Wall St Week Ahead: Markets edgy on debt talk stalemate

Wall St Week Ahead: Markets edgy on debt talk stalemate (Reuters)

Posted: 24 Jul 2011 01:03 PM PDT

Reuters - Much of the United States may be frying in near-record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling has kept markets on edge, and investors are still waiting for a breakthrough that leads to a deal to avoid a devastating default.

Lawmakers still divided as debt deadline looms (Reuters)

Posted: 24 Jul 2011 06:26 PM PDT

Reuters - Lawmakers failed to achieve a budget breakthrough on Sunday and instead worked on rival plans in an impasse that heightened prospects for a catastrophic debt fault.

Analysis: Markets to hold U.S. feet to fire as default threatens (Reuters)

Posted: 24 Jul 2011 10:23 AM PDT

Reuters - Global financial markets have been more than patient throughout this summer's struggle over raising the U.S. debt ceiling. That patience may run out on Monday.

Analysis: In debt row, hints of emerging-economy crises (Reuters)

Posted: 24 Jul 2011 02:59 PM PDT

Reuters - Debt default. A ratings downgrade. Political deadlock. Such terms, once associated primarily with the developing world, now abound in the mighty United States.

GM clashed with Kremlin over Opel unit: report (Reuters)

Posted: 24 Jul 2011 06:34 PM PDT

Reuters - General Motors canceled the sale of its Opel and Vauxhall brands two years ago because the proposed buyers were demanding the right to sell its factories to a Russian state-owned car maker, the Times said on Monday.

Fitch: Greek deal to put country in default (AP)

Posted: 22 Jul 2011 06:09 AM PDT

AP - Greece will be ruled in default on its debt as a result of a new eurozone plan asking investors to take losses on the country's bonds, Fitch ratings agency said Friday.

McDonald's sales keep rising, even with price hike (AP)

Posted: 22 Jul 2011 03:10 PM PDT

AP - McDonald's said Friday that its net income rose 15 percent in the second quarter as it continues to entice customers to buy new menu items even as the sluggish economy forces them to cut back spending in other areas.

Anti-austerity protesters return to Madrid plaza (AP)

Posted: 24 Jul 2011 01:38 PM PDT

AP - Thousands of protesters angry about Spain's brutal economic woes once again filled Madrid's downtown Sol square Sunday after many spent weeks marching hundreds of kilometers (miles) from far-flung cities across Spain.

Maid speaks out, seeks jail for Strauss-Kahn (AFP)

Posted: 24 Jul 2011 06:50 PM PDT

AFP - A Guinean woman who has accused former IMF chief Dominique Strauss-Kahn of trying to rape her in a New York hotel has broken her silence, saying she wants him to go to jail and to clear her name.

National gas prices up 9 cents in past 2 weeks (AP)

Posted: 24 Jul 2011 02:51 PM PDT

AP - The average U.S. price of a gallon of gasoline has jumped nearly nine cents in the past two weeks.

Credit Suisse unlikely to get help over U.S. tax probe (Reuters)

Posted: 24 Jul 2011 05:35 AM PDT

Reuters - Switzerland's parliament would not vote for a second tax treaty to help settle U.S. charges that Credit Suisse bankers helped wealthy Americans evade taxes, Swiss politicians were quoted as saying on Sunday.

Gas jumps more than 8.5 cents per gallon in U.S.: survey (Reuters)

Posted: 24 Jul 2011 10:40 AM PDT

Reuters - The average price for a gallon of gasoline in the United States rose for the first time since early May following an increase in the price of crude oil, according to the latest nationwide Lundberg survey released on Sunday.