European Union

Eurozone Joblessness Rises to a Record 12%

Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures show.

Bank Shutdown Hammers Cyprus' Businesses

Banks across Cyprus remain locked Tuesday after financial authorities extended the country's bank closure, fearing worried depositors will rush to drain their accounts.

Cyprus Deal Could Bring U.S. Market Rally

The last-ditch effort to save the banking system in Cyprus should bring a rally when U.S. stock markets open on Monday, according to several investment managers.

Cyprus Secures Bailout, Avoids Bankruptcy

Cyprus secured a package of rescue loans in last-ditch negotiations early Monday, two EU diplomats said, saving the country from a banking system collapse and bankruptcy.

Market Minute: EU Slaps Microsoft with $733 Million Fine

European regulators have fined Microsoft $733 million for failing to give users of its Windows system a choice of Internet browsers. The company had settled an antitrust dispute four years ago by saying it would offer alternatives to its Internet Explorer, but failed to do so for more than a year.

U.S. Stock Prices Dip Ahead of Earnings Season Kickoff

U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."