Headlines
- Obama presses ailing Europe to focus on growth18 May 2012, 10:14 pm
WASHINGTON (Reuters) - President Barack Obama pressed Europe on Friday to shift toward a more pro-growth policy and away from austerity to tackle a crisis that threatens to push Greece out of the euro zone and send economic shockwaves worldwide. ...
- Europe thinks the unthinkable on Greece18 May 2012, 10:05 pm
BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, as European share prices tumbled and Germany warned of continuing financial turmoil. ...
- Historic Facebook debut falls short of expectations18 May 2012, 10:03 pm
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. ...
- Syria forces kill two in Damascus as thousands rally18 May 2012, 9:18 pm
BEIRUT (Reuters) - Forces loyal to Syrian President Bashar al-Assad shot two protesters in the capital Damascus on Friday and fired in the air to break up thousands of anti-government demonstrators in the commercial hub of Aleppo, activists said. ...
- Analysis: JPMorgan to be haunted by change in risk model18 May 2012, 9:13 pm
(Reuters) - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading losses it has suffered. ...
- Galleon prosecutor aims to cement legacy in Gupta trial18 May 2012, 8:44 pm
NEW YORK (Reuters) - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama. ...
- Banks' rising bad loans add to Spanish troubles18 May 2012, 8:41 pm
MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector. ...
- Poll shows Greece electing pro-bailout government18 May 2012, 7:53 pm
ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. ...
- Iran may seek "tactical gain" with U.N. nuclear deal18 May 2012, 6:48 pm
VIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers. ...
- Exclusive: Did White House "spin" tip a covert op?18 May 2012, 4:46 pm
WASHINGTON (Reuters) - White House efforts to soft-pedal the danger from a new "underwear bomb" plot emanating from Yemen may have inadvertently broken the news they needed most to contain. ...
- Elisa Castillo Gets Life In Prison For First-Time Drug Offense18 May 2012, 9:53 pm
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- Raven-Symone: 'My Sexual Orientation Is Mine'18 May 2012, 9:44 pm
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- The 2012 Speculatron Weekly Roundup For May 18, 201218 May 2012, 9:42 pm
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- HUFFPOST FUNDRACE -- Donor Disclosure Weekend18 May 2012, 9:38 pm
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- ReShonda Tate Billingsley, Mother, Creates Unique Facebook Punishment After Daughter Posts Alcohol-Related Photos18 May 2012, 9:30 pm
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- Private Security For Detroit Neighborhoods Urged By Community Groups18 May 2012, 9:25 pm
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- Linda Lingle Touted As Businesswoman 32 Years After Running A Newspaper18 May 2012, 9:22 pm
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- POLL: Do You Think It's Important For Children To Have Pets?18 May 2012, 9:20 pm
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- Rush Limbaugh Defends Facebook Co-Founder Eduardo Saverin Over Tax Allegations18 May 2012, 9:19 pm
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- White Sox Beat Cubs 3-2 In Likely Wood Finale18 May 2012, 9:16 pm
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- Dow Swoons for Sixth Day18 May 2012, 10:14 pm
A day billed as Facebook's coming-out party ended up marking a much gloomier event: the stock market's worst week in six months. ...
- In Gupta Trial, Tension and Tips18 May 2012, 10:13 pm
Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship finally broke down much later. The timing could prove a key point in the trial. ...
- Winnebago Gets Takeover Offer18 May 2012, 10:12 pm
Winnebago Industries received a $322 million takeover offer from private-equity firm North Street Capital but said it didn't have sufficient information to deem the bid credible. ...
- J.P. Morgan to Give $168 Million to MF Global Trustee18 May 2012, 9:53 pm
J.P. Morgan agreed to hand over $168 million to a bankruptcy trustee representing customers of MF Global. ...
- Repsol Cancels Argentine LNG Shipments18 May 2012, 9:38 pm
Spain's Repsol is canceling 10 LNG shipments to an Argentine public energy company that it says isn't honoring the supply contract. ...
- Chesapeake Cuts Board Compensation18 May 2012, 8:55 pm
Chesapeake Energy is cutting total compensation for its board members by 20%, the latest move by the natural-gas company to quell criticism over its corporate governance. ...
- Dewey Readying Bankruptcy Filing18 May 2012, 8:46 pm
Dewey & LeBoeuf is readying a possible bankruptcy-protection filing for sometime in the next several weeks, a move that would initiate official liquidation of the beleaguered New York law firm. ...
- OJ Futures Tip Below $118 May 2012, 8:34 pm
Orange-juice futures dropped below $1 a pound in intraday trading for the first time in 2½ years. ...
- China: Solar-Panel Tariff May Backfire18 May 2012, 7:39 pm
China unleashed a storm of protest criticizing the U.S. decision to impose a 31% antidumping tariff on Chinese solar-panel makers. ...
- India's Drug Proposals Spark Debate18 May 2012, 7:17 pm
India's government is facing stiff resistance from foreign and local pharmaceutical companies over its plan to severely limit prices for drugs. ...
- Senator decries $800M in unused federal grants18 May 2012, 9:45 pm
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- Pfizer recalls 650,000 bottles of Advil Liqui-Gels18 May 2012, 9:45 pm
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- Suspect arrested in Mississippi highway shootings18 May 2012, 9:45 pm
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- Oregon bans Native American mascots in schools- Idaho school backs off religious song ban18 May 2012, 9:45 pm
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- Ohio newborn dies after dog attack in home18 May 2012, 9:45 pm
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- Jury begins deliberations in John Edwards case18 May 2012, 9:45 pm
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- Professor sues over probe of anti-Muslim comments18 May 2012, 9:45 pm
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- Dad of 30 kids by 11 women can't pay child support18 May 2012, 9:45 pm
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- Facebook employees celebrate with 'Hackathon'- Facebook debuts on the Nasdaq- FOX BUSINESS NEWS FULL COVERAGE: Facebook18 May 2012, 9:45 pm
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- US ready to attack Iran if necessary, envoy says18 May 2012, 9:45 pm
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- Arrest in Miss. killings18 May 2012, 5:15 pm
Authorities have arrested a suspect in the case of an alleged police impersonator who is believed to have killed two motorists in Mississippi, the Tunica County Sherriff's Office said. ...
