Monday, Oct. 7, 2013 | 7:01 p.m.
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Debt limit overtaking shutdown as US crisis focus
A possible national default loomed closer on Monday as the partial government shutdown lingered, rattling markets in the U.S. and overseas. A gridlocked Congress betrayed little or no urgency toward resolving either of the threats. Stocks got a case of the jitters on Wall Street, and halfway around the world ...
Mark Cuban says he won't be bullied by SEC
Mark Cuban says he learned he was being sued for insider trading when he turned on CNBC one day "and I was the headline." The billionaire and Dallas Mavericks owner told jurors in federal court Monday that the news made him "sick to my stomach." Cuban testified that he could ...
Greece expects economy to grow, finally
Greece expects its economy to grow next year — at last. In its draft budget presented Monday, the government forecast the economy would grow 0.6 percent in 2014, its first annual increase since 2007. This year it is predicted to shrink 4 percent, leaving the economy 25 percent smaller than ...
WH Open to Short-term Hike in Debt Limit
Senate Democrats intend to introduce legislation to raise the nation's debt limit, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default. (Oct. 7)
Cooper Tire, Apollo Tyres agreement grows strained
Cooper Tire & Rubber Co. shares plunged Monday as its $2.2 billion deal with Apollo Tyres Ltd. becomes more uncertain. India's Apollo is seeking a lower price than the original $35 per share it offered Cooper in June because of added costs for union matters. Findlay, Ohio-based Cooper said it ...
In blow to Boeing, JAL makes 1st buy from Airbus
Usually when Japanese airlines need to buy a big plane, they go to Boeing. Not this time. Japan Airlines ordered its first Airbus jets on Monday. It's buying 31 A350s, the European plane maker's new long-range, fuel-efficient jet. JAL also has an option to buy 25 more Airbus planes. Monday's ...
Greek ex-minister jailed for 20 years for graft
A former Greek defense minister was jailed for 20 years after being found guilty Monday of money laundering in the most prominent corruption case to date in the financially stricken country. After a five-month trial, an Athens court found Akis Tsochadzopoulos, a prominent figure in previous Socialist governments, guilty along ...
Stocks fall as government shutdown drags on
Investors sent the Standard & Poor's 500 index to its lowest close in a month Monday as few signs emerged of a deal to end the U.S. government shutdown and raise the nation's borrowing limit. Senate Democrats moved to introduce legislation to raise the nation's debt limit without the unrelated ...
Fictional anchor Ron Burgundy pitches for Chrysler
When you've got the smallest marketing budget of the Detroit Three automakers, you have to take risks to get your TV spots noticed. That's why Olivier Francois, Chrysler's marketing chief, gambles a lot. He's following successful ads featuring rapper Eminem and movie star Clint Eastwood with a pitch from a ...
Stocks slide as Washington stalemate drags on
The stock market is closing at its lowest level in a month as the U.S. government enters a second week of being partially shut down. Investors fear the budget stalemate could prevent Congress from raising the government's borrowing limit by next week's deadline, bringing a threat of a debt default ...
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