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Portugal, Ireland woes dominate EU summit
BRUSSELS -- Just on the day EU leaders were hoping to present the final version of their plan to solve the region's debt crisis, their summit in Brussels was overwhelmed Thursday by debate over Portugal's political crisis and Ireland's banking woes.

Moody's downgrades ratings of Spanish banks
MADRID -- Moody's downgraded the debt of 30 Spanish banks Thursday but left untouched the ratings of the country's three largest banks, highlighting the weaknesses in Spain's financial system a day after the government in neighboring Portugal fell.

Markets brush off Portuguese bailout concerns
LONDON -- Markets on Thursday brushed aside mounting speculation that Portugal would soon be tapping a European bailout fund amid hopes that the continent's debt crisis may be about to claim its final scalp - for now.

Japan disaster reminds businesses about insurance
NEW YORK -- It might be inconceivable to small business owners that a disaster hundreds or thousands of miles away could shut them down. But the earthquake and tsunami in Japan have interrupted shipments of parts and finished goods to companies in the U.S., and sent many of them to call their...

Irish economy shrinks for 3rd straight year
DUBLIN -- Ireland's economy shrank in 2010 for the third straight year and the yields on Irish bonds rose to euro-era highs Thursday amid fears that the cost of rescuing the country's failed banks will overwhelm its finances even with the international bailout.

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