U.S. stocks rose, snapping a six- week drop for the Dow Jones Industrial Average, as European leaders moved closer to a compromise on a Greek bailout and an index of leading American economic indicators beat estimates.
BusinessWeek.com — Finance
European stocks declined, with the Stoxx Europe 600 Index heading for its longest weekly losing streak in more than three years, as concern escalated that Greece will default on its sovereign debt. Asian stocks and U.S. futures slipped.
BusinessWeek.com — Finance
Americans’ views on the economy’s outlook soured in June, showing that unemployment, inflation and the slump in housing are concerning consumers.
BusinessWeek.com — Finance
U.K. retail sales dropped more than economists forecast in May as higher fuel costs and concern about employment prospects restrained consumer spending.
BusinessWeek.com — Finance
U.S. stocks were little changed, following six weeks of losses, as a slump in energy and raw material producers wiped out an earlier rally.
BusinessWeek.com — Finance
Royal Bank of Canada, the country’s largest lender, is starting a nationwide marketing campaign touting lower home-equity loan rates than most rivals to gain customers as it combats a slowdown in Canadian consumer lending.
BusinessWeek.com — Finance
Middle East shares fell, with Dubai’s stocks retreating to the lowest this month, after data from the U.S., India and China fueled concern global economic growth is slowing, damping investor appetite for riskier assets.
BusinessWeek.com — Finance
Bank loans outstanding to small businesses declined by 2.4 percent, or $ 15 billion, in the first quarter of 2011, the Small Business Administration’s Advocacy Office reports today. Here’s what the drop looks like over the last five quarters:
BusinessWeek.com — Small Business
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