Investors Shift To Safer Stocks On Concern About Greece

U.S. investors bought shares of industrials, airlines, gold mining companies and agricultural assets Wednesday as robust economic data offset fears stoked by the likelihood of Greece leaving the euro zone.

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Greece

From Politics & Policy

Global Markets Signal Imminent Greek Departure From Euro Zone

Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.

Leader of the Left Coalition party Tsipras smiles during a meeting with Greek President Papoulias in Athens

From Politics & Policy

Greece's Syriza Leader Hits EU, Merkel, As Caretaker Gov Takes Shape

Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.

Facebook

From Companies

Facebook IPO's - Why Did Underwriters Boost Its Value?

A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.

US Housing Starts

From Economy

US April Housing Starts Rebound, But Permits Fall

U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans.

Walmart is the largest seller of food in the United States, and food accounts for more than half of the chain's annual sales

From Companies

Target, Staples, Progressive Among Earnings Reports To Watch

The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.

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Elderly Greek villagerFrom Politics & Policy

Greece: Possible Expulsion From Euro Zone Would Raise Questions About ‘European’ Identity

Although Greece is considered the “cradle of Western Civilization,” the nation has had a vastly different history and trajectory from the dominant countries of Western Europe.

Should President Obama be worried about the latest poll numbers from CBS News and the New York Times?From Politics & Policy

Economy Improving, Obama Campaign Says, But Numbers Prove Otherwise

In a newly released campaign ad, President Barack Obama promises that the economy is back on the mend. The only problem is: the numbers say otherwise.

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