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A worker adjusts the valve of an oil pipe in Tawke oil field near Dahuk, 400 kilometers north of Baghdad, November 14, 2011.
Photo: Reuters

Iraq Struggles to Create Jobs and Wealth

Despite its remarkable oil wealth, the country is beset by high unemployment, war damage and the lingering effects of sanctions

Full story »

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President Barack Obama signs the payroll tax cut extension in the White House Oval Office, in Washington, December 23, 2011.

Congress Passes Payroll Tax Cut to End Political Standoff

With many members already out of town for holidays, chambers approved legislation in brief morning sessions

Internally displaced women wait to receive relief food from a distribution center in Hodon district in the south of Somalia's capital Mogadishu, August 25, 2011 (file photo).

US Money Transfers to Somalia at Risk

Last week, small US bank said it would stop wiring cash to companies in Somalia because it feared violating US counter-terrorism laws

A screen showing the Korea Composite Stock Price Index in Seoul, South Korea, Aug. 5, 2011 (file photo).

S. Korean Economy Strong Despite North's Transition

Seoul is taking steps to shore up economy and reassure investors, and so far it appears to be working

Inlingua staff prepares for end of 2011 academic year

For Some, Learning English is Business

Foreigners hoping to score better jobs, business deals travel to US to beef up English skills

A sign marks the entrance to a job fair in New York, October 24, 2011.

Economic Turbulence Forecast for 2012

Europe's debt crisis, the slowdown in China and U.S. spending cuts pose a serious challenges for policy makers

The Euro sculpture stands in front of the European Central Bank, right, in Frankfurt, Germany, December 16, 2011.

European Central Bank Lends Massive Amount to 17 Nations

523 banks will receive three-year loans amounting to $638 billion in hopes of limiting debt crisis

J.C. Penney stopped selling this t-shirt which reads, "I'm too pretty to do homework, so my brother has to do it for me," after an online backlash by consumers who considered the shirt design to be sexist.

Social Media Impacts Retailer Decisions

Customers make their feelings known through online campaigns

Maricopa County Sheriff's Office jail officers, who lost their federal power to check whether inmates are in the county illegally, give Sheriff Joe Arpaio a standing ovation, in Phoenix, Arizona, December 21, 2011.

US Illegal Immigrants, Mass Deportations Face New Scrutiny

Review comes as lawmakers in more US states are passing tough anti-immigration laws

Mazyar Kazerooni

High School Dropout Hits It Big on the Internet

Mazyar Kazerooni started his first Internet company while he was still in high school

Kaeli Chang and her doll Kaeli at the American Girl Doll Store

American Girl Doll Store Sells Innocence and Mothers Are Buying

American Girl, which sells dolls, books and accessories, does not seem to be feeling pinch of a tight economy

A shop in Brighton, southern England displays holiday season sale banners, December 15, 2011

Economic Worries Spark French-British Tensions

Poor economies are straining EU ties, fueling debate that Europe must either unite fiscally or face prospect of eurozone breakup

Economist Heiner Flassbeck speaks during a Swiss Social Democrats party meeting in Aarau, Switzerland, October 2008. (file photo)

UN Issues Dire Warning About World Economy

UN economist Heiner Flassbeck urges nations to embrace policies that stimulate growth, rather than deficit-cutting steps

This photo of Avery Brewing Company’s “Out of Bounds” seasonal brew carries the skiing theme beyond the bottle

Beer Gets a Seasonal Twist on Taste

American brewers fill stores with special winter varieties

The International Monetary Fund (IMF) logo

Eurozone Finance Chiefs Fall Short on Bailout Fund

Money could be needed to rescue Italy, Spain if they default on their debts

World Markets

Name Points Change
DJIA 12,294.00 +124.35 +1.02%
S&P; 500 1,265.33 +11.33 +0.90%
NASDAQ 2,618.64 +19.19 +0.74%
FTSE 100 5,512.70 +55.73 +1.02%
CAC-40 3,102.09 +30.29 +0.99%
DAX 5,878.93 +26.75 +0.46%

Updated: 12:47 UTC

Quotes delayed at least 15 minutes.
Market data provided by Interactive Data.
Terms & Conditions.

Name USD Change
EUR 1.31 +0.00 +0.19%
JPY 0.01 +0.00 +0.16%
GBP 1.56 +0.00 +0.11%
BRL 0.54 +0.00 +0.31%
AUD 1.02 +0.00 +0.12%

Updated: 12:47 UTC

Quotes delayed at least 15 minutes.
Market data provided by Interactive Data.
Terms & Conditions.

Name Price Change
Oil 107.96 +0.07 +0.06%
Gold 1,606.00 -2.90 -0.18%
Copper 346.35 +5.45 +1.60%
Rice 13.91 -0.15 -1.03%
Cotton 87.24 +0.00 +0.00%
Wheat 622.00 +0.25 +0.04%
Sugar 23.59 +0.15 +0.64%
Cocoa 2,218.00 -3.00 -0.14%
Coffee 219.65 -1.75 -0.79%

Updated: 12:47 UTC

Quotes delayed at least 15 minutes.
Market data provided by Interactive Data.
Terms & Conditions.

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