Media General on Thursday said the deal includes all of its newspapers except the Tampa Tribune of Florida and smaller newspapers in that market. It's in talks to sell those newspapers to other buyers.
US government sets stiff tariffs on China solar panels
WASHINGTON (AP) â¿¿ The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are flooding the U.S. market with government-subsidized products.
The Commerce Department said Chinese producers have dumped solar cells and panels in the U.S. at margins ranging from 31 percent to nearly 250 percent. If the preliminary ruling is upheld, tariffs averaging 31 percent could be imposed on Chinese solar-panel imports.
The tariffs would be in addition to fees ranging from 2.9 percent to 4.73 percent imposed in March after the department found that China is improperly subsidizing its solar manufacturers.
Spain banking sector shaken by report of bank run
MADRID (AP) â¿¿ Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was effectively nationalized just a week ago.
Adding to the anxiety, credit rating agency Moody's downgraded 17 Spanish banks. The banking sector has been hit hard by a collapse in the Spain's property market and is facing tough funding rules that many analysts fear it can't afford.
Anxiety about Spain's banks comes as the eurozone financial crisis intensifies. Political turmoil in Greece has increased the likelihood that it could leave the 17-country monetary union, a move that could have ripple effects throughout Europe and the world's financial markets.
By The Associated Press(equals)
The Dow Jones Industrial average lost 156.06 points, most of it toward the end of the trading day, to close at 12,442.49. The Standard & Poor's 500 index fell 19.94 points to 1,304.86, its lowest close since Jan. 17. The Nasdaq composite fell 60.35 points to 2,813.69.