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Back to 2007 levels...Protests in Spain and India

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Posted: Sep 15, 2012 10:30 AM

Updated: Sep 15, 2012 10:30 AM

NEW YORK (AP) With Friday's advance, the Dow stands at its highest level since November 2007. The index rose nearly 54 points in the latest session to 13,593.

MADRID (AP) Tens of thousands of people from all over Spain are rallying in the capital today against punishing austerity measures enacted by the government. Spain is stuck in a double-dip recession with unemployment close to 25 percent. It's raising expectations that Spain might soon ask for financial help.

NICOSIA, Cyprus (AP) Finance ministers of the European Union are pouring over proposals for a new region-wide banking supervisor. All 27 EU countries have to agree on the new framework, though it will only apply to the 17-nation eurozone at first. The remaining 10 countries in the EU can join if they wish.

NEW DELHI (AP) Angry Indian opposition parties are protesting the government's decision to open the country's huge retail market to foreign retailers. The government says it will allow foreign investment in retail and aviation and the sale of minority stakes in four state-run companies.

DETROIT (AP) Ford says it's cooperating with government safety regulators who are investigating Crown Victoria police cars. The government has received three complaints that part of the steering column can separate and cause loss of steering control. It affects about 195,000 cars from the 2005 through 2008 model years.

Topics: Saturday BusinessMinute

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