Today's Business Headlines
Things in the U.S. sure are tough. Brother, can you spare a euro? Signs saying "We accept euros" are cropping up in the windows of some Manhattan retailers. A Belgium company is trying to gobble up St. Louis-based Anheuser-Busch, the nation's largest brewer and iconic Super Bowl advertiser.
Home foreclosures will keep rising next year no matter who is elected president in November.
German Chancellor Angela Merkel called on the Group of Eight summit to agree on a "comprehensive package of measures" to tackle the fallout from soaring food prices, according to commentary published Sunday.
President Bush on Sunday defended removing North Korea from the list of state sponsors of terrorism and attending the opening ceremonies of the Beijing Olympics as world leaders assembled to address soaring gas prices, climate change and African aid.
PENSACOLA, Fla. (AP) _ Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No more. Record crude oil prices are fueling support for oil and natural gas exploration off the nation's shores. In Florida, movement was underway even before President Bush called on Congress last month to lift a federal moratorium that's barred new offshore drilling since 1981.