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Central Bank President Warns That Euro Is Unstable

The president of the European Central Bank warned Thursday that the set-up of the European currency is unsustainable. In some of the harshest remarks by a senior European official to date, Mario Draghi criticized the vacuum resulting from the lack of action by European governments.
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Battered Spanish Economy Nears Tipping Point

After watching Greece from afar, many Spaniards feel that they could be next in line for a costly bailout. Spain will have to pay $40 billion in interest this year alone. Unemployment tops 24 percent and is rising.
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For Many Teens, Summer Jobs May Be Thing Of The Past

A recession and its lingering effects have made it even harder for teens to find summer employment. But the drop off in teen summer hiring predates the recession.
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Bloomberg's Sugary Drink Ban May Not Change Soda Drinkers' Habits

Mayor Bloomberg's proposed ban on large sugary drinks may not slake peoples' thirst for them, or address the obesity problem. A behavioral expert says people who want to buy lots of soda may just rebel at being told what to do.
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Wal-Mart Pulls Out Of Group That Advocates 'Stand Your Ground' Laws

The giant retailer has joined the list of major corporations withdrawing their support from the conservative political organization, which advocates a type of law that came under intense focus after the Trayvon Martin killing became a national story.
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U.S. Economic Growth Falls Short Of Expectations

The Commerce Department reported Thursday that the economy grew 1.9 percent in the first three months of the year, down from an earlier estimate of 2.2 percent. And more Americans are jobless and seeking benefits, according to the Labor Department.
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Job Growth Slow, Jobless Claims Up, GDP Revised Down

The widely watched ADP National Employment Report says just 133,000 jobs were added to payrolls in May. Meanwhile, there were 10,000 more people applying for unemployment benefits last week.
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Bloomberg Aims To Take Gulp Out Of Sugary Drinks With Ban On Big Ones

New York City's mayor wants to block sales of sugary drinks larger than 16 fluid ounces. It's his latest idea about making his city healthier. Is it a good one?
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India's Economic Slide Called 'Extremely Concerning'

Economists had predicted the growth of Asia's third-largest economy would continue to slow this year. But the latest data suggests the Indian economy is in worse shape than many analysts thought. The country's growth in the first quarter of this year was only 5.3 percent, compared to 9.2 percent last year.

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