Stocks soar after Merkel, Sarkozy promise a ‘comprehensive response’ to European debt crisis Chip Cutter and Francesca Levy, AP Business Writers NEW YORK (AP) — Stocks rose sharply in the U.S. and Europe Monday after French and German leaders promised to strengthen European banks. The Dow Jones industrial average jumped […]

As recession concerns retreat, oil climbs 3 percent; gasoline pump prices holding steady Chris Kahn, AP Energy Writer NEW YORK (AP) — Oil prices jumped more than 3 percent Monday after France and Germany agreed to strengthen Europe’s ailing banks. The move by the eurozone’s two biggest nations helped ease […]

  By Vicky Buffery PARIS (Reuters) – The outlook for the world’s major economies is continuing to darken according to the latest data from the OECD published on Monday, which showed sharp falls in leading indicators for all countries except Japan. The Paris-based Organization for Economic Cooperation and Development said […]