Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

Draghi drags Wall Street

Thursday, February 07, 2013 - 01:56

Feb 7 -Summary of business headlines: Stocks decline as ECB chief signals growth concerns; U.S. shoppers keep up despite smaller paychecks; BlackBerry says ''sayonara'' to Japan; Apple explores cash options after shareholder lawsuit; Dreamliner still grounded but one takes flight. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Europe is once again nagging Wall Street and that put the bulls on the run. The losses were not steep but enough to put the market's weekly winning streak in jeopardy. Ears were attuned to Europe where the head of the region's central bank hinted a stronger euro could put the zone's fragile recovery in a precarious condition. European jitters aside, investors bought the news coming out of the retail sector. U.S. chain store sales held up in January, even though the reinstating of the payroll tax means consumers had less money to spend. Oddly enough, credit-related companies like MasterCard, Equifax and Visa - some of the biggest losers on the Big Board. BlackBerry says it will not sell its new BlackBerry 10 devices in Japan - at all - saying the country is not a major market. But the device maker says it will continue to support older models. Shares of the company formerly known as Research in Motion - up nearly 6 percent. Apple responds to a lawsuit filed by activist shareholder David Einhorn, saying: "we remain committed to having an ongoing dialogue with our shareholders to get perspective around return of capital." In his lawsuit, Einhorn complained some of Apple's $137 billion cash stockpile should be given to shareholders. Shares of Apple rallied almost 3 percent. A Boeing 787 Dreamliner was back up in the air, but the fleet still on the ground. This flight was heading to a company facility near Seattle, as safety inspectors still try to figure out what's behind a series of safety issues last month. NTSB Chairman Deborah Hersman: SOUNDBITE: DEBORAH HERSMAN, CHAIRMAN, NATIONAL TRANSPORTATION SAFETY BOARD, (ENGLISH) SAYING: "Because the 787 battery is really a collection of eight individual cells packaged together in a box, we are looking at the total design of the battery." Turning back to Europe, stocks in France and the UK dropped at least one percent, basically flat in Germany.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Draghi drags Wall Street

Thursday, February 07, 2013 - 01:56

Top News »

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Red pandas frolic in the snow Red pandas frolic in the snow

Tue, 27 Jan, 2015 - (1:31)

Sheep herded to create Australian flag Sheep herded to create Australian flag

Tue, 27 Jan, 2015 - (0:37)

Thailand beach road becomes bed race track Thailand beach road becomes bed race track

Mon, 26 Jan, 2015 - (0:58)

Rhino born at Copenhagen Zoo Rhino born at Copenhagen Zoo

Mon, 26 Jan, 2015 - (0:46)

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Sports And Leisure »

Diver Daley trains in Rio Diver Daley trains in Rio

Tue, 27 Jan, 2015 - (0:55)

Drogba on his Chelsea hopes Drogba on his Chelsea hopes

Mon, 26 Jan, 2015 - (0:52)

NBA legend shoots from the hip NBA legend shoots from the hip

Wed, 14 Jan, 2015 - (1:13)

Tennis ace Murray proposes to girlfriend Tennis ace Murray proposes to girlfriend

Thu, 27 Nov, 2014 - (0:41)

Sports Spread: Tinkering Liverpool target Chelsea Sports Spread: Tinkering Liverpool target...

Thu, 06 Nov, 2014 - (11:18)

Flying car prototype takes to the skies Flying car prototype takes to the skies

Wed, 29 Oct, 2014 - (2:18)

Sports Spreads: Can van Gaal beat Mourinho? Sports Spreads: Can van Gaal beat Mourinho?

Thu, 23 Oct, 2014 - (12:39)

Dateline Asia »

Fashion designers finding haste makes waste Fashion designers finding haste makes waste

Tue, 27 Jan, 2015 - (2:07)

Be afraid, the Chinese are spending less Be afraid, the Chinese are spending less

Mon, 26 Jan, 2015 - (1:33)

Asia markets shrug at Greek elections Asia markets shrug at Greek elections

Mon, 26 Jan, 2015 - (1:36)

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Record slowdown in China's economic growth Record slowdown in China's economic growth

Tue, 20 Jan, 2015 - (1:52)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)