DOW JONES

Traders work on the floor of the New York Stock Exchange

Global Economic Concerns Drag US Stock Futures Down

U.S. stock index futures point to a slightly lower open Friday as the interest rate cuts announced by central banks in Europe and China on Thursday failed to convince investors that the measures will be sufficient to rejuvenate the struggling global economy.

ECB Cuts Interest Rates To Record Low

ECB President Mario Draghi leaves the European Council headquarters after a night of negotiations at a European Union summit in Brussels
The European Central Bank, in a widely anticipated move aimed at limiting the number of euro zone nations falling into recession, on Thursday cut its main interest rate to a historic low of 0.75 percent and cut its overnight deposit and lending rates by 0.25 percentage points each, to 0 percent and 1.5 percent, respectively.
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Traders on the New York Stock Exchange floor

US Stock Futures Decline Ahead Of Crucial EU Summit

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.
Newly built cars sit in a shipping lot near General Motors Car assembly plant in Oshawa

US Car Sales June 2012 Preview: Plateauing Sales A New Equilibrium

U.S. car sales are expected to have remained strong in June, maintaining a total seasonally adjusted annual rate (SAAR) of around 14 million vehicles, however sales are beginning to slow at the beginning of summer and a return to pre-recession sales levels is not foreseen anytime soon, according to early predictions by analysts at LMC Automotive and Kelley Blue Book.
Traders work on the floor of the New York Stock Exchange on May 1, 2012.

US Stock Futures Point To Mixed Open Tuesday

U.S. stock index futures signal a mixed opening Tuesday as optimism following the Greek election results fades and Spain's increasing borrowing costs raise investor concerns.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Point To Mixed Open Monday

Futures on the major U.S. indices point to a mixed opening Monday as concerns about the euro zone debt crisis undermined the initial optimism following the Greek elections in which pro-bailout parties won the majority.
Essar Group's Vadinar Refinery

Churning Oil And Coal, Essar Group's Growth Mirrors Indian Economy

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.

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