Stock futures pointed to a lower open for Wall Street Wednesday, with investors believing that Tuesday's meeting between French and German leaders failed to make significant progress on the euro zone sovereign debt crisis.
Spain and Italy, under the market microscope over debt servicing costs, welcomed Franco-German proposals for a more integrated euro zone on Wednesday and said they hoped the plans would usher in region-wide bonds.
Stock futures pointed to a lower open for Wall Street on Wednesday, with investors feeling that Tuesday's meeting between French and German leaders failed to make significant progress on the euro zone sovereign debt crisis.
World stocks and the euro slipped on Wednesday as investors grew concerned that French and German plans for closer fiscal integration may be insufficient to stop the regional debt crisis from spreading further.
The Swiss franc jumped Wednesday after the Swiss National Bank announced fresh measures to drive down money market rates to stem the franc's strength, but refrained from direct intervention or pegging the currency as some had speculated.
Germany's opposition Social Democrats on Wednesday criticized the Franco-German summit for rejecting common euro zone bonds and for failing to offer an adequate solution to the debt crisis.
European stocks fell early Wednesday, resuming their slide as a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to calm worries over the euro zone debt crisis.
The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.
Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
KCET, the former PBS station serving Southern and Central California, has entered a partnership with Eyetronics Media and Studios to produce and acquire new series, the companies announced Tuesday. Under the agreement, Eyetronics will provide up to $50 million in funding for the new programs, which will start production in the fall.
U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.
U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.
A German court reached an initial decision in the case between Apple and Samsung over their similar tablet products.
U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.
The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.
The leaders of France and Germany met for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
U.S. industrial output recorded its best gain in seven months in July as the auto sector bounced back from supply disruptions wrought by Japan's devastating earthquake in March.
The price of gold notched a record Tuesday because three forces collided in a virtual perfect storm for the markets.
The record high price set by gold Tuesday confirms, more dramatically than ever, that Wall Street's lack of confidence in paper assets extends even to companies that mine the world's most reliable store of value, gold.
Gold set a record high Tuesday and U.S. stocks fell on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
Wall Street stocks fell on Tuesday after a meeting of the heads of France and Germany failed to quell market fears about euro zone leaders' ability to contain the region's sovereign debt woes.
Gold settled at a record high Tuesday after investors abandoned stocks on fresh concerns over weakness in Europe's biggest economy, doubt that European leaders will be able to solve its sovereign debt problems and the languishing U.S. economy.
