Spain avoids junk-bond fate, economic agony remains

MADRID: Spain has won breathing space but nothing more, analysts said Wednesday, after it escaped a feared downgrade of its debt to junk-bond status.

Europe Crisis Imperils U.S. Sales From Chemicals to PCs: Economy

American exporters from Dow Chemical Co. (DOW) to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis threatens to derail a source of strength for the U.S. economy.