A year after being bailed out, Greece is on the brink of default. To save itself, it must dump the euro and stop coddling its citizens. European nations must give up the belief that the benefits of capitalism can be accomplished without individual responsibility, risk taking, and rewards.
Dow closes up 54 points, after moving more than 170 points higher. For the week, all three major US indexes fell more than 1 percent.
Rising oil prices have been part of a surge for commodities like gold and silver. The drop in oil prices this week suggests that that surge might be ending.
Oil price drop: Thursday's oil price drop was the second largest one-day drop on record. Here is what triggers these drops.
It's 'the mother lode of intelligence,' a US official said of the materials found with Osama bin Laden in Abbattabad, Pakistan. The Wall Street Journal called the cache of computers and documents 'the largest potential intelligence coup of the post-9/11 era.' Here's a look at what was discovered, where it is now, and what it might reveal.
The box-office results for 'Atlas Shrugged' show that cinematic clashes between self-made industrialists and government bureaucrats fit this moment in American history snugly, addressing tea party sentiments.
The Dow rose about 56 points, with Merck and DuPont gaining and Bank of America and Cisco falling
Portugal formally requested a bailout Thursday, which will likely come just in time for it to pay back debts that come due in June.
Stocks fell initially on Japan's latest earthquake, but recovered some of their losses. The Dow average dropped 17 points; the S&P 500 index fell 2 points.
Portugal announced today that it would seek a bailout from the European Union, becoming the fourth country in western Europe to request a financial rescue package. All eyes are now on Spain, the last of the so-called PIGS (an acronym for Portugal, Ireland, Greece, and Spain, the least economically robust members of the eurozone) to not request a bailout. Here's a look at the financial rescue packages for each nation.