Mark Brooks

The eurozone economy has contracted for six straight quarters.

European Union officials said Latvia's willingness to join next year is a vote of confidence for the shared currency.

Benchmark oil for July delivery fell 14 cents to finish at $93.31 a barrel on the New York Mercantile Exchange.

The airline says the Memphis hub is not making money. It's cutting daily flights there to 60 per day from the current 96. It's also cutting 230 jobs.

The actively traded August contract for gold fell $14.70, or 1 percent, to $1,397.20 an ounce.

It's a nearly two-hour showcase for Google's idealistic culture and for a product line that's becoming deeply ingrained in people's technology-dependent lives.

The inspector general's report was surfacing as the IRS came under fire again in connection with its targeting of conservative groups during the 2010 and 2012 elections.

In its regular assessment of France's economy, the IMF said that it expects the economy to shrink 0.2 percent this year, down from a previously expected fall of 0.1 percent.

The eBay auction began Sunday with a $25,000 opening price. By Tuesday, eight bidders had driven the price up to $500,100.

The leader of a small South Carolina tea party group said her organization first applied for tax-exempt status in 2010 -- and is still waiting for the application to be processed.

The actively traded August contract for gold rose $18.90 to $1,411.90 an ounce, a gain of 1.4 percent.

But acting IRS Commissioner Danny Werfel says he is "committed to restoring that trust."

Data released Monday by the Bank of England shows that net lending by banks and building societies participating in the Funding for Lending program dropped by 300 million pounds ($455 million) in the first three months of 2013 compared with the previous quarter.

Fitch said in a statement Monday that there is a high risk that a €23 billion ($30 billion) bailout the country negotiated with its euro area partners and the IMF in March to rescue its deeply troubled banking sector and sagging economy could go off track.

Earlier, prices fell to their lowest level in a month on the back of mixed Chinese manufacturing data.

Germany's state-owned KfW bank will provide about 1 billion euros ($1.3 billion) at low interest rates to its Spanish counterpart, which will be probably able to lend out several times that amount in cheap loans to local firms.

He said President Obama wanted him to emphasize the "importance that the relationship with Brazil has for us."

The general unsecured claims are being sold for 44.75 percent of their face value of $1.06 billion.

Eurostat, the European Union's statistics office, said Friday that the unemployment rate rose to 12.2 percent in April from the previous record of 12.1 percent the month before.

Court filings Thursday by Robert Kaluza and Donald Vidrine's attorneys also argue that 11 of the 22 manslaughter counts don't extend to their clients because they weren't responsible for marine operations on the rig that exploded in the Gulf of Mexico in April 2010.