Business News - The Last 24 Hours

Facebook's $16 billion IPO: Will Morgan Stanley's big bet not pay off?
Indiatimes - 25 min 5 sec ago
Facebook's $16 billion IPO: Will Morgan Stanley's big bet not pay off?The debut marks a rare stumble for a high-profile IPO. Facebook is the only recent US internet listing not to enjoy a large price jump on its first day of trading.

RELATED:

Reuters - Morgan Stanley made big bet on Facebook - 3 hours 26 min ago

COMMENTARY:

TechCrunch - Facebook Reveals How Much Stock Each Bank Got, Morgan Stanley Nabbed $6 Billion Worth - 7 hours 6 min ago

WSJ Blogs - Deal Journal : Morgan Stanley Got About 38% Of Facebook IPO Shares, Goldman 15% - 9 hours 38 min ago

BusinessInsider - Morgan Stanley Answers The 11 Biggest Questions About The JPMorgan's Huge Trading Loss - 10 hours 39 min ago

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Obama backs French call for Europe growth policies
France24 - 1 hour 9 min ago
President Barack Obama threw his weight behind French calls more pro-growth policies in Europe, as he welcomed G8 leaders to Camp David for a summit darkened by Greece's possible eurozone exit.Obama set the stage for a fractious meeting of world leaders by forging an alliance with new French Preside ...

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New York Times - Credit Flows Through a New Channel for Europe - 6 hours 56 min ago

Reuters - East Europe wary of fresh euro bank crunch - 10 hours 34 min ago

COMMENTARY:

Morningstar - Stock Head Lower on Eurozone Fears; Facebook IPO Eyed - 8 hours 4 min ago

Zero Hedge - Ireland And Portugal Resume Their Places Among Europe's Teetering Dominos - 12 hours 15 min ago

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After flat debut Facebook awaits market verdict
France24 - 2 hours 9 min ago
Facebook stumbled on its first trading day as shares ended barely above the starting price, raising questions about what will happen to the share price when the Nasdaq reopens on Monday.The stock, priced at $38 on Thursday in the largest ever initial public offering (IPO) for a technology firm, eked ...

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New York Times - DealBook: After Buildup, a Modest Start for Facebook - 4 hours 14 min ago

Reuters - Historic Facebook debut falls flat - 4 hours 40 min ago

Indiatimes - New lawsuit takes aim at Facebook privacy; seeks damages - 6 hours 12 min ago

France24 - New lawsuit takes aim at Facebook privacy - 6 hours 29 min ago

AP - Highlights from Facebook's debut - 7 hours 4 min ago

Sydney Morning Herald - Overhyped? Facebook shares stumble - 8 hours 40 min ago

BusinessWeek - Facebookmania Begins - 14 hours 35 min ago

BBC - Facebook poised for market debut - 18 hours 28 min ago

COMMENTARY:

Seeking Alpha - Facebook Strikes A Discordant Note - 3 hours 33 min ago

AllThingsD - Should I Buy Facebook Stock? (Comic) - 5 hours 38 min ago

TechCrunch - Study: Twitter Sentiment Mirrored Facebook’s Stock Price Today - 5 hours 46 min ago

WSJ Blogs - China Real Time Report : Taiwanese President Fined for Facebook Use - 6 hours 1 min ago

BusinessInsider - This Rug Merchant Missed Out On $50 Million In Facebook Stock - 6 hours 15 min ago

Minyanville - Funniest Facebook Tweets of the Week - 8 hours 29 min ago

Zacks - Why I Am Shorting Facebook - Real Time Insight - 8 hours 39 min ago

DailyFinance - The Real Facebook Investing Story: How Advisers and Investors Are Using Social Media - 9 hours 38 min ago

Time Business - Working the Room at Facebook’s Times Square Party - 9 hours 43 min ago

The Big Picture - Ritholtz: Facebook Valuation ‘Piggish’ - 10 hours 19 min ago

Morningstar - No Facebook Pop as Company Concerns, Stock Market Weigh on Shares - 11 hours 34 min ago

Zero Hedge - The Facebook Ardennes: Spot The Syndicate Stick-Save - 12 hours 54 min ago

FT Alphaville - With Facebook, give thanks for greenshoes - 13 hours 6 min ago

MarketWatch - MarketWatch First Take: Facebook is already history - 13 hours 49 min ago

NY Post - LIVE BLOG: Facebook goes public - 15 hours 14 min ago

Wall Street Pit - Facebook (FB) Stock Faces Valuation Issues - 16 hours 8 min ago

24/7 Wall St. - Facebook Funds/Owners Now Have To Fend For Themselves (FB, GSVC, SVVC, SOCL, ZNGA, MSFT, GS, TTII) - 18 hours 7 min ago

VIDEO:

Reuters Video - Facebook in historic, yet messy debut - 7 hours 3 min ago

WSJ Video - On the Mark: Facebook's Slow Start Gives Me Hope - 10 hours 12 min ago

CNN Video - Facebook: Not the only tech stock in town - 15 hours 32 min ago

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Dewey to consider bankruptcy filing: source
Reuters - 2 hours 22 min ago
NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday.

