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Yemen’s outgoing president decided to stay in the country, reversing plans to leave, his ruling party said Saturday, in an apparent attempt to salvage his control over the regime, which has appeared to unravel in the face of internal revolts and relentless street protests.
In a sign of the fraying, the son and nephew of President […]

Italy auctioned 7 billion euros ($9 billion) of debt to bring the total raised this week to almost 20 billion euros, underscoring how the European Central Bank is helping the world

U.S. stocks surged Tuesday as concerns about the European debt crisis eased and investors welcomed signs of strength in the U.S. housing market.
The Dow Jones industrial average () rose 337 points, or 2.9%, to end at 12,103. The S&P 500 () jumped 36 points, or 3%, to 1,241. The Nasdaq () gained 80 […]

Delta Air Lines Inc. is boosting its flying out of New York’s LaGuardia airport, adding routes that target American Airlines and put it in a better position to compete against United.
Delta says the additions make it the biggest airline between the New York area and cities in the U.S. That should help it grab more […]

A closely-watched survey shows German investor sentiment grew in December, ending a nine-month downward trend.
However, the rise was not as big as expected as Europe’s raging debt crisis weighs heavily on the continent’s largest economy.
The ZEW investor sentiment index for December released Tuesday was up 1.4 points to minus 53.8 points overall. Analysts had forecast […]

Citigroup says it is cutting 4,500 jobs over the next few quarters.
CEO Vikram Pandit said the job cuts are part of the New York bank’s efforts to reduce costs. Pandit made the remarks Tuesday at a financial services conference hosted by Goldman Sachs & Co.
Citigroup Inc.’s fourth-quarter results will include $400 million in expenses related […]

The unemployment rate, which has refused to budge from the 9 percent neighborhood for two and a half frustrating years, suddenly dropped in November, driven in part by small businesses that finally see reason to hope and hire.
Economists said there was a long way to go but liked what they saw.
The rate fell to 8.6 […]

The leaders of France and Germany will meet next week and plan to push for fundamental changes to the European treaty governing the currency shared by 17 nations, President Nicolas Sarkozy said Thursday.
Sarkozy said in a speech in the southern port city of Toulon that during their meeting in Paris on Monday he and German […]

Carl Icahn said Monday that he wants to buy Commercial Metals Co. for about $1.73 billion and combine parts of it with metals recycling businesses that he already owns.
The billionaire investor, who already owns almost 10 percent of Commercial Metals, said he also plans to nominate three of his associates to be directors on its […]

Hungary has slammed Moody’s decision to downgrade its credit rating to junk status, describing it Friday as another unjustified financial attack against the country.
Hungary, which last week asked the International Monetary Fund and the European Union for possible financial help, is feeling the fallout from the debt crisis in the 17-country eurozone, even though it […]