NEW YORK (AP) — Stocks are moving higher on Wall Street to begin the trading week. Investors continue to take a cautious approach with respect to both the economy and the looming "fiscal cliff".
FRANKFURT, Germany (AP) — The surprise announcement that Italy's Prime Minister Mario Monti is to resign is putting new stress on Europe's efforts to get control of its debt crisis. Markets in the 17 European Union countries that use the euro have been calmer over the previous three months — since the European Central Bank said it was willing to intervene in government bond markets and drive down borrowing costs for indebted countries.
DETROIT (AP) — President Barack Obama will help announce expansion of a truck engine plant when he visits a Detroit suburb today. A source says Obama and Detroit Diesel will unveil a $100 million investment at the factory in Redford Township, Mich.
NEW YORK (AP) — McDonald's says a key sales figure rose in November, as U.S. customers snapped up the world's biggest hamburger chain's breakfast offerings and limited-time Cheddar Bacon Onion sandwiches, sending its shares up nearly 1 percent. The increase in sales follows a rare decline in October.
NICE, France (AP) — The CEO of Italian luxury carmaker Maserati is confident that parent company Fiat's $1.5 billion investment to boost production in Italy will bring results despite political instability. Maserati wants to sell 50,000 vehicles a year by 2014, up from 6,200 sold last year.