eurozone's €440 billion ($555 billion) bailout fund to buy sovereign debt and ease pressure on Italian and Spanish borrowing rates.
Monti told a briefing at the close of the Group of
By ROBERT BARRAssociated Press
LONDON (AP) - The Bank of England's Monetary Policy Committee came within one vote of backing more monetary stimulus for the economy at its meeting earlier this month, reinforcing expectations that a fresh injection could come in July
By ELENA BECATOROS and NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Greek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country's international bailout commitments
By CIARAN GILESAssociated Press
MADRID (AP) - Spain's finance minister insisted again Wednesday that the country does not need a full-blown bailout, even as the country's sky-high borrowing costs remained at dangerous levels.
The interest rate, or yield
By LOUISE NORDSTROMAssociated Press
STOCKHOLM (AP) - Swedish fashion retailer Hennes & Mauritz AB on Wednesday reported a better-than-expected result for the second quarter, with profits soaring nearly 23 percent thanks to successful sales of its spring clothing lines as
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The Federal Reserve, meeting at a time of heightened uncertainty, is expected to provide further support for a slumping U.S. economy. But there is no consensus over what form the added support will take
By MARK SHERMANAssociated Press
WASHINGTON (AP) - Just a third of Americans back President Barack Obama's health care overhaul on which the Supreme Court is about to pass judgment, a new poll finds. But there is overwhelming support among both supporters and opponents for