European stocks slip on ratings cuts, US data European stocks slipped on Tuesday following disappointing US retail sales data, having largely taken in stride a Moody's ratings cut on six European nations overnight due to the eurozone crisis.
Eurozone stands by hard line on Greek bailout terms Pressure rose on Greece on Tuesday to enact deep budget cuts in return for a bailout, just as new economic data revealed acute distress and there was new talk of exclusion from the eurozone.
Obama calls for focus on vocational training (Reuters) - President Barack Obama on Monday proposed substantial new spending on education with a $69.8 billion education budget heavily focused on boosting vocational training, both at the high-school and college level. Overall, Obama asked for an increase of 2.5 percent, or $1.7 billion, in discretionary spending on education as part of his fiscal 2013 budget proposal to Congress. The ...
Wall St up on Greece, nears resistance NEW YORK (Reuters) - Stocks rose on Monday, led by bank shares after Greece's parliament approved reforms needed to qualify for a cash disbursement and avoid an unruly default. Greek lawmakers backed drastic cuts in wages, pensions and jobs on Sunday as the price of a 130 billion euro ($170 billion) bailout by the European Union and International Monetary Fund. But unrest in the streets and a ...
Obama "hopeful" on payroll tax cut extension WASHINGTON (Reuters) - President Barack Obama said on Tuesday he had seen "hopeful signs" that Congress would pass a payroll tax cut extension for the full year, as he kept pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track. "When a plane has finally lifted off the ground, you don't ease up on the throttle," Obama said at an event intended to showcase how ...
Youthful challenger takes on Chavez in Venezuela Venezuelan presidential candidate Henrique Capriles on Monday called for "balanced elections" and criticized the use of government money and slanted coverage in state media as President Hugo Chavez seeks re-election.
Kate Upton on cover of Sports Illustrated swimsuit edition LOS ANGELES (Reuters) - Sports Illustrated magazine on Monday unveiled its annual swimsuit issue with model Kate Upton on the cover in a two-toned, red string bikini with a bottom piece that, literally, appears to be little more than a string.
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