Shares edge up, euro vulnerable on divided EU summit
TOKYO - Asian shares rose on Thursday on encouraging U.S. economic data, but prices were capped with investors tense ahead of a European Union summit deeply divided on how to tackle the protracted euro zone debt crisis and stop it spreading further.
Recent Business News
American Airlines, pilots reach tentative contract
- Pilot union leaders at American Airlines reached a tentative agreement with management on Wednesday on a steep cost-cutting contract aimed at heading off a threat by the carrier to abandon the current deal in bankruptcy and impose stricter terms.
Airbus mulls U.S. assembly plant: sources
- Europe's Airbus is seriously studying the possibility of opening an assembly line in the United States, marking a direct challenge to Boeing in its home market as competition heats up in the global jet market, people familiar with the matter said.
Barclays paying $453 million to settle Libor probe
WASHINGTON/LONDON - U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars. | Video
Santos LNG project cost blows out to $18.5 billion
PERTH - Santos hiked the cost of its Gladstone LNG project on Thursday by 15 percent to $18.5 billion, saying it needs to find more gas ahead of a planned 2015 start-up, adding to evidence about the challenges facing Australia's coal seam gas industry.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,627.01 |  +92.34 |
+0.74% |
| S&P; 500 | 1,331.85 | +11.86 |
+0.90% |
| NASDAQ | 2,875.32 | +21.26 |
+0.74% |
| TR US Index | 120.37 | +1.09 |
+0.91% |
Sector Summary
| Energy | +1.64% |
| Basic Materials | +0.63% |
| Industrials | +0.98% |
| Cyclical Goods & Services | +0.40% |
| Non-Cyclical Goods & Services | +0.75% |
| Financials | +1.10% |
| Healthcare | +0.99% |
| Technology | +0.78% |
| Telecoms | +0.52% |
| Utilities | +0.96% |
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