EU weighs options for common bank bailout fund

LUXEMBOURG — Eurozone finance ministers on Monday sought ways to create a common fund to restructure or bail out troubled banks, an effort to keep financial problems in one country from endangering the entire 17-nation currency zone. The ministers'...

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SF-area transit strike averted _ at least for day

OAKLAND, Calif. — San Francisco Bay Area rapid trains are running Monday morning after the transit agency and two of its largest unions agreed to extend contract talks over the weekend to avoid a strike. Bay Area Rapid Transit leaders and representatives...

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Maine blueberry crop expected to be above average

PORTLAND, Maine — Maine's wild blueberry fields for the most part escaped widespread damage from a harmful new fruit fly during the summer harvest, resulting in what is expected to be an above-average crop. Before the harvest began in early August,...

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Spaniards sue German firm over thalidomide

MADRID — Some 200 Spaniards born with severe defects after their mothers used the drug thalidomide during their pregnancies decades ago took the drug's German producer to court Monday to seek 204 million euros ($277 million) in compensation. Thalidomide...

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High court weighs Mich. ban on affirmative action

WASHINGTON — After the Supreme Court ruled a decade ago that race could be a factor in college admissions in a Michigan case, affirmative action opponents persuaded the state's voters to outlaw any consideration of race. Now, the high court is weighing...

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Portugal's government wants to trim corporate tax

LISBON, Portugal — Bailed-out Portugal's government wants approval from Parliament to trim the corporate tax rate to 23 percent from 25 percent next year as a way of generating economic growth. Portugal is expected to weather a third straight year of...

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3 US economists win Nobel for work on asset prices

STOCKHOLM — Three American professors won the Nobel prize for economics Monday for shedding light on how stock, bond and house prices move over time— work that's changed how people around the world invest. Two of the winners — Eugene Fama, 74, and Lars...

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Markets steady as debt ceiling deadline looms

LONDON — Three days from a deadline to increase the U.S. debt ceiling, investors remain focused on developments in Washington. Most think a deal will be reached in time and stock markets were holding up Monday. The U.S. has to increase the amount of...

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Senate Dem leader: 'We're getting closer' to deal

WASHINGTON — Senate Majority Leader Harry Reid says he's getting closer to a deal with Republican leader Mitch McConnell that would increase the nation's borrowing authority and end the 2-week-old government shutdown. Reid made the comments to reporters...

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Obama: Without deal 'good chance of default'

WASHINGTON — President Barack Obama is sounding an optimistic note saying there has been progress in the Senate toward resolving a standoff over the nation's debt and the partial government shutdown. But he cautions that if Republicans don't cooperate,...

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