Wall Street opens lower as Greek talks drag on

About $39 million given to major funds for Joplin’s storm recovery

A 4-year-old Ohio boy sent $200 he raised from selling cups of lemonade for a quarter.
A Missouri-born singer donated $130,000 from the auction of her 1959 Mercedes convertible.

Business

Related Photos

businessnews.jpg

Discussion

February 6, 2012

Anonymous From The Associated Press The Joplin Globe Mon Feb 06, 2012, 09:23 AM CST

NEW YORK — Stocks are opening lower as talks dragged on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans.

Minutes after the opening bell Monday, the Dow Jones industrial average is down 42 points to 12,819. Intel led the Dow lower, dropping 1.2 percent.

The S&P 500 fell 5 points to 1,339. The Nasdaq composite fell 17 points to 2,888.

The declines follow a big gain Friday after a surprisingly good U.S. employment report.

Greece’s Prime Minister Lucas Papademos will meet with negotiators from the European Union and the International Monetary Fund in the afternoon and then with the leaders of the three parties backing his coalition government. The Greek parliament must sign off on any deal.

Text Only

Business

Stocks fall on Wall Street as Spanish bank teeters
Another flare-up in Europe’s debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.

May 25, 2012 1 Photo
5 Spanish banks downgraded; Bankia seeks 19 billion euros in aid
The outlook for the Spanish banking system worsened sharply Friday when Standard & Poor’s slashed the credit ratings of five banks and said the country is headed into a double-dip recession.

May 25, 2012
Europe debt crisis dragging world economies down
The Eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse Germany may be faltering, adding to worries about China and other major pillars of economic growth.

May 25, 2012
US declines to label China a currency manipulator
The Obama administration may be getting tougher with China on trade, but its approach in dealing with Beijing on the thorny currency issue remains patient diplomacy.

May 25, 2012
Facebook ads less than lucrative for many businesses
As the public joined the frenzy around Facebook Inc.’s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network’s main business, advertising, was sputtering.

May 25, 2012
New Orleans Times-Picayune cuts paper publication to 3 days a week
The New Orleans Times-Picayune will move to a three-day-a-week print schedule in the fall, becoming the largest metropolitan newspaper to cut back paper publication in what has increasingly become an electronic world of information.

May 25, 2012
Ad-skipping device at heart of legal battle between Fox, Dish
Fox Broadcasting Co. has sued Dish Network, becoming the first television network to fire a legal salvo over the satellite company’s controversial new ad-skipping device called AutoHop.

May 25, 2012
Syngenta pays $105 million to settle US litigation
Swiss chemicals maker Syngenta says it is offering $105 million to settle a U.S. lawsuit over one of its herbicides entering water supplies.

May 25, 2012
Some electric vehicle owners find savings on insurance
Early adopters of electric vehicles have to dig deep into their wallets to make the purchase, but some are reaping unexpected savings on their insurance bills.

May 25, 2012
’Personal concierge’ businesses take on to-do lists of the time-starved
Andrea Maida got the panicked phone call early one morning.

May 25, 2012
More Business Headlines