RELATED:

Wall Street Journal - Dewey Readying Bankruptcy Filing - 8 hours 48 min ago

COMMENTARY:

WSJ Blogs - Law Blog : Dewey & LeBoeuf Readies Bankruptcy Filing - 8 hours 28 min ago

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Japan ready to help in euro crisis at G8 talks
France24 - 2 hours 29 min ago
Japan said that it stood ready to extend help in stemming the eurozone's debt crisis as the Group of Eight major industrialized nations opened crisis talks.Japan, the world's third largest economy and only Asian power in the elite G8 club, has already been a major contributor to an IMF firewall aime ...

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Wall Street Journal - Japan 10-Year Yield at 9-Year Low - 14 hours 26 min ago

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Sichuan Airlines opens new Vancouver route
China Daily - 2 hours 33 min ago
VANCOUVER - China's Sichuan Airlines announced Friday it will start flying into Vancouver three times weekly from June 22, marking the Chinese carrier's first foray into the North American market. With the flights offering a stopover in Shenyang, the capital of the northeastern Liaoning province, Zh ...

COMMENTARY:

WSJ Blogs - India Real Time : Rival Airlines Raise Fares as Air India Suffers - 11 hours 51 min ago

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CFTC opens probe into JPMorgan trading loss: NYT
Reuters - 3 hours 1 min ago
(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an enforcement case to examine possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, The New York Times said late on Friday, citing people briefed on the matter.

RELATED:

New York Times - DealBook: C.F.T.C. Said to Open Inquiry Into JPMorgan Loss - 4 hours 6 min ago

Reuters - Analysis: JPMorgan to be haunted by change in risk model - 8 hours 20 min ago

BBC - JP Morgan boss to testify in US - 16 hours 33 min ago

COMMENTARY:

Seeking Alpha - PMC-Sierra's Management Presents at 40th Annual JP Morgan Global Technology, Media and Telecom Conference (Transcript) - 4 hours 33 min ago

BusinessInsider - JP Morgan Has Returned $168 Million To MF Global's Trustee - 9 hours 20 min ago

Zero Hedge - JPM On Grexit, TARGET2, And The ECB - 9 hours 44 min ago

Naked Capitalism - Tom Ferguson: Senate Banking Chair Calls Jamie Dimon to Testify -– But JP Morgan Chase is His Biggest Contributor! - 12 hours 59 min ago

Wall Street Pit - Fed to Examine How Banks Manage Deposits After JPMorgan’s Trading Loss - 20 hours 37 min ago

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China pumps 1.1b yuan into publication fund
China Daily - 3 hours 4 min ago
BEIJING - The Chinese government has allocated a total of 1.1 billion yuan ($174 million) from the central budget to the National Publication Foundation since 2008, according to a statement from the General Administration of Press and Publication (GAPP). The foundation has supported 713 projects for ...

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China Daily - C China holds key to economic growth - 4 hours 3 min ago

Indiatimes - Chinese entities world's biggest economic spies: Pentagon - 10 hours 13 min ago

Reuters - Analysis: China's towering metal stockpiles cast economic shadow - 21 hours 41 min ago

COMMENTARY:

Seeking Alpha - China ETFs In Focus: FXI, GXC, And PEK - 13 hours 4 min ago

BusinessInsider - How To Crash The Chinese Economy - 19 hours 37 min ago

FT Alphaville - A contrarian view of China’s power data - 20 hours 26 min ago

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Facebook IPO will change the world in many ways
Indiatimes - 3 hours 18 min ago
Facebook IPO will change the world in many waysWith a host of small and large investors to answer to, Facebook would be under pressure to boost revenues, and seek to create new revenue-generating apps.

