From NPR NEWS in Washington,I'm Lakshmi Singh.

Uncertainty is rippling across world markets about Europe's ability to deal with its debt crisis.Voters in 2 countries have punished political leaders who favored austerity measures in order to help rescue Europe's ailing economies.

In France the people have voted out President Nicolas Sarkozy and elected Socialist Francois Hollande the first such victory for France's left since 1995.Hollande has pledged to temper the Germany-driven austerity push across Europe.And a day after austerity weary voters in Greece overwhelmingly rejected their mainstream politicians.Greece's Conservative leader Antonis Samaras has handed back the mandate to form a new

government.NPR's Sylvia Poggioli reports the task now goes to the leader of the second-largest Party,the coalition of the radical left.Debt-burden in Greece is in a political impasse.The results of Sunday's election produced no viable government.New Democracy leader Samaras whose Conservative Party came in first at under 20 percent met with other key party leaders.But by evening he said we did everything we could but it was impossible to form a government.If the deadlock continues analysts predict another election in a few weeks,just a time when Greece has to begin slashing the budget by another 15.5 billion dollars.With a country facing a period of political instability,there are concerns that international creditors could cut off multi-billion-dollar loans and force Greece out of the eurozone.Sylvia Poggioli NPR NEWS,Athens.

Abbott laboratories have agreed to pay 1.5 billion dollars in one of the largest settlements of its kind ever in the US.NPR's Carrie Johnson reports the federal government accuses Abbott of falsely marketing a drug to nursing home patients.Authorities say Abbott labs promoted the epilepsy drug called Depakote to elderly people in long- term care facilities for years even though the drug had dangerous side effects such as dehydration and malnutrition.Tim,the US attorney in the western district of Virginia says the idea was a deliberate corporate strategy,not a case of_sales agents.As part of the settlement,Abbott executives agreed to change the way they pay sales people and its top official will sign off on annual reports to a federal judge.Carrie Johnson NPR NEWS,Washington.

The White House says the administration will not negociate with al-Qaeda even though it wants the 70-year-old American aid worker being held by the terrorist group to be released,unharmed.It is responding to a video released by Al-Qaeda yesterday in which Warren Weinstein says his life is in President Obama's hands.Weinstein was kidnapped in Pakistan 9 months ago.His captors are demanding the release of imprisoned al-Qaeda and Taliban suspects around the world.
Before the close the Dow was down 30 points at 13009.
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The 5 men accused in a bomb plot near Cleveland,Ohio have pleaded not guilty to the charges against them.The group has been described as a fringe element of the Occupy Cleveland Movement,not endorsed by leading activists of the economy quality movement.

Next Saturday is looming large in the minds of tens of thousands of the nation's long-term unemployed.NPR's Alison Keyes tells us people in 8 states are set to lose their emergency federal jobless benefits.In California,at least 93,000 people will be cut off from their federal long-term unemployment pay.That's as much as 450 dollars a week for some.In 2009 the Federal government supplemented the normal 26 weeks of state jobless benefits put the extensions added up to a total of 99 weeks of unemployment pay.But the current federal extension benefits expires May 12th because the state's unemployment rate has dropped.Long-term unemployed in Illinois,Colorado,Connecticut,Florida,North Carolina Pennsylvania and Texas will also lose their emergency benefits on that day.Alison Keyes,NPR NEWS.

President Obama's re-election campaign is out with a new television ad that defends the incumbent's handling of the US economy against critics who argue that economic recovery will pick up the pace with a Republican in the White House.The Commercial acknowledges the country is still not where it needs to be in job creation.

Before the close on Wall Street,US stocks were mixed with the Dow off 30 points at 13009 in trading of 2 billion shares,NASDAQ up 1 at 2958 and the S&P 500 up slightly at 1370.
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