A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said. » Read More
MOSCOW-- A Russian official says Facebook head Mark Zuckerberg is being encouraged to expand its operation in Russia. Russia's communications minister tweeted that Prime Minister Dmitry Medvedev persuaded the social media giant's founder Monday to abandon plans to lure away Russian programmers and instead open a research center in Moscow.
MADRID-- Europe's commissioner for monetary affairs, Olli Rehn, said Monday that Spain had as not yet asked for a bailout package and added that he was confident the recession-strapped country would meet its stated deficit reduction goals.
NEW YORK-- Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August _ a sign that business owners are becoming more confident about the economy.
BURLINGTON, Vt.-- The mayor of Vermont's largest city says a $1 million grant will help the Burlington Electric Department provide financing to customers for energy efficiency projects.
INDIANAPOLIS-- Federal Reserve Chairman Ben Bernanke is visiting Indianapolis to speak before the Economic Club of Indiana. A crowd of about 2,000 people is expected at Monday's luncheon at the Indiana Convention Center for Bernanke's speech, which is being watched as it comes in the midst of the presidential campaign.
AUGUSTA, Maine-- After a big drop last week, gas prices in Maine are back on the rise. Price-monitoring website MaineGasPrices.com reports Monday that the average retail price of gasoline in Maine has risen just over a penny in the past week to an average of $3.95.
CONCORD, N.H.-- The average price of gas in New Hampshire has gone up a penny a gallon in the last week, averaging $3.86. The national price, meanwhile, has fallen 2.4 cents per gallon to $3.79. The website Newhampshiregasprices.com says prices in the state were 39.2 cents per gallon higher than the same day a year ago and 11.4 cents per gallon higher than a month ago.
COLUMBUS, Ohio-- Ohio motorists will see gas prices holding steady as they begin a new work week. A month ago, the average gas price in Ohio was $3.89. This time last year, the Ohio average was $3.22.
BISMARCK, N.D.-- A lawmaker says he's expecting the North Dakota Legislature to take up the issue of whether workers who are locked out of their jobs should get unemployment benefits. The North Dakota Supreme Court is considering whether state law provides jobless benefits for about 400 locked-out workers at American Crystal Sugar Co..
The Lobster Academy runs from Monday through Thursday in St. Andrews, New Brunswick. The dean of the school is Bob Bayer, the head of the University of Maine's Lobster Institute. The academy evolved from the Lobster Institute's Lobster College, which was held in Boothbay Harbor and Winter Harbor for several years.
WICHITA, Kan.-- Seven men accused of cheating investors out of $132 million with false promises about companies that leased oil rigs are due in federal court in Wichita, Kan.. Six of the defendants are from Kansas; the other is from Oklahoma. Magistrate Judge Karen Humphreys in Wichita.
SUGAR LAND, Texas-- CVR Energy's refining subsidiary plans to raise up to $300 million in an initial public offering. CVR Refining LP plans to list its common units on the New York Stock Exchange under the ticker symbol "CVRR." Shares of CVR Energy Inc., based in Sugar Land, Texas, gained $3.70, or 10.1 percent, to $40.45 in morning trading.
MONTPELIER, Vt.-- The Randolph- based Vermont Technical College is getting a $3.4 million federal grant for training programs for state industries that support agriculture, food production, waste disposal and energy production.
TVA said contractors will begin work this week to replace 108 sirens and add four more in its nuclear plant emergency zone in Bradley and Hamilton counties. TVA has done similar siren work at Browns Ferry Nuclear Plant near Athens, Ala., and plans an upgrade at Watts Bar Nuclear Plant in Spring City. TVA says it's investing $7 million in the project.
WASHINGTON-- U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Overall construction spending dipped 0.7 percent in August from July, the Commerce Department reported Monday. The decline lowered construction spending to a seasonally adjusted annual rate of $834.4 billion.
CHATHAM, Va.-- Leaders of the Virginia county that is home to one of the world's largest uranium deposits are set to debate the state's 30- year ban on the mining of the radioactive ore. The Pittsylvania County Board of Supervisors is scheduled to vote Monday on a resolution introduced by Supervisor Marshall Ecker.
KALAMAZOO, Mich.-- Medical device maker Stryker Corp. on Monday named Kevin Lobo, the president of its orthopedics business, as its new president and CEO, effective immediately.
DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.
WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.
LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.