Participants have made some headway toward making markets function more smoothly when they are under stress. » Read More
The three-month London Interbank Offered Rate — Libor — is around the highest level it's been since May 2009.
Portugal's bank recapitalization plan is "another big step towards the stabilization of the Portuguese financial system," the finance minister says.
Shares of Teva Pharmaceuticals fell as much as 6 percent after the U.S. Patent Office invalidated two of the company's patents.