The euro advanced for a sixth day against the dollar, the longest streak in almost a year, as regional finance ministers met in an attempt to break a deadlock about a single resolution mechanism for failed European banks.
U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from a record, and the yen strengthened as concern American lawmakers will fail to reach a budget deal overshadowed better-than-estimated economic data. Oil, gold and coffee led commodity gains as the dollar weakened.
Volvo AB, the world’s second-largest truckmaker, agreed to sell its unprofitable North American construction-equipment rental business to Platinum Equity for 7.2 billion kronor ($1.1 billion) to focus on manufacturing.
Fresh off a stint as a counter- terrorism adviser on Bill Clinton’s National Security Council, attorney Lee Wolosky was hoping to return to law. Most firms, he says, saw a guy with a two-year experience gap who’d need to start near the bottom.
Sanna Andersson was looking for new digs. The 23-square-meter (248-square-foot) studio apartment that she shared with her boyfriend in Soedermalm -- the central Stockholm district best known outside of Sweden as the backdrop for Stieg Larsson thrillers -- had grown too cramped.
Germany softened its opposition to two key elements of a plan for handling euro-area bank failures as European Union finance ministers race to break a deadlock on the proposal before next week’s EU summit.