There is a growing concern in Menomonie about homelessness among young adults.More >>
NEW YORK (AP) - Fear over European debt surged Monday and drove stocks
sharply lower around the world. The Dow Jones industrial average plunged more
than 220 points in early trading.
The price of crude oil dropped more than $3.50 per barrel to
below $90, and yields for U.S. government bonds sank to record lows, a sign that
traders were seeking the safety of American debt. The euro hit a two-year low
against the U.S. dollar.
Borrowing costs rose sharply for Spain and Italy, a signal of
renewed investor worries that the Spanish government will need an international
Spain's market regulator said it was temporarily banning
short-selling of shares on its stock indexes. In a short sale, an investor seeks
a profit by betting that the price of a certain stock will fall.
Strong selling rattled European markets. The main stock index
dropped more than 7 percent in Greece, 3 percent in Spain and Germany and 2
percent in France and Britain. Asian stocks were also sharply lower.
In the United States, the Dow was down as much as 225 points.
At 9:40 a.m. EDT, it was off 215 points at 12,605. The Dow has had only four
declines of 200 points this year, including its worst, a 274-point drop on June
The Standard & Poor's 500 index fell 21 points to 1,340,
and the Nasdaq composite index plunged 66 points to 2,859.
Bank stocks, which tend to take a hit when fear flares in
Europe, were among the biggest losers. Citigroup stock dropped more than 2
percent and Bank of America 1.6 percent.
The euro slipped just below $1.21 against the dollar, its
lowest reading since June 2010.
There were also signs that a global economic slowdown is
hitting U.S. companies that rode out the recession fairly well, largely because
currencies overseas have tumbled against the dollar.
While global sales at McDonald's restaurants open at least a
year rose 3.7 percent, profits slid by about the same rates due to currency
Stock in the world's largest hamburger chain slid 2 percent
in premarket trading after falling short of most Wall Street expectations for
both net income and revenue.
A forecast from a Chinese central bank adviser that China's
economy could grow at a slower pace in the third quarter deepened concerns about
the global slowdown.
Eau Claire (WQOW) - A woman, delivering papers in Eau Claire, has been arrested for drunk driving. Susan Seeger was arrested on June 2nd for a third offense OWI. Police say someone called 911 to reportMore >>
Police found the driver and say she blew a .318, about four times the legal limit.More >>
Chippewa Valley (WQOW) - A roadside problem in Eau Claire and Chippewa Counties is being addressed, after months of neglect. Two men are playing catch up to remove deer carcasses, after the last contractorMore >>
Two men are playing catchup to remove deer carcasses, after the last contractor didn't get the job done.More >>
Madison (AP) -- The state Assembly has passed the state budget on a 55-42 vote. The vote came abruptly on Wednesday after Democrats surprisingly decided against offering any amendments. Democratic MinorityMore >>
The vote came abruptly after Democrats surprisingly decided against offering any amendments.More >>
Dunn County (WQOW) - A Pennsylvania truck driver has been fined for what he said at a Menomonie convenience store last month. Steve Eliou was accused of telling others in the store the Army fuel tankerMore >>
A Pennsylvania truck driver has been fined for what he said at a Menomonie convenience store last month.More >>
Eau Claire (WQOW) - Eau Claire Police say a body has been pulled out of the Chippewa River. Police say canoeists spotted what they believed was a body on Monday not far from the Short Street Bridge. TheMore >>
The UW-Eau Claire Police Department has informed me that the body of David Patrick Rodgers was recovered Monday evening from the Chippewa River.More >>
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