- Kennedy clan gathers for funeral again18 May 2012, 5:09 pm
She might have gone unnoticed through the many years of triumphs and tragedies of the Kennedy family. Now the spotlight will be cast, sadly, on Mary Richardson Kennedy. ...
- Van Halen postpones summer tour18 May 2012, 4:46 pm
Classic rockers Van Halen on Thursday abruptly postponed more than 30 tour dates, following their June 26 concert in New Orleans, representative Anna Loynes said. ...
- Plan to raise sunken cruise ship18 May 2012, 4:19 pm
Salvage experts outlined their plan Friday to raise the wrecked Costa Concordia cruise liner from the sea floor off Italy in one piece and tow it from the disaster site. ...
- Final moments call to girlfriend18 May 2012, 3:48 pm
Trayvon Martin's girlfriend, talking to him on the telephone, heard the teenager saying, "get off, get off" in the moments before his cell phone cut off and he was shot dead, according to a recording of the girl's interview with a prosecutor released Friday. ...
- Hollywood stars without makeup18 May 2012, 3:35 pm
After being photographed without makeup while in Vancouver last month, candid shots of AnnaLynne McCord hit the Web, with with one site noting: "Her facial blemishes were completely visible." ...
- Roasted fetuses stashed in luggage18 May 2012, 2:58 pm
Six roasted fetuses covered with gold for black magic rituals were found in a Bangkok hotel room, and the gruesome discovery led to the arrest of a British citizen Friday, Thai police said. ...
- Jurors get John Edwards case18 May 2012, 2:36 pm
The jury will begin deciding the fate of former Democratic presidential candidate John Edwards Friday, a day after closing arguments concluded in the corruption trial. ...
- Arabs giggle over French PM's name18 May 2012, 2:15 pm
France's new Socialist government is already causing ripples throughout a Europe struggling to balance government budgets without making ordinary people's lives miserable, but it has created a completely different problem in the Middle East. ...
- 49 headless bodies normal in Mexico?18 May 2012, 12:15 am
Despite the discovery of 49 headless bodies in the continuing Mexican drug war, a journalist tells CNN that people are becoming detached. ...
- Forbes Games: Angry Birds And Holy Grails18 May 2012, 9:53 pm
A selection of today's game news and analysis from Forbes.com....
- Oregon Bans Native American-Themed School Mascots, But Battle Goes On Elsewhere18 May 2012, 9:47 pm
Pretty soon, the Banks (Ore.) High School Braves can?t avoid a letdown and rout the Molalla (Ore.) High School Indians. That?s because in the state of Oregon, any Native American-themed mascot is banned as of 2017. While native nicknames have fallen out of favor in many places, a result of decades of public pressure to ......
- Facebook's Busted IPO Sends a Message to Wall Street18 May 2012, 9:36 pm
Facebeook (FB) went public today and despite the most torrid hype in IPO history failed to rise above its offering price. Is that a sign that the IPO was priced just right or that without panic buying from its underwriters, it would have ended the day below its offering price? Based on all the hype ......
- Houston Associate Denies He Sold Photos of Late Singer to Tabloids18 May 2012, 9:32 pm
Since the death of Whitney Houston, one of the most enigmatic and well-followed characters to emerge is Raffles van Exel, a some-time associate of the late singer. Forbes contributor Roger Friedman, among a number of writers, has reported on the relationship between the singer and van Exel. In his reporting, Friedman repeatedly asked van Exel ......
- Weekly Market Wrap: May 18, 201218 May 2012, 9:30 pm
This twentieth trading week of 2012 comes to a close with investors assessing the deteriorating [...]...
- Post Facebook IPO, Your Brain And Its Data Are Worth $91.44 To Mark Zuckerberg18 May 2012, 9:25 pm
?s lukewarm IPO may not have created as many millionaires as hoped. But it?s cemented ?s position as the richest man in American in the business of herding attention spans and siphoning personal details from human brains into corporate servers. Now that the dust has settled and has traded on NASDAQ for a day, it?s ......
- Inside LVMH's Byzantine Ownership Structure18 May 2012, 9:24 pm
Forbes takes a fresh look at the layered share structure through which Bernard Arnault holds his fortune and lowers our estimates....
- Facebook CEO Mark Zuckerberg Is Gatorade's Best Unofficial Celebrity Endorser18 May 2012, 9:21 pm
Is Gatorade the liquid version of Mark Zuckerberg's hoodie?...
- Car of the Week: 2013 Mercedes-Benz SL 55018 May 2012, 9:19 pm
?? The Car: 2013??Mercedes-Benz SL 550 Where I drove it: Downtown , Pasadena, and the Hollywood Hills. First Impressions: ??It was a dramatic moment when the valet pulled up in the creamy-white 2013 Mercedes-Benz SL550 ??? and I soaked it up.??Let me set the scene:??The Standard Los Angeles??valet lot is just steps away from the ......
- Analyst Moves: ADSK, CRM18 May 2012, 9:10 pm
Autodesk (ADSK) today had its numbers lowered by Jefferies (JEF) due to poor guidance issued by [...]...
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