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Stories with subject: Financial crisis
  • US presidential hopeful Martin O'Malley visits Puerto Rico story has photos
    Updated: Aug-01-15 9:16 pm

    SAN JUAN, Puerto Rico - Former Maryland Gov. Martin O'Malley became the first Democratic presidential candidate to make a campaign stop in Puerto Rico this year as part of an effort to woo Latino voters.

  • Q&A on possible extradition for dentist who killed lion story has photos
    Updated: Aug-01-15 5:34 pm

    MINNEAPOLIS - Zimbabwe has called for an American dentist who killed a lion that was lured out of a national park and caused international outrage to be extradited and face as-yet filed charges. But it isn't clear whether Walter James Palmer, a 55-year-old from Minnesota, can be extradited or, if so, can fight having to go back to the African nation. Palmer has said he relied on his guides to ensure the hunt was legal.

  • Extended slump in oil taking toll on industry, economy story has photos
    Updated: Jul-31-15 2:40 pm

    NEW YORK - As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

  • Returning emigrants could overwhelm Portugal, analysts say 
    Updated: Jul-31-15 10:04 am

    LISBON, Portugal - Portuguese analysts are warning that the country's feeble economy and overburdened welfare programs are at risk from a potentially massive return of emigrants who left in search of jobs during the eurozone's recent financial crisis.

  • Spain to give civil servants first pay rise in 5 years 
    Updated: Jul-31-15 9:32 am

    MADRID - Spain's prime minister Friday promised a 1 percent pay rise for Spain's 2.5 million civil servants in the 2016 budget, their first hike in five years after public spending was reined in because of the country's economic crisis.

  • Zimbabwean baffled by foreign concern for killed lion story has photosstory has video
    Updated: Jul-30-15 1:59 pm

    HARARE, Zimbabwe - While the death of a protected lion in Zimbabwe has caused outrage in the United States - much of it centered on the Minnesota dentist who killed the animal - most in Zimbabwe expressed a degree of bafflement over the concern.

  • Takeaway from Fed meeting: Expect a rate increase this year 
    Updated: Jul-30-15 12:04 am

    WASHINGTON - Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when.

  • China auto sales slump hits industry fortunes story has photos
    Updated: Jul-29-15 6:34 am

    BEIJING - General Motors Co.'s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth.

  • Scary headlines don't deter investors 
    Updated: Jul-25-15 5:26 pm

    NEW YORK - The U.S. economy is growing at a painfully slow pace. Greece still threatens the euro. Chinese stocks have just pulled out of a frightening free-fall. Big companies in the U.S. are struggling to boost profits.

  • Appeals court revives challenge to consumer agency 
    Updated: Jul-24-15 12:29 pm

    WASHINGTON - A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies.

  • Hilton closes longtime hotel casino in Puerto Rico 
    Updated: Jul-22-15 6:43 pm

    SAN JUAN, Puerto Rico - One of Puerto Rico's biggest and best known casinos closed Wednesday after 40 years of operation in another blow to the U.S. territory's struggling economy.

  • Hilton closes Puerto Rico hotel casino amid economic crisis 
    Updated: Jul-22-15 6:16 pm

    SAN JUAN, Puerto Rico - One of Puerto Rico's biggest and best known casinos closed Wednesday after 40 years of operation in another blow to the U.S. territory's struggling economy.

  • Senate GOP adds Dodd-Frank rewrite to $21B funding bill 
    Updated: Jul-22-15 1:56 pm

    WASHINGTON - Senate Republicans are trying to use a must-do spending bill to advance legislation significantly revising a landmark law that tightened regulation of the financial services industry after the 2008 financial crisis.

  • Market meltdown threatens China's transfer spending 
    Updated: Jul-22-15 12:54 am

    Just when the spending power of the Chinese Super League looked set to make it a major player in football's transfer market, the country's recent economic stumbles have emerged as a brake on its ambitions.

  • Citi to refund $700 million for deceptive card practices story has photos
    Updated: Jul-21-15 5:56 pm

    NEW YORK - Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay $700 million and fined it $70 million for illegal and deceptive practices.

  • Gold falls to lowest level in five years on dollar strength story has photos
    Updated: Jul-20-15 5:05 pm

    NEW YORK - Investors are running out of reasons to own gold.

  • Fed directs 8 biggest US banks to hold extra capital 
    Updated: Jul-20-15 4:13 pm

    WASHINGTON - Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

  • Merkel rules out 'haircut' for Greece, open to other relief story has photos
    Updated: Jul-19-15 11:55 am

    BERLIN - Chancellor Angela Merkel on Sunday suggested that Germany would show flexibility in negotiating how Greece deals with its massive debt, but again ruled out writing off part of the money.

  • Mixed German messages on Greece serve a purpose 
    Updated: Jul-17-15 1:27 pm

    BERLIN - German government officials have appeared to send mixed messages about their desire for Greece to keep using the euro - and that's just the way they want it.

  • Mississippi Greek-Americans fault media in economic downturn 
    Updated: Jul-17-15 4:43 am

    JACKSON, Mississippi - While recognizing Greece's financial hardships, some in Jackson's Greek-American community have said that the media is partly to blame for the country's economic problem.

  • Yellen, Draghi upbeat despite tumult in Greece, China 
    Updated: Jul-16-15 5:23 pm

    WASHINGTON - The Chinese stock market is experiencing a terrifying freefall, and Greece is teetering on the brink of financial collapse.

  • The Latest: European Union to give Greece short-term loan story has photosstory has video
    Updated: Jul-16-15 10:17 am

    ATHENS, Greece - The latest on Greece's financial crisis (all times local):

  • Higher rates soon, legal costs in the past, banks take off 
    Updated: Jul-15-15 12:16 pm

    NEW YORK - The banking sector lead the S&P 500 index higher Wednesday as the biggest among them put up strong quarterly numbers and Federal Reserve Chair Janet Yellen confirmed that the central bank is likely to raise interest rates this year.

  • What relief? Greek economy on its knees despite bailout deal story has photos
    Updated: Jul-15-15 9:08 am

    ATHENS, Greece - Greece has a tentative rescue deal, but relief that it is not falling out of the euro is unlikely to last long: its economy has taken a huge hit.

  • 5 questions Fed Chair Yellen will face from Congress 
    Updated: Jul-14-15 4:41 pm

    WASHINGTON - Federal Reserve Chair Janet Yellen will deliver the central bank's mid-year economic outlook this week to Congress, where she will face grilling from House and Senate lawmakers.