Late rally erases steep losses on Wall Street

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

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

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.
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.
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?

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.

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.
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.

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.