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In a press conference Thursday, European Central Bank President Mario Draghi warned "it's pointless to go short on the euro." The suggestion was lampooned. It turns out, Draghi isn't the only one with that recommendation

ECB President Mario Draghi was in policy hell Thursday after disappointing market-watchers at what was the most anticipated and important press conference of his career as a monetary policy leader.

Asian stock markets declined Thursday as investors awaited the European Central Bank (ECB) meeting later in the day after Federal Reserve did not offer any new monetary measures overnight.

Asian shares eased Thursday as investors turned increasingly cautious with hopes of stimulus action by central banks fading ahead of a European Central Bank's meeting later in the day and after the U.S. Federal Reserve took no action a day earlier.

The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.

The ADP employment report out Wednesday morning seemed to have a bit for everyone, with both optimists and pessimists claiming the data release supported their views. A slightly more nuanced view of the data seems to hand the case to the bears

General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.

Match report from the Red Bull Arena of Tottenham's victory over the New York Red Bulls.

Asian shares paused Tuesday as investors grew cautious ahead of monetary policy meetings by the European Central Bank and the U.S. Federal Reserve, with scepticism countering expectations for more stimulus steps to support fragile global economies.

The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.

Expedia Inc, Barclays Plc, Synacor, Amgen, Nokia Corp, Starbucks Corp, Facebook, Logitech International, Newmont Mining and Zynga Inc are among the companies whose shares are moving in the premarket trading Friday.

Most European markets rose Friday amid hopes of stimulus measures to boost the economy after the European Central Bank promised to take steps to protect the euro.

The presumptive Republican nominee was grilled by the press because of comments he made to NBC's Brian Williams that questioned whether London was ready for the Olympic Games. Romney also committed a faux pas by mentioning his meeting with the MI6 chief agency and broke the longstanding rule of U.S. politicians not criticizing the president while overseas.

The Brooklyn Nets are set to release their game schedule Thursday night during a live broadcast on NBA TV.

Most European markets fell Thursday as investor sentiment was dragged down by disappointing earnings reported by companies.

Based on analyst estimates, Merck & Co. will report earnings of $1.01 a share on sales of about $12.16 billion -- an increase of 0.1 percent from the year-earlier quarter. The company posts its second-quarter earnings on Friday, before the opening bell.

The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.

PepsiCo, Inc. (NYSE:PEP), the maker of Lay's potato chips, Quaker oatmeal and its namesake Pepsi-Cola, is projected to report lower second-quarter profit as the food and beverage giant struggles to offset rising ingredient costs and marketing expenses with price increases.

Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report strong second-quarter profit as resurgent sales of construction machinery in the U.S. and ongoing global demand for mining equipment offset weakening sales in Europe, China and Brazil. The impact of acquisitions will also play a part.

Baidu.com, Goodyear Tire & Rubber, NXP Semiconductors, Telecom Italia, Elan Corp, Infosys Ltd, Banco Santander and Barclays Plc. are among the companies whose shares are moving in pre-market trading Tuesday.

Ford Motor Co. (NYSE: F) profits are expected to fall precipitously for the second quarter of 2012 compared to the same time last year, largely due to continued losses abroad, particularly in Europe.

According to a number of un-named sources that are familiar with a sweeping investigation into the rigging scandal, federal prosecutors in Washington have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent.

Michael Rake, deputy chairman of Barclays, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal.

Most European markets fell Monday amid continuing concerns about the deepening economic conditions in Spain and Greece.

The number of subprime loans for automobiles has increased this year as lending standards have loosened, boosting automakers' revenues but also creating fears of another financial bubble.

U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.

The Who have announced a 36-date Quadrophenia tour this fall, performing their 1973 rock opera in its entirety. The legendary band's first North American appearance in four years will kick off Nov. 1 in Sunrise, Fla., and wrap Feb. 26, 2013, in Providence, R.I.

Bank of America Corp. (NYSE:BAC), the troubled financial behemoth that teetered just above the abyss during the last few weeks of 2011 and has since made somewhat of a recovery, is expected to swing to profit when it reports quarterly financial results Wednesday morning.

Dean Foods, Sprint Nextel, Yahoo, Barclays, France Telecom, Alcatel Lucent, Infosys and Sony Corp. are among the companies whose shares are moving in pre-market trading Tuesday.