This came after Greece's finance minister said the government would not cooperate with the European Union and International Monetary Fund mission. The Dow Jones industrial average .DJI fell 251.9 points, or 1.45 percent, to 17,164.95, the S&P 500 .SPX lost 26.26 points, or 1.3 percent, to 1,994.99 and the Nasdaq Composite .IXIC dropped 48.17 points, or 1.03 percent, to 4,635.24.
Archive for the ‘Business News’ Category
Earlier this week, we hosted a Twitter chat that tackled questions about diversity in public radio and the pressure some journalists of color feel to sound “white.”
Greece’s new finance minister snubs his main eurozone counterpart, saying Athens will not negotiate over debts with the EU-IMF troika.
BBC News – Business
By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of bullish growth and is likely to be short-lived given the enormous tailwind from lower gasoline prices. Other data on Friday showed consumer sentiment jumped to an 11-year high in January. Gross domestic product expanded at a 2.6 percent annual pace after the third quarter's spectacular 5 percent rate, the Commerce Department said in its first fourth-quarter GDP snapshot on Friday Most economists believe fundamentals in the United States are strong enough to cushion the blow on growth from weakening overseas economies.
Education Minister Yuan Guiren says the country’s institutions of higher learning should stop using textbooks that criticize China’s leaders and political system.
Eurozone deflation deepens in January, as prices fall by 0.6% compared with last year, pushed down by lower oil prices.
BBC News – Business
Scientists studying HIV and Ebola have noticed another virus hitching along for the ride in some blood samples. Now they’re trying to figure out whether the lurker helps the body fend off disease.