Apr 23, 2012 McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.
Apr 23, 2012 Incumbent Nicolas Sarkozy came in second yesterday to Socialist Francois Hollande in the first round of voting. The two candidates will face a run-off on May 6th, and the ultimate outcome could have big consequences for Europe's debt crisis.
Apr 23, 2012 European markets are down significantly, and that's being blamed on elections over the weekend in France that increase the likelihood that Conservative President Nicholas Sarkozy will lose his job.
Apr 19, 2012 France will try to borrow a lot more money today. But the low borrowing costs the country has seen every since the European Central Bank handed out a trillion dollars in emergency loans are no longer a sure thing -- that money may be running out.
Apr 11, 2012 U.S. stocks had their worst day of the year yesterday, in part because analysts say the European debt crisis is back after months of relative calm.
Apr 11, 2012 Coming off Tuesday's worst showing for stocks this year -- both in the U.S. and Europe -- there is a new dawn today. Market players are showing a renewed appetite for risk, including stocks, at least so far on this Wednesday.
Apr 11, 2012 Recent turmoil in global markets is partly due to worries over Europe's debt crisis. Elections scheduled in France and Greece add to the uncertainty.
Apr 11, 2012 There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.
Apr 5, 2012 Government borrowing costs reach a five month high in Spain, having many worried that the country will soon take the biggest problem in Europe crown from Greece.
Apr 5, 2012 Today, the Greek Athletics Federation laid out what it sees as a "bleak future" for sports. The federation has suspended track and field events as part of budget cutbacks. That puts into question Greece's ability compete in the London Olympics this summer.