Fitch downgrades Italian, Spanish debt ratings

The Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries was negative, citing […]

TSX jumps amid rising oil prices

TORONTO

FTC scrutiny dims allure of toning shoes

Athletic shoe companies often insinuate that their newest products will help you jump higher or run faster.
Then came along toning shoes. With slightly unstable soles, […]

Stocks jump on economic news, rescue fund approval

Stocks soared Thursday after applications for unemployment benefits fell to a five-month low and Germany voted to expand the powers of Europe’s bailout fund. The […]

Regulators close Virginia bank; 2011 total is 72

Regulators on Friday closed a bank in Virginia, lifting to 72 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. seized Bank […]

A low in jobs, mobility, marriage for young adults

Call it the recession’s lost generation.
In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying […]

Libyan fighters have no certain info on Gadhafi

A military spokesman for Libya’s transitional government says revolutionaries have no certain information about Moammar Gadhafi’s location.
The spokesman Col. Ahmed Omar Bani says he thinks […]

ECB to provide banks with dollar loans

The European Central Bank has announced plans to provide banks with dollars in three medium-term loan operations through the end of this year.
The ECB said […]

World Bank: China can help by boosting consumption

China can boost global economic growth by pressing ahead with reforms to promote domestic consumption and reduce reliance on exports and investment, World Bank President […]

U.S. jobs report fuels recession fears

A disastrous U.S. jobs report Friday provided the best evidence yet that the American economy is sputtering toward a recession.
Economists say that spells trouble for […]