TheRepublic.com - Financial markets News

Pope leads pep rally at Vatican, meets with Merkel

Sat, 18 May 2013 19:27:07 -0400

VATICAN CITY - Pope Francis lamented that investment losses by banks trigger more alarm in the economic crisis than the struggle of people to feed their families, as he led a huge rally Saturday to invigorate the church's moral conscience, hours after he held talks at the Vatican about the economic crisis with Germany's leader.

Victim's advocate now helps rehabilitate offenders

Sat, 18 May 2013 14:07:24 -0400

NASHVILLE, Tennessee - The box of pain sits in the corner of Verna Wyatt's mind.

Union leads march in Rome calling for job creation

Sat, 18 May 2013 12:50:03 -0400

ROME - A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.

In Pa., how a potato roll became famous

Sat, 18 May 2013 11:27:30 -0400

CHAMBERSBURG, Pennsylvania - Inside the new visitor's center at Martin's Famous Pastry Shoppe in Chambersburg is a glimpse into how it all started.

Top officials call to overhaul euro institutions

Sat, 18 May 2013 03:08:41 -0400

BERLIN - Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis - and who should be involved.

Bills DE Williams fails to mediate ring dispute

Sat, 18 May 2013 02:23:29 -0400

BUFFALO, New York - Bills defensive end Mario Williams isn't any closer to getting back his $785,000 diamond engagement ring from his former fiancee, Erin Marzouki.

Buybacks are a big factor behind stock market boom

Fri, 17 May 2013 18:19:20 -0400

NEW YORK - It's the narcissist rally.

Stocks rise on hopeful signs for the US economy

Fri, 17 May 2013 17:45:51 -0400

NEW YORK - Encouraging news about the U.S. economy extended the stock market's rally Friday.

Stocks rise on hopeful signs for the US economy

Fri, 17 May 2013 16:51:14 -0400

NEW YORK - Encouraging news about the U.S. economy is extending the stock market's rally.

Cyprus drops limits on 8 more foreign banks

Fri, 17 May 2013 16:15:07 -0400

NICOSIA, Cyprus - Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.

Indiana withdraws support for fertilizer plant

Fri, 17 May 2013 16:05:12 -0400

INDIANAPOLIS - Indiana officials withdrew state backing Friday for a fertilizer plant over concerns about whether its Pakistan-based owners are doing enough at its overseas operations to keep the potentially explosive material from being used against U.S. troops.

Gold prices sink for seventh day, near April low

Fri, 17 May 2013 15:52:26 -0400

Gold prices fell for a seventh day in a row on Friday, drawn down by a stronger U.S. dollar and better economic news.

Oil rises above $96 on encouraging economic news

Fri, 17 May 2013 15:24:36 -0400

NEW YORK - The price of oil rose to $96 a barrel on Friday on hopes that a steady recovery in the U.S. economy could boost fuel use.

Lew tells Congress of steps to avoid debt default

Fri, 17 May 2013 15:18:22 -0400

WASHINGTON - Treasury Secretary Jacob Lew told Congress on Friday that the administration will begin taking steps next week to avoid a default on the nation's debt until Congress votes to raise the government's borrowing limit.

Greece faces slow, jobless recovery next year

Fri, 17 May 2013 13:34:09 -0400

ATHENS, Greece - Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said.

Falling yen to make Japan's goods more affordable

Fri, 17 May 2013 13:23:14 -0400

Attention, bargain-hunters around the world: Japanese goods - from cars to televisions - are going on sale.

Fitch downgrades Slovenia amid banking concerns

Fri, 17 May 2013 13:01:03 -0400

LONDON - Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system.

World stocks strong into the weekend

Fri, 17 May 2013 12:43:22 -0400

AMSTERDAM - World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue.

Rising consumer demands aids organic industry sway

Fri, 17 May 2013 11:54:18 -0400

WASHINGTON - The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.

Grains futures, livestock prices mixed

Fri, 17 May 2013 11:16:04 -0400

CHICAGO - Grains futures fell or were flat Friday on the Chicago Board of Trade.

IMF says Cyprus at risk of even deeper recession

Fri, 17 May 2013 10:51:05 -0400

WASHINGTON - The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.

Can pricey software streamline US Steel?

Fri, 17 May 2013 10:35:35 -0400

PITTSBURGH - U.S. Steel is spending hundreds of millions of dollars installing powerful software intended to help it manage its business more efficiently, a project that began in 2007 and that chairman and CEO John P. Surma says won't be completed until 2016.

Stocks edge higher in early trading on Wall Street

Fri, 17 May 2013 09:49:43 -0400

NEW YORK - Stocks are slightly higher in early trading on Wall Street, even as several big retailers slumped after reporting disappointing earnings.

SD county working with ND company to save cemetery

Fri, 17 May 2013 09:37:33 -0400

PIERRE, South Dakota - The main road used to go right past the town of Meers, but that's when the main road was the Fort Pierre-to-Deadwood freight route, traveled by mule and ox teams pulling wagons to and from the Black Hills.

Futures rebound ahead of Conference Board report

Fri, 17 May 2013 07:37:07 -0400

NEW YORK - U.S. stock futures are rising with markets headed for a positive week overall, as investors shrug off some unsettling reports from retailers this week.