European stocks as well as the euro dropped as optimism from last week's euro crisis summit yielded to tough questions about the EU's ability to avert fresh crises.
German Chancellor Angela Merkel has opposed many of the moves to stabilize the eurozone that her European colleagues favor. Is she the steady hand Europe needs now, or does she lack political courage?
The Dow rose 52 points to close at 12150 following a report that European leaders are considering more aggressive programs to bail out weaker countries in the region.
Mansoor Ijaz, a 'citizen diplomat,' alleges Pakistani leaders knew of the Osama bin Laden raid ahead of time. The media frenzy in Pakistan over 'memo-gate' highlights the fragility of the government.
While it's been a hard year for bank stocks, news could pick up next year – if politics in the US and Europe settle down first. For investors in bank stocks, that's a big 'if.'
Chinese businessman Huang Nubo planned to invest $200 million in Iceland, but it has sparked national security concerns, despite popular support in a country still reeling from its 2008 financial collapse.
Pakistani Ambassador to the US Husain Haqqani resigned because of the 'memo-gate' scandal, which has rocked the world of Pakistani politics and exposed widening rifts between civilian and military leaders.
Pakistan's US Ambassador Husain Haqqani has been embroiled in controversy at home over a claimed civilian government promise to rein in the military's Inter Services Intelligence agency.