Search Results for “debt”

Default fuels uncertainty, stock drop in Argentina 08/01/2014 02:12am • ALMUDENA CALATRAVA Associated Press BUENOS AIRES, Argentina (AP) -- Argentina entered economic limbo Thursday, forced into a default that could undermine an already frail economy if a dispute with U.S. creditors is not resolved soon.President Cristina Fernandez and her economy minister both insisted

Debit overdraft fees often exceed cost of purchase 07/31/2014 07:48pm • JOSH BOAK AP Economics Writer WASHINGTON (AP) -- The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought.That's the result of a study that the Consumer Financial Protection Bureau released Thursday.Large banks have generally charged a $34

Stocks plunge...Oil prices drop... Argentina willing to hold further talks on debt 07/31/2014 07:00pm • NEW YORK (AP) -- Traders are worried about weak corporate earnings and the looming end of the Federal Reserve's economic stimulus. As a result, stocks had their worst one-day drop since February. The Dow plunged 317 points, or 1.9 percent, to close at 16,563. The S&P 500 dropped 39 points, or 2 perc

NY Fed: Puerto Rico should seek economic reforms 07/31/2014 05:39pm • DANICA COTO Associated Press SAN JUAN, Puerto Rico (AP) -- New York's Federal Reserve Bank warned on Thursday that Puerto Rico needs to improve its financial health soon or face a "painful adjustment."The report came as the island's power company once again reached an agreement with lenders to exten

Why investors prefer petit stocks over small ones 07/31/2014 04:50pm • STAN CHOE AP Business Writer NEW YORK (AP) -- Small-cap stocks are getting the cold shoulder, unless they come with a nice accent.Stocks of smaller U.S. companies have dropped this year following a spate of warnings that they've become too expensive. But investors continue to buy stocks of smaller c

Jerry Jones: Brent out of rehab, NFL question next 07/31/2014 04:00pm • SCHUYLER DIXON AP Sports Writer OXNARD, Calif. (AP) -- Dallas Cowboys owner Jerry Jones says former defensive tackle Josh Brent is out of rehabilitation and could have his future with the NFL resolved before the team leaves training camp in California in two weeks.Jones said Wednesday from training

Stocks slide...Obama issues order for federal contractors...$1M won't buy much in San Francisco 07/31/2014 03:19pm • NEW YORK (AP) -- Stocks are sharply lower on Wall Street following some weak corporate earnings. Exxon Mobil and Whole Foods are among the stocks slumping. Two hours before the close, the Dow Jones industrial average was down more than 220 points. European markets also fell today as evidence mounted

EU identifies 5 Russian banks it is sanctioning 07/31/2014 01:51pm • JUERGEN BAETZ Associated Press BRUSSELS (AP) -- The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see their access to the 28-nation bloc's capital market curtailed.The banks, in which the Russian sta

Weak earnings sink US stocks; Whole Foods slides 07/31/2014 12:37pm • NEW YORK (AP) -- U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped.Argentina's stock market plunged 7 percent after the South American nation defaulted on its debt for the second time in 13 years.European markets also fell as evidence mounted that t

Eurozone inflation down again but ECB seen on hold 07/31/2014 11:28am • JUERGEN BAETZ Associated Press BRUSSELS (AP) -- The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds pressure on the European Central Bank to beef up its efforts to spur the economy.Extremely low inflation is a concern becaus

Indianapolis man buys 2 $1M tickets in 3 months 07/31/2014 10:00am • INDIANAPOLIS (AP) -- An Indianapolis man has won two $1 million lottery prizes in the past three months.Hoosier Lottery officials say Robert Hamilton won $1 million from a scratch-off ticket he bought last week at an Indianapolis convenience store. His other big winner came in April in western India

Sanctions will damage Russia if not lifted quickly 07/31/2014 05:30am • LAURA MILLS Associated Press MOSCOW (AP) -- U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.The U.S. and European

Text of Lois Lerner's email exchange 07/31/2014 04:28am • The Associated Press Former IRS official Lois Lerner had the following email exchange with a personal associate on Nov. 9, 2012. At the time, Lerner directed the IRS division that processed applications for tax-exempt status. She has since retired.During the exchange, Lerner says she is traveling i

Bank scandal tarnishes powerful Portuguese family 07/31/2014 03:06am • BARRY HATTON Associated Press LISBON, Portugal (AP) -- Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, hu