The skyline of the city of Herat, in the westernmost corner of Afghanistan, is dominated by the Qala Ikhtyaruddin, a 700-year-old stone citadel. On a chilly December afternoon, as the sun begins to dip, the citadel’s grounds are largely unoccupied. The general public isn’t allowed in until renovations to the time-ravaged site are finished. Paid for in part by a $725,000 grant from the U.S. government, the project is scheduled to be completed at the end of 2011.
U.S. stocks rose for a third straight week, sending the Standard & Poor’s 500 Index to a record, as earnings beat estimates and weak economic data fueled speculation the Federal Reserve will delay reducing stimulus.
Coach Inc. dropped the most in six months after saying second-quarter revenue fell at its established stores in North America and that the trend would continue as increasing competition hurts handbag sales.