Economy and Industries at Markets News

Markets

Dow falls 128, with Chevron and Alcoa leading way
Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday.
Down economy exacerbating US town dissolutions
Carmen Wilkerson ran for mayor of St. George with one clear goal in mind for the tiny Missouri town: Get rid of it. Like many of St. George's 1,200 ...
Oil prices fall on mixed signals for economy
The price of oil finished lower Wednesday after some mixed economic signals. Benchmark crude rose early in the day after the government reported ...
IRS commissioner Shulman to step down
The Internal Revenue Service announced Wednesday that Doug Shulman, who has led the agency for more than four years, will step down next month.
Nigeria president proposes $29.3B national budget
Nigeria's president proposes a $29.3 billion federal budget in 2013 for the oil-producing nation, predicting a slight increase in the crude produced ...
Finance leaders to address global economic threats
When global finance ministers meet this week in Tokyo, they'll confront a triple challenge: Economic troubles in three major regions are threatening ...
Red Cross launches first Spain crisis fund
The Spanish Red Cross on Wednesday launched its first-ever campaign for donations to help Spaniards hit by economic crisis, in a sign of how needy ...
France, Spain: Europe must keep promises in crisis
The leaders of France and Spain said Wednesday that the 17 countries that use the euro already have all the tools they need to solve their debt crisis ...
Greek unions call another general strike
Greece's main labor unions have called a general strike for Oct. 18, the day of a European Union summit and a month after a similar strike saw tens ...
US futures mixed as earnings season begins
Stock futures were mixed Wednesday, a day after the U.S. earnings season kicked off. Dow Jones industrial futures slipped 21 points to 13,391.
Czech gov't wants cap on public debt
The Czech government has proposed a constitutional amendment that aims to put a limit to public debt. Prime Minister Petr Necas says the amendment ...
China auto sales fall as Japanese brands shunned
China's auto sales shrank in September as a territorial dispute with Tokyo prompted buyers to avoid Japanese brands, hurting already weakening demand.
Interest rates rise at Italian bond sale
Italy raised €11 billion ($14.1 billion) in a pair of short term auctions but had to pay slightly higher interest rates to get investors to part with ...
Amtrak ridership hits record high amid GOP attacks
Amtrak trains carried 31.2 million passengers in the fiscal year ending in September, the highest annual ridership since the railroad was formed in ...
Asia stocks fall on Spain, US earnings worries
Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent Asian stocks down on Wednesday.
Stocks slide, and investors wait for earnings
Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what ...
NY comptroller: Wall Street health still volatile
Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, ...
Merkel gets a hostile reception on Greek visit
German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visit to the country ...
A weak open on Wall Street on gloomy IMF forecast
Stocks hit their all-time highs exactly five years ago. And corporate earnings reports that begin Tuesday will help determine whether they can make ...
Court lets stand telecom immunity in wiretap case
The Supreme Court is leaving in place a federal law that gives telecommunications companies legal immunity for helping the government with its email ...
Oil prices rebound on jitters about supplies
Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian ...
Draghi: Europe needs single bank bailout fund
European Central Bank President Mario Draghi is urging eurozone leaders to move ahead quickly and put the ECB in charge of supervising banks — a key ...
Asia stocks up despite global growth warnings
Asian stocks markets shrugged off yet another dismal prediction about global economic growth to mostly post solid gains Tuesday. The gains in Asia ...
Oil prices fall after warning from World Bank
A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World ...