World stocks fall ahead of EU summit

World stock markets fell Monday, with uncertainty about a tentative deal to resolve Greece’s debt crisis weighing on investor sentiment ahead of a summit of […]

Italy, Spain Are Among Five Euro-Zone Nations Downgraded by Fitch Ratings - Bloomberg

The credit ratings of Italy, Spain and three other euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in […]

Stiglitz Says European Officials Show No Plans to Spur Growth: Tom Keene - Bloomberg

Nobel Prize-winning economist Joseph Stiglitz said he sees no indication from European officials that they have a plan to support growth in the region as […]

Best Consumer-Stock Gain May End on South Africa Valuations - Bloomberg

The world

India Growth Weaker as Inflation Still High, Central Bank Says - Bloomberg

India

Officials confirm light fuel near ship

Italian officials have confirmed the presence of light fuel in the sea around the capsized Costa Concordia that appears to have come from machinery on […]

Wal-Mart names first woman as Sam’s Club CEO

Wal-Mart Stores Inc., the world’s biggest retailer, said Friday that it has named Rosalind Brewer as CEO of Sam’s Club _ the first woman and […]

Weidmann Says ECB Should Resist Pressure to Use

European Central Bank Governing Council member Jens Weidmann said policy makers should resist pressure to increase government bond purchases in response to the euro region

States look to hike tax on millionaires

As the "tax the rich" debate rages in Washington D.C., some states are turning to their wealthiest residents to bring in much-needed revenue.
The governors […]

Nigeria Oil Shutdown on Hold as Talks Continue - Bloomberg

Nigerian unions said they