By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - More Americans sought unemployment aid last week, suggesting hiring remains sluggish.
The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - A report that major central banks would be ready to pump money into the financial system after the Greek elections this weekend gave the stock market a late push higher.
The Reuters report said major central
By NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Greek stocks rocketed higher on Thursday, reflecting investor hopes that the national elections in three days will yield a government that can avoid a messy confrontation with Athens' bailout creditors and keep the
BERLIN (AP) - Lawmakers in Germany's governing party say an agreement has been reached with the opposition to hold a parliamentary vote on a crucial package of European legislation before the end of the month.
Conservative lawmaker Gerda Hasselfeldt said
By COLLEEN BARRYAP Business Writer
MILAN (AP) - European stock markets mostly sank Thursday amid signs that debt market turmoil roiling Spain is threatening Italy, which is considered too big to bail out. A rally on Wall Street, where traders hoped for more stimulus from the
By TOM KRISHERAP Auto Writer
DETROIT (AP) - Government safety regulators have expanded an investigation into gas tank fires in older-model Jeep Grand Cherokees.
The National Highway Traffic Safety Administration said Thursday that it has added Cherokee and
By ELAINE KURTENBACHAP Business Writer
SHANGHAI (AP) - The Asian consortium planning to rescue Swedish automaker Saab Automobile from insolvency is led by a mainland Chinese alternative energy tycoon whose company has close ties with China's State Grid electricity utility
By COLLEEN BARRY and FRANCES D'EMILIOAssociated Press Writers
ROME (AP) - The Italian and French leaders on Thursday found common ground on how to confront Europe's worsening debt crisis, emphasizing that budget discipline should not come at the expense of economic
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets were mostly higher Friday as investors waded back into riskier assets amid hopes that central banks in the U.S. and elsewhere were gearing up for action to help their beleaguered economies.
By JUERGEN BAETZAssociated Press
BERLIN (AP) - German Chancellor Angela Merkel acknowledged Thursday that Europe's lingering debt crisis will dominate this weekend's summit of the world's 20 most important economies in Mexico, but she stuck to her conviction that the