NEW YORK (AP) — Wall Street is sending stocks lower amid lowered hopes for a deal to help resolve Europe’s debt crisis. And in Europe itself, stock indexes were mostly lower and the yields on Spanish and Italian government debt rose.

BERLIN (AP) — Germany is indicating European leaders could fail to agree on a plan to tighten the continent’s economic ties by the end of the week. A senior German official said it could take until Christmas for changes to the European Union treaty to be agreed upon, a critical first step in saving the euro.

PLANO, Texas (AP) — J.C. Penney Co. is buying a minority stake in Martha Stewart Living Omnimedia for nearly $39 million. The move by former Apple executive Ron Johnson, now Penney’s CEO, includes plans to create mini-Martha Stewart shops within its department stores and a joint website.

NEW YORK (AP) — Credit reporting agency TransUnion says if the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year. In the annual outlook, it says mortgage delinquency rates will likely tick up to about 6 percent through the first three months of 2012 but should fall to 5 percent by the end of the year.

NEW DELHI (AP) — India has suspended its plan to open its huge retail sector to foreign companies such as Wal-Mart. The reversal is seen as a victory for political opponents, who complained India’s mom-and-pop stores would be crushed.