News / 

World stocks ruffled over Greece...Employment and budget-related data due today...Congress takes up fast track

By The Associated Press | Posted - May 12, 2015 at 4:40 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SEOUL, South Korea (AP) — International stock markets were ruffled today by gyrations in bond markets and lack of an outcome from bailout talks between Greece and its European creditors as the Greek government runs low on cash. Chinese stocks extended gains after an interest rate cut on the weekend. Futures point to a lower opening on Wall Street. Benchmark U.S. crude oil rose to just under $60 a barrel. The dollar weakened against the yen and the euro.

WASHINGTON — The Labor Department is to release its job openings and labor turnover survey for March at 10 a.m. Eastern. Later today the Treasury Department is to release the federal budget for April. That's at 2 p.m. Eastern.

WASHINGTON (AP) — A Senate vote today is seen as an important test of President Barack Obama's trade agenda. Supporters need 60 votes just to begin debate on the bill to give Obama "fast track" authority. That would let him present Congress with proposed trade agreements it can ratify or reject, but not amend. Much of the opposition comes from his fellow Democrats who worry more jobs will be shipped overseas.

MADRID (AP) — Spain's Defense Ministry says it has withdrawn flying permission for Airbus A400M planes in their production phase until an investigation determines the cause of a crash last weekend near the southern city of Seville that killed two pilots and two flight test engineers. Four of the five countries that already have A400Ms — Britain, Germany, Malaysia and Turkey — have grounded the plane. France, which has six, says it will only use the aircraft in urgent operations.

SALT LAKE CITY (AP) — A federal judge is refusing to block a Utah law banning minimum prices for contact lenses that has drawn the ire of the nation's largest manufacturers. U.S. District Judge Dee Benson in Salt Lake City said in court documents that he wasn't persuaded by arguments from contact-lens makers Johnson & Johnson, Bausch & Lomb and Alcon Laboratories that the law is unconstitutional. It's part of an increasingly bitter fight with discount retailers.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast