- Spanish journalists kidnapped by al Qaeda group in Syria
- Nevada rescuers frenzied to find 4 kids, 2 adults lost in snow
- ‘TipsforJesus’ strikes in New York, with three massive tips
- John Podesta jumps aboard Obama ship to sell second-term agenda
- ‘Tis the Season: London florist creates $4.6 million Christmas wreath
- No tailgating allowed at Super Bowl XLVIII
- Pentagon to transport African troops to Central African Republic
- Chinese man fed up with his girlfriend’s shopping jumps to his death
- Ukraine leader to talk with protesters; Washington urges caution
- Pope Francis: A nun saved my life
Dollar weakens against other currencies
NEW YORK — The dollar slipped Monday against the euro even as problems in Greece highlighted Europe’s debt crisis. The yen and pound also were stronger against the U.S. currency.
European leaders have yet to reach an agreement on additional aid for Greece. Standard & Poor’s on Monday further cut Greece’s credit rating into junk territory, saying there was a significant risk of the country defaulting on its debt.
The euro rose to $1.441 from $1.435 late Friday but fell to a record low against the Swiss franc, which investors consider a safe-haven currency. It tends to rise during periods of geopolitical tension or when investors worry about slowing global growth or, as now, whether Greece will run out of funds.
European finance officials are meeting in Brussels next week to hammer out a deal on extended aid for Greece. The European Central Bank and the German government disagree on how best to contain the crisis, leaving investors worried about the prospects of an agreement.
Investors withdraw $3 billion in May
BOSTON — Investors last month appeared to follow the adage “Sell in May,” interrupting their recent return to the stock market.
They withdrew $2.7 billion more than they deposited into stock mutual funds in May, snapping a four-month string of net deposits that began in January, Strategic Insight said Monday.
Bond funds and funds buying foreign stocks attracted net deposits as investors became less confident about the U.S. stock market amid signs that the economic recovery is weakening, the New York-based fund industry consultant said.
Yet investors have put a net $39 billion into U.S. stock funds during the first five months of 2011.
$3.4 billion in bag fees collected in 2010
NEW YORK — The government says airlines collected $3.4 billion in baggage fees last year, up 24 percent from 2009.
By Tom Fitton
New photos confirm the attack's coordination and its cover-up
- FITTON: A closer look at the Benghazi lie
- Obama eulogizes Mandela, calls him 'the last great liberator'
- Troops forced to rely on welfare, holiday charity
- Israeli P.M. Benjamin Netanyahu backs out of Nelson Mandela funeral
- Chinese man fed up with his girlfriend's shopping jumps to his death
- Obama lied about Syrian chemical attack, 'cherry-picked' intelligence: report
- CURL: Obama tells a whopper on IRS scandal
- NSA monitored 'World of Warcraft' players
- MSNBC host: Obamacare a 'wealthy white men' racist word
- American bourbon now better than Scottish whiskey: U.K.-born expert
Independent voices from the The Washington Times Communities
This column will cover the experiential spectrum of music as well as politics and all the things caught in between.
Listening to the heartbeat of Louisiana, including events, food, family and culture.
The Constitution: Every issue, every time. No exceptions, no excuses. And how to get from here to there.
Crystal Wright is a black conservative woman living in Washington, D.C.
White House pets gone wild!
Let it snow