UNITED STATES

Stocks, euro pressured ahead of German auction

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Nerves ahead of a German debt auction helped put European stock markets in negative territory early on Wednesday and halted a surge for the euro after its biggest one-day gain in nearly two months.
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Stocks cheered by growth hopes, debt woes drag euro

Asian stocks rose on Wednesday as investor risk appetite returned after upbeat U.S. and European economic data improved the global growth outlook, but the euro's gains were short-lived due to deep-set worries over the European debt crisis.
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U.S. charges three Swiss bankers in tax evasion case

U.S. prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities, and sources briefed on the matter said the three worked for Wegelin & Co, one of Switzerland's oldest private banks.
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S. Korea approves Samsung's flash chip plant in China

South Korea said on Wednesday it had approved a plan by Samsung Electronics Co to build a flash memory chip plant in China seen costing some $4 billion, as a boom in smartphones and tablet computers fuels the chip industry's growth.
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Starbucks raises prices in U.S. Northeast, Sunbelt

Starbucks Corp raised prices by an average of about 1 percent in the U.S. Northeast and Sunbelt on Tuesday, making coffee-drinkers spend more in New York, Boston, Washington, Atlanta, Dallas, Albuquerque and other cities.
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Micron jumps on report of DRAM consolidation

Shares of Micron Technology Inc jumped as much as 11 percent on a report that one its biggest competitors, Elpida Memory, may merge with Toshiba Corp, in a sign of consolidation in an industry hurt by cut-throat competition.
Morgan Stanley headquarters building in New York's Time's Square

U.S. Stocks Will Fall 8.6% This Year: Morgan Stanley

An analysis released Tuesday by Morgan Stanley analyst Adam Parker suggesting U.S. equities will finish the year more than 8 percent lower than where they began is making those who follow the American stock market nervous. And for good reasons.
US Aircraft Carrier near Strait of Hormuz

Will U.S. End Up in War With Iran in 2012?

The latest threat comes days after U.S. President Barack Obama signed into law sanctions against Iran's central bank which processes most of the country's oil-export payments. Obama and other leaders, including European Union foreign ministers set to meet in Brussels on Jan. 30 to consider a oil-export ban on Iran, hope more sanctions will slow the country from further developing its nuclear weapons program.
A man holds up a sign during a protest in central Budapest

Hungarians Protest New Constitution En Masse

In the first protest against Hungarian Prime Minister Viktor Orban since he came to power in May, tens of thousands of Hungarian opposition groups demonstrated against the country's new constitution.
U.S. Stock Market

U.S. Stock Market - Is It Overvalued?

One useful barometer to gauge stock market valuation is the S&P 500 price-per-earnings (P/E) ratio, compared to its historical averages, both the mean and median.

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