TOKYO Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation's exit from the euro zone.
Puerto Rico Gov. Alejandro Garcia Padilla said the U.S. commonwealth can't pay its debts and called for a negotiated agreement with bondholders to delay payment for “a number of years” to help restore the island to prosperity.
There are some problems that not even $10 trillion can solve. That gargantuan sum of money is what central banks around the world have spent in recent years as they have tried to stimulate their economies and fight financial crises.
Sysco Corp. abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller acquisitions.
Carlos Osorio, Associated Press United Auto Workers assemblyman Bill Duke tightens the lug nuts on a Buick Verano at General Motors' Orion Assembly plant in Orion Township, Mich.