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Portugal, Ireland woes dominate EU summit
BRUSSELS -- Just on the day EU leaders were hoping to present the final version of their plan to solve the region's debt crisis, their summit in Brussels was overwhelmed Thursday by debate over Portugal's political crisis and Ireland's banking woes.
Thu, 24 Mar 2011 15:43:49 EDT

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Moody's downgrades ratings of Spanish banks
MADRID -- Moody's downgraded the debt of 30 Spanish banks Thursday but left untouched the ratings of the country's three largest banks, highlighting the weaknesses in Spain's financial system a day after the government in neighboring Portugal fell.
Thu, 24 Mar 2011 13:59:34 EDT

Markets brush off Portuguese bailout concerns
LONDON -- Markets on Thursday brushed aside mounting speculation that Portugal would soon be tapping a European bailout fund amid hopes that the continent's debt crisis may be about to claim its final scalp - for now.
Thu, 24 Mar 2011 13:04:09 EDT

Japan disaster reminds businesses about insurance
NEW YORK -- It might be inconceivable to small business owners that a disaster hundreds or thousands of miles away could shut them down. But the earthquake and tsunami in Japan have interrupted shipments of parts and finished goods to companies in the U.S., and sent many of them to call their...

Thu, 24 Mar 2011 12:25:05 EDT

Irish economy shrinks for 3rd straight year
DUBLIN -- Ireland's economy shrank in 2010 for the third straight year and the yields on Irish bonds rose to euro-era highs Thursday amid fears that the cost of rescuing the country's failed banks will overwhelm its finances even with the international bailout.
Thu, 24 Mar 2011 10:53:15 EDT

Egypt stock market resumes decline after reopening
CAIRO -- Egypt's benchmark stock index fell for the second consecutive day on Thursday, closing almost 4 percent lower but paring steeper losses earlier in the session as investors looked to unload holdings after the market's nearly two month closure.
Thu, 24 Mar 2011 09:01:05 EDT

Texas businessman guilty in $100M insurance scheme
RICHMOND, Va. -- A Texas businessman faces decades in prison after being convicted in a $100 million life insurance fraud scheme in which his company used investors' money to buy policies at less than face value then collected benefits when the insured people died.
Wed, 23 Mar 2011 20:50:23 EDT

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