According to the ABC News, the Dow Jones industrial average backed up almost 11,006 Monday for the first time in 18 months.
Over last weekend, 16 European leaders agreed to provide $40.5 billion in loans loan to Greece, in order to help the country lower its public debt burden. Meanwhile, the International Monetary Fund (IMF) could contribute another $13.5 billion.
Specialists say the reports on Greece raised people's expectations that the economy is recovering.
"This is clearly a positive development that the EU is identifying and dealing with what has really been it's first real challenge," Alan Gayle, senior investment strategist for RidgeWorth Investments, said.
According to the Post-Standard, Authorities have ticketed 869 people for making phone calls and 55 texting while driving since last Thursday, when U.S. Department of Transportation Secretary Ray LaHood announced in a news conference that the city of Syracuse will receive $300,000 for crackdowns on distracted drivers using cell phones.
LaHood said Syracuse is one of the two cities in U.S. to run this pilot program this year.
| Crackdown on driving while using cell phones |
Here you'll find what's happening in the news that you should know about now. Check this blog Monday-Friday this semester for regular updates throughout the day.
Produced by broadcast journalism students in the Broadcast Digital Journalism 311 course.


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