
7:41am: Swiss mining company Glencore to acquire rival Xstrata in $61.9 billion all-stock merger. More
Chinese PMI reading from government signals expansion in manufacturing, while HSBC report shows contraction for 3rd straight month.

European Commission blocks proposed merger of exchange operators Deutsche Boerse and NYSE Euronext.

Uptick in violence post-U.S. withdrawal sparks fears that Iraq may not be able to deliver on its lofty oil production targets.

The oil giant says earnings rose 2% in the fourth quarter, despite a drop in oil and gas production. Shares

Unions, trade groups and Democratic lawmakers from industrial Midwest call on Obama administration to take action against rising tide of Chinese auto parts.

Most leaders of the 27-nation EU agree to a fiscal compact and endorse a plan to strengthen a financial firewall against the debt crisis. No new help for Greece.

Carnival projects a hit of up to $395 million from the Costa Concordia tragedy off Italy as well as the rising cost of fuel.

The euro has rebounded recently. But experts say the rally may be short-lived as debt problems haven't gone away.

European markets slump as Greek talks drag on with no agreement in sight. Asian markets sink as well.

Fitch also cuts ratings for Slovenia, Belgium and Cyprus; leaves Ireland unchanged.