Economic Indicators

Italian stocks plunge on populist government's plans

Italy's stock market has plunged after the new populist government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year.

Business Highlights

___ SEC files complaint against Tesla's Elon Musk DETROIT — U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans to take the company private in August.

Obama to companies: Engage govts to avoid the Facebook fate

Former U.S. President Barack Obama is urging private businesses to engage more with governments when developing new products and services, particularly in the technology sector, to avoid problems like those challenging Facebook.