News

March 7, 2011

Sanctions Hurt Ivory Coast Economy

Economic sanctions against Ivory Coast are hurting business in the world's top cocoa producer. Thousands of civil servants line up along Abidjan's Rue des Banques, waiting to be paid their February salaries. When foreign banks closed last month…

March 7, 2011

Obama Warns Violence by Libya Government ‘Unacceptable’

U.S. President Barack Obama says the U.S. and its NATO allies are considering…

March 7, 2011

Pakistan Urges Strong Ties With US Despite Tensions

Pakistan's president said on Monday the United States and his country cannot afford a downturn in their strategic relationship. Asif Ali Zardari told the new U.S. special representative to Pakistan and Afghanistan, Marc Grossman, that both…

March 7, 2011

US Stocks falls

U.S. stock market indexes dropped sharply in Monday's midday trading. The Dow Jones Industrial Average lost eight-tenths of a percent, the S&P 500 fell 1.1 percent, and the NASDAQ plunged 1.9 percent. European stock markets were lower at the…

March 7, 2011

Former French President on Trial for Corruption Charges

Former French President Jacques Chirac went on trial Monday on corruption charges related to hirings that allegedly benefited his center-right party. Chirac becomes the first French head of state to go on trial. The charges date back to when…

March 7, 2011

Greek Government Says Credit Downgrade Is Wrong

The Greek government says the most recent downgrade of its credit rating is “completely unjustified” and ignores the substantial progress the nation has made toward cutting its deficit. Moody's Investor Services downgraded Greece's credit rating…

March 7, 2011

Karzai to Petraeus: Apologies are not enough

Apologies are not sufficient when it comes to civilian casualties, Afghan President…

March 7, 2011

Gas prices top $3.50

U.S. gasoline prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market, according to a survey of filling stations. The latest Lundberg Survey of cities in the continental United…

March 7, 2011

Happy 2nd birthday, bull market!

The bull market is celebrating its second birthday. Banks and retail stocks have led the way but investors may want to think about changing their bets if they think the party is going to continue. The S&P 500 has doubled in value from the bear…

March 7, 2011

Turks and Caicos lawyers up in arms over special prosecutor’s letter

The Turks and Caicos Islands (TCI) Bar Council has received a letter from the British-funded…