The Delaware Gazette

Late rally erases steep losses on Wall Street

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NEW YORK — A big final-hour come­back pulled the Dow Jones indus­trial aver­age nearly back to where it started Wednesday.

World leaders set for busy US weekend of summitry

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WASHINGTON — More than two dozen world lead­ers will join Pres­i­dent Barack Obama in an extra­or­di­nary week­end of back-to-back sum­mits to tackle Europe’s mount­ing eco­nomic woes and solid­ify plans for wind­ing down the decade-long war in Afghanistan.

In South Korea, US education means split families

COLUMBIA, Mo. — As Amer­i­can teenagers go, Sally Kim is pretty typ­i­cal. She’s crazy about singer Bruno Mars and the Plain White T’s rock band, spends way too much time on Face­book and can’t wait to start col­lege in the fall. Yet when it comes to that famil­iar bane of her fel­low high school seniors — uncool par­ents — Kim has few wor­ries. Hers are nearly 7,000 miles away in Seoul, South Korea. They sent their only child to live with rel­a­tives in Mis­souri a decade ago, when she was just 8.

Q&A: What makes gasoline prices rise?

NEW YORK — Watch­ing the num­bers on the gas pump tick ever higher can boil the blood and lead the mind to won­der: Why are gaso­line prices so high?

Unhappy public not sure who to blame for high gas

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LOS ANGELES — Fam­i­lies can­cel­ing vaca­tions. Fish­er­men watch­ing their prof­its burn up along with their boats’ gaso­line. Dri­vers buy­ing only a few gal­lons of gas at a time because they can’t afford to fill the tank.

S&P cracks 1,400 for first time since 2008

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NEW YORK — The stock mar­ket cleared another bar­rier Thurs­day in its long recov­ery from the Great Reces­sion: The Stan­dard & Poor’s 500 index closed above 1,400 for the first time since June 2008.

Euro, rich-poor gap proved key issues at Davos

DAVOS, Switzer­land (AP) — Europe’s crip­pling debt cri­sis dom­i­nated the world’s fore­most gath­er­ing of busi­ness and polit­i­cal lead­ers, but for the first time the grow­ing inequal­ity between the planet’s haves and have-nots became an issue, thanks largely to the Arab Spring upris­ings, the Occupy move­ment and other protests around the globe.

World rings in 2012, bids adieu to a tough 2011

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NEW YORK (AP) — From New Zealand to New York, the world eagerly wel­comed a new year Sun­day with confetti-filled cel­e­bra­tions, glit­ter­ing fire­works dis­plays and star-studded festivities.

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