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Marianne D. Fishler: A credible Europe solution would aid markets
Over the last 10 years, investors have certainly had many issues facing them as they make long-term decisions regarding their investment strategy. The most recent issue affecting the markets is Europe (although the budget debate in the U.S. is a close second). We see trends improving in the U.S. economy, so why isn’t the U.S. […]
Pennsylvania-based Air Products sells home care business for $750M
LEHIGH VALLEY, Pa. — Air Products & Chemicals Inc. is selling its Continental Europe home care business to The Linde Groupe of Germany for 590 million euros ($749.9 million), the Pennsylvania-based company said Monday. The business being sold provides oxygen therapy, sleep therapy, and infusions, and it operates in Germany, France, Spain, Portugal and Belgium. […]
Central banks’ actions lift world markets
FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars. Stock markets around the world roared their approval. The Dow Jones […]
Milk does a body good — even when worn
HANNOVER, Germany — Wear Milk? Anke Domaske says why not. The 28-year-old German is the designer of an award-winning new textile made entirely from milk that’s environmentally friendly as well as soothing to people with skin allergies. Called “Qmilch,” it drapes and folds like silk, but can be washed and dried like cotton. The biochemist […]
Apple’s earnings miss drags tech stocks lower
NEW YORK — A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in talks to resolve Europe’s debt crisis. The leaders of Germany, France, the International Monetary Fund and the European Central Bank met Wednesday in preparation for a […]
Stocks slide as Germany cools hope for debt deal
NEW YORK — Stocks opened the week lower Monday after the German government played down hopes that a solution to Europe’s debt crisis was imminent. Expectations that a resolution to the crisis could be reached at a European summit in Brussels Oct. 23 helped lift the S&P 500 to its biggest gain in two years […]
The Daily Record News Quiz: October 3 – 7
Have you been keeping up with The Daily Record’s news this week? Take our 10-question weekly news quiz in this fun, interactive feature. Leave a comment below and tell us how many questions you got right!
Week in review: 10/6/11
Under Armour wants TIF aid The Baltimore City Council is expected to consider a request this fall by Under Armour Inc. for tax increment financing bonds to fund a portion of the company’s major expansion at Locust Point’s Tide Point complex. No horse racing deal yet The Maryland Jockey Club and Penn National Gaming Inc. will […]
BWI says ‘guten tag’ to Condor Airlines
German air carrier Condor Airlines will begin flying twice-weekly, seasonal service from Baltimore-Washington International Thurgood Marshall Airport to Frankfurt in July, the airport announced Monday. Condor, the third-largest German airline, will be the second European carrier in BWI’s William Donald Schaefer International Terminal, which opened in 1997 to great expectations that have gone unm[...]
Coast Guard Cutter to visit Baltimore Inner Harbor
The Coast Guard Cutter Eagle will be docking in Baltimore’s Inner Harbor this weekend. The visit marks the end of the fall training cruise for the tall ship. The Coast Guard says the Eagle will be open for tours on Friday from 3 p.m. to 7 p.m., and on Saturday and Sunday from 10 a.m. […]
Global leaders struggle to calm recession fears
WASHINGTON — The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But so far, markets are not buying the new commitments. U.S. stocks were falling in early trading Friday and […]
Wall Street sharply lower on fears about economy
NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell more than 400 points, the second consecutive rout in the stock market since the Federal […]
