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Finance officials and experts gathered in Italy mostly agreed Saturday that Europe needs deeper political union to preserve the troubled euro _ even though persistent national identities made the prospect politically unlikely in the near future.
Speakers at the annual Ambrosetti forum labored to articulate the emerging existential dilemma: Monetary union struggles without central budget control, […]
Stock futures are falling ahead of reports on retail sales, manufacturing and unemployment.
Economists forecast that manufacturing activity fell in August for the first time in more than two years. That’s a worrisome sign because manufacturing has been one of the strongest parts of the economy since the recession ended.
The Labor Department is also expected to […]
More than 630,000 homes and businesses lost power Saturday as Hurricane Irene slammed into the East Coast.
Winds of up to 115 miles per hour whipped across the Eastern Seaboard, ripping power lines from poles and snapping trees in half. Hospitals, emergency call centers and other crucial facilities were holding up, but officials said it could […]
The scariest thing about the recent stock market selloff has been the way investors are treating the major U.S. banks.
Shares of Bank of America and Citigroup have lost almost a third of their value in the past month, falling twice as much as the broad market averages. Wells Fargo, US Bancorp and PNC Financial Services […]
A few Greek entrepreneurs perch in front of laptops in bare offices above a ground-floor supermarket, five minutes’ walk from the Athens square convulsed by riots last month over the country’s economic crisis.
“Innovate,” a wall slogan exhorts. “Originate.” A bowl of fist-sized plastic balls sits on a table, ripe for the plucking.
Sure, the touches are […]
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A key auto quality study has found that models that are new or redesigned for 2011 are less reliable than those introduced last year.
The newer models had 10 percent more problems on average than those introduced in 2010, according to the J.D. Power and Associates’ annual U.S. Initial Quality Study. The increase stemmed from manufacturers’ […]
Just hours after the federal government introduced back-to-work legislation in Ottawa, Air Canada and the Canadian Autoworkers Union reached a tentative deal.
No details were immediately available, but the CAW has called a news conference for 2 p.m. Thursday at the Sheraton Centre.
Striking customer service agents at airports across the country began cheering as they heard […]
In 1964, Percy Green and another local activist shimmied up a leg of the yet-to-be-completed Gateway Arch to protest the lack of minority hiring in the building of the monument.
Nearly 50 years later, with the percentage of nonwhite males working regularly in area trades still mired in single digits, yet another effort is being launched […]
Orders for U.S. durable goods dropped more than forecast in April, reflecting a slump in aircraft demand and disruptions in supplies of auto parts stemming from the earthquake in Japan.
The 3.6 percent decrease in bookings for goods meant to last at least three years was the biggest since October and followed a 4.4 percent […]
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The European Union warned Friday that the debt loads of Greece, Ireland and Portugal will be much bigger than previously forecast, adding to fears that international bailouts are failing to solve the region’s crisis.
The EU’s Monetary Affairs Commissioner Olli Rehn said Greece needed to cut spending even further than foreseen in its bailout program. While […]