Meena Thiruvengadam is a GlobalPost breaking news writer based in Chicago. She previously covered the financial crisis and economic news for Dow Jones Newswires and The Wall Street Journal in Washington, D.C. She has traveled the world reporting on high-level financial meetings and has written for newspapers, magazines and websites across the U.S.
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Around the world in business: European leaders have a plan for the continents banks, and US consumers are making more money. They just aren't spending it.
Around the world in business: Japanese retail sales are up, and Brazil's got a big stimulus plan and been hit by Moody's banking downgrades.
The National Association of Realtors said its Pending Home Sales index was up nearly 6 percent.
Around the world in business: US durable goods orders rise and so does Italian business optimism. Facebook, however, isn't doing as well.
Explosion causes damage but no casualties.