NEW YORK (AP) — U.S. stock indexes have risen in early trading after European nations agreed to bring their economies more closely together in in response to the burgeoning debt crisis. All 17 nations that use the euro will sign a treaty that allows a central European authority closer oversight of their budgets. Nine other EU nations are considering it.
BRUSSELS (AP) — The European Union says nearly all of its member countries are open to joining a new treaty tying their finances together to solve the euro crisis. Only Britain remains opposed, creating a deep rift in the union.
WASHINGTON (AP) — The Commerce Department says the nation’s trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. The decline of 1.6 percent is the fourth straight monthly drop.
WILMINGTON, Del. (AP) — Chemical making giant DuPont is cutting its 2011 profit guidance because of weak demand for electronics as well as industrial supplies and other items. The shares dropped about 6 percent in early trading.
ST. LOUIS (AP) — The U.S. government has barely changed its estimate for next year’s corn surplus, which is expected to stay small and keep high food prices high. The Department of Agriculture forecasts that farmers will have 848 million bushels of corn on hand at the end of next summer. That’s up less than 1 percent from last month’s forecast.