EURO LEADERS MUST ACT

The head of the European Central Bank said Thursday that the configuration of Europe’s common currency will become „unsustainable” if policymakers do not take action.

Thick as a BRIC – The Buzz

The so-called BRIC nations of Brazil, Russia, India and China don’t look like the growth drivers of the global economy anymore. The European debt quagmire is clearly having an impact on even the most robust of economies.

U.S. GROWTH RATE CUT

The nation’s economy grew at a slower pace than previously reported in the first three months of this year, raising new concerns about economic weakness.

U.S. investors weigh jobs, GDP

U.S. stocks were headed for a positive open Thursday, the last day of a wretched month that saw Treasury yields in the U.S. fall to record lows, while Spain and Greece kept contagion worries front and center.

U.S. GROWTH SLOWS

The nation’s economy grew at a slower pace than previously reported in the first three months of this year, raising new concerns about economic weakness.