DOW JONES

ECB President Mario Draghi leaves the European Council headquarters after a night of negotiations at a European Union summit in Brussels

ECB Cuts Interest Rates To Record Low

The European Central Bank, in a widely anticipated move aimed at limiting the number of euro zone nations falling into recession, on Thursday cut its main interest rate to a historic low of 0.75 percent and cut its overnight deposit and lending rates by 0.25 percentage points each, to 0 percent and 1.5 percent, respectively.
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Newly built cars sit in a shipping lot near General Motors Car assembly plant in Oshawa

US Car Sales June 2012 Preview: Plateauing Sales A New Equilibrium

U.S. car sales are expected to have remained strong in June, maintaining a total seasonally adjusted annual rate (SAAR) of around 14 million vehicles, however sales are beginning to slow at the beginning of summer and a return to pre-recession sales levels is not foreseen anytime soon, according to early predictions by analysts at LMC Automotive and Kelley Blue Book.
Traders work on the floor of the New York Stock Exchange on May 1, 2012.

US Stock Futures Point To Mixed Open Tuesday

U.S. stock index futures signal a mixed opening Tuesday as optimism following the Greek election results fades and Spain's increasing borrowing costs raise investor concerns.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Point To Mixed Open Monday

Futures on the major U.S. indices point to a mixed opening Monday as concerns about the euro zone debt crisis undermined the initial optimism following the Greek elections in which pro-bailout parties won the majority.
Essar Group's Vadinar Refinery

Churning Oil And Coal, Essar Group's Growth Mirrors Indian Economy

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.

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