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Thursday Afternoon Business Brief

September 6, 2012, 1:12 PM

Thursday Afternoon Business Brief
  • Announcement of a long-awaited bond-buying program for Europe's debt-burdened economies has set off a strong stock market rally. The S&P 500, a benchmark for market performance, has risen to its highest since January 2008. The Dow is up 200 points.
  • The European Central Bank has unveiled its most ambitious plan yet aimed at addressing Europe's financial crisis. It has pledged to buy unlimited amounts of the government bonds of countries struggling to manage their debts.
  • Tourists are postponing holidays in Bermuda, while local residents are stocking up on emergency supplies there.  Hurricane Leslie is slowly approaching the wealthy British Atlantic territory.
  • Ford has unveiled 15 new or restyled vehicles for the European market. They'll be launched over five years aimed at reviving slumping sales.
  • An airborne flight was brought back to Philadelphia, the jet was searched and a passenger was taken off for questioning because of an apparent hoax tip called into airport police. Police say the passenger removed from the Dallas-bound US Airways flight did nothing wrong and was the victim of "a pretty nasty trick".

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