While you were sleeping: Spain, McDonald's sink stocks

Mon, 23 Jul 2012

By Margreet Dietz July 24 (BusinessDesk) - Equities slumped on concern that Europe's crisis is deepening as one region of Spain called for financial assistance and others are expected to follow soon, prompting fears the euro zone's fourth-largest economy might need a full rescue. “Investors are on edge,” Russ Koesterich, the San Francisco-based global chief investment strategist for the IShares unit of BlackRock, told Bloomberg News. “Chinese growth has slowed. It’s not clear that the existing firewalls in Europe are large enough. We knew the...

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