Five European Tourists Killed in Remote Ethiopia; Two Kidnapped
Gunmen killed five European tourists, wounded two and kidnapped two others in Ethiopia's remote Afar region, an Ethiopian official said Wednesday.
German Debt, Equity Investors Shrug Off Lowered Government Guidance on Economy
Early Wednesday morning, the German Ministry of the Economy cut its forecast for that country's economic growth to near-recessionary levels. The market could not care less: a benchmark index for the local stock market was up, a sale of the government's sovereign debt was reported as drawing record demand, and another report showed investors were growing more optimistic on German equities.
Costa Concordia: List of Missing Passengers
Italian authorities released a list of 28 passengers still missing after the Costa Concordia cruise ship that capsized off the coast of Italy Friday, including a Minnesota couple named including a Minnesota couple named Barbara and Gerald Heil. .
Greek Woes Underpin Demand for German Debt
A German sale of 3.44 billion euros of two-year bonds saw strong demand on Wednesday as concerns over Greece led investors to stock up on safe-haven debt, while Portuguese treasury bills benefited from ample liquidity in the financial system.
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Wine websites get mixed reviews
Just as Amazon revolutionized the way books are sold and Groupon has conditioned shoppers to expect daily deals on services and foods, a cluster of websites have upended the stodgy world of wine.
NY Manufacturing's Growth Rate Rose in Jan - Fed
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
German Investor Confidence Posts Largest Jump Ever in January
German Investor confidence rose sharply in January as cheap, long-term loans provided by the European Central Bank soothed the financial markets, suggesting that the economy is stabilizing.
Russia Releases Amended Draft of Syria Resolution at UN
Russia has distributed a new draft resolution, on the Syria crisis, at the United Nations Security Council (UNSC). The draft was sent to the Council's 14 other members and has asked for concerned experts to meet on Tuesday to debate the provisions.
S&P Lowers Creditworthiness of Eurozone Rescue Fund
Credit rating agency says decision inevitable following cuts to creditworthiness of two EFSF guarantors, France and Austria.
Germans Refuse to Boost EFSF as S&P Downgrades Fund
Germany, the only major eurozone member to retain a top-notch credit rating, refused Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.
Greek Debt Crisis: Despite S&P Downgrades, European Focus Again Shifts to Athens
An exit from the euro by Greece appears likelier by the day.
Martin Luther King Jr. Last Speech: 'I've Been to The Mountaintop' [VIDEO & FULL TEXT]
Most people commemorating Martin Luther King Jr. Day turn to his iconic I Have a Dream speech. But King gave another famous speech the night before he died, known as the Promised Land or Mountaintop speech. In it, he alluded to his imminent assassination and the legacy he would leave behind. Listen to the audio file, watch the video, and read the full text of Dr. King's final speech here.
Martin Luther King Jr. Quotes: From 'Letter from a Birmingham Jail' to 'Why We Can't Wait'
Dr. King remains one of the most iconic figures of the Civil Rights Movement and one of the most recognizable and quotable men in American history. On Martin Luther King Jr. Day, remember the man and his beliefs through some of his most famous and moving quotes, from I Have a Dream to his views on the Vietnam war to his unwavering belief in the strength and love of his fellow man.
S&P, Greece Pressure Eurozone to Boost Defenses
Mass Eurozone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
S&P Moves, Greek Debt Renew Pressure on Eurozone
Financial markets are unlikely to be derailed by mass euro zone downgrades, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
Euro Zone Faces Lower EFSF Lending Power or Higher Guarantees
The euro zone's bailout fund can hold onto its AAA rating with Standard & Poor's through higher guarantees from the euro zone's remaining triple A countries or lower lending capacity, a senior euro zone official said Sunday.
Perry on Urinating Marines: 'These Kids Made a Mistake'
Texas Gov. Rick Perry, scrambling to keep his U.S. presidential bid alive, accused the Obama administration Sunday of overreacting to a videotape that shows four Marines appearing to urinate on dead Taliban fighters in Afghanistan.
China may be Harbinger of Global Slowdown
Walk softly. Global growth looks to be smoothly downshifting as China slows, the U.S. economy firms, and troubled Europe, at least for now, avoids a messy crash.
Germany Positive on Outcome of Greek Debt Swap: Foreign Minister
Negotiations between Greece and creditor banks on a deal aimed at cutting the country's towering debt pile are tough but will yield positive results, Germany's foreign minister said during a visit to Athens on Sunday.
Eurozone Leaders Vow to Work Faster to Fix Crisis
European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.
U.S. Stocks Close Lower, Snap Four-Day Winning Streak
Stocks dropped on Friday, snapping a four-day winning streak, after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries.
France's President Nicolas Sarkozy to Bet on Growth Reforms as AAA Slips Away
France's credit-rating cut dominated the country's newspapers on Saturday, with the left-leaning Liberation blazing below a front-page headline reading S_RKOZY that the president had lost an A.
Europe Must Move Quickly in the Wake of S&P Downgrades: Merkel
Credit-rating downgrades in the Eurozone by Standard & Poor's underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.
Credit Rating of Europe's Bailout Fund Rests on Germany: S&P
The top credit rating of Europe's bailout fund depends on additional financial backing from Germany and the other three remaining AAA-rated Eurozone countries, Standard & Poor's said on Friday.
S&P Downgrades: France, Austria Moved From AAA Rating; Germany Emerges With Solid Outlook
Standard & Poor's downgraded the credit ratings of nine Eurozone governments on Friday, an unprecedented relegation that included France and Austria but spared Germany.
Europe's Markets Close Lower Friday on S&P Downgrade Concerns
European shares fell on Friday after sources said credit rating agency Standard & Poor's was set to go through with a long-mooted downgrade of several eurozone countries, weighing on sentiment for riskier assets such as equities.
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