Posts Tagged Economy

US stock index futures point to lower open

In this Aug. 16, 2007 file photo, the flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign. European stocks were lower after most Asian markets abandoned modest gains Thursday July 17, 2014 ahead of U.S. economic data and corporate earnings reports. (AP Photo/Richard Drew, file)

The stock market veered lower Thursday afternoon, weighed down by news that a passenger jet was shot down over Ukraine and by disappointing U.S. corporate earnings and housing data.

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Putin: US sanctions hurt bilateral ties, US firms

Russia's President Vladimir Putin arrives for an official group photo comprised of the leaders of the BRICS' nations and South American nations, during the BRICS Summit at the Itamaraty Palace, in Brasilia, Brazil, Wednesday, July 16, 2014. (AP Photo/Felipe Dana)

MOSCOW (AP) — President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.

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For US and Europe, divisions over Russia penalties

WASHINGTON (AP) — The United States and Europe are seeking to maintain a united front against Russia with coordinated announcements of new economic sanctions, but divisions persist over how aggressive the West should be in punishing Moscow for its threatening moves in Ukraine.

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Wizards get C Blair in deal with Dallas

WASHINGTON (AP) — The Washington Wizards have acquired center DeJuan Blair in a sign-and-trade deal with the Dallas Mavericks.

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US, Europe escalate economic sanctions on Russia

President Barack Obama speaks about the Israel Palestinian conflict and escalating sanctions against Russia in response to the crisis in Ukraine in the James Brady Press Briefing Room at the White House in Washington, Wednesday, July 16, 2014. (AP Photo/Charles Dharapak)

WASHINGTON (AP) — Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels “have consequences.”

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