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Indiatimes - FB IPO: Facebook falls flat in market debut, stock closes at $38.23 - 8 hours 59 min ago

BusinessWeek - Epic Tech IPOs: Triumphs, a Travesty, and a Tragedy - 9 hours 28 min ago

France24 - Zynga price falls 13.3% as Facebook IPO trades flat - 12 hours 48 min ago

AP - FACEBOOK IPO LIVE: The social network goes public - 16 hours 34 min ago

Wall Street Journal - Graff Seeks $1 Billion in Hong Kong IPO - 16 hours 48 min ago

COMMENTARY:

BusinessInsider - WATCH: The Media Freaks Out Over Today's Facebook IPO Drama - 7 hours 5 min ago

TechCrunch - David Kirkpatrick On What The ‘Facebook Effect’ Could Be Post-IPO [TCTV] - 7 hours 6 min ago

WSJ Blogs - MarketBeat : Facebook IPO: Put It In the Books - 7 hours 22 min ago

The Big Picture - Graphic: Comparing FB with other Tech IPOS - 7 hours 42 min ago

MarketWatch - John Shinal's Tech Investor: Facebook IPO: Perfect, in a strict sense - 7 hours 44 min ago

Minyanville - Minyanville's T3 Weekly Recap: Facebook IPO Flop Drags Market to Fresh Lows - 8 hours 29 min ago

Seeking Alpha - No First Day Traction For The Facebook IPO - 8 hours 33 min ago

24/7 Wall St. - Facebook Flirts With Busted IPO Status (FB) - 10 hours 2 min ago

Zero Hedge - Facebook Plunges From Opening Print, At IPO Price... For Now - 13 hours 38 min ago

Time Business - Facebook IPO Pops 13% in Early Trading Before Falling Flat - 13 hours 58 min ago

Wall Street Pit - Facebook (FB) Could Not Have Picked A Worse Time For An IPO - 14 hours 41 min ago

Zacks - Facebook IPO Will Close Where? - Real Time Insight - 14 hours 41 min ago

AllThingsD - Kayak Hoping to Ride the IPO Wave? - 15 hours 3 min ago

Morningstar - Morningstar's Take on the Facebook IPO - 17 hours 34 min ago

VIDEO:

CNN Video - Our journey buying into Facebook's IPO - 3 hours 40 min ago

WSJ Video - Facebook Ends Near IPO Price - 8 hours 34 min ago

Reuters Video - Facebook debut adds to IPO frenzy - 11 hours 56 min ago

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Yangzhou to stick to housing policy
China Daily - 3 hours 33 min ago
The policy to encourage and reward individuals who purchase refined decorated houses will not be revoked, Sun Wei, deputy director of Housing Management Bureau of Yangzhou city, told Xinhua News Agency on May 9. Housing-management authorities in Yangzhou, Jiangsu province, released the policy on May ...

COMMENTARY:

BusinessInsider - CRACK SHACK OR MANSION: How Well Do You Know The World's Hottest Housing Bubble? - 10 hours 18 min ago

24/7 Wall St. - Facebook’s IPO and Housing Prices: Be Careful What You Wish For - 11 hours 51 min ago

Wall Street Pit - New York Gets To Keep Its Broken Housing Market - 16 hours 33 min ago

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Greece tops G8 agenda as eurozone crisis snares Spain
France24 - 3 hours 48 min ago
Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States.The Group of Eight top economies came together on Friday as Greece faces its second election in just six weeks, putting its euro ...

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Indiatimes - Greece tops G8 agenda as euro crisis snares Spain - 4 hours 22 min ago

France24 - Eurozone crisis drives down stocks before G8 - 19 hours 8 min ago

COMMENTARY:

24/7 Wall St. - Possible Sale for Strategic Oil Reserves on G8 Agenda - 11 hours 12 min ago

VIDEO:

Reuters Video - Reuters Today: G8 drive to pull Europe from financial abyss - 22 hours 34 min ago

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Apple add-ons ripe market for local firms
China Daily - 4 hours 3 min ago
Shenzhen manufacturers make more than $1.5 billion a year from iPhone and iPad accessories Walking through the Huaqiangbei area of Shenzhen, it is not uncommon to see crowds of people thronging the shops selling accessories for Apple's iPhone and iPad. Known as the "first street of electronic pr ...

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France24 - WhatsApp tops UK app charts: Apple - 20 hours 8 min ago

COMMENTARY:

Seeking Alpha - Apple Bulls: Has David Einhorn Ever Heard Of Steve Jobs? - 9 hours 33 min ago

Minyanville - A Different Approach to Apple Using Options - 10 hours 9 min ago

BusinessInsider - THE APPLE INVESTOR: As Apple Stock Sinks Into A Hole, How Are Its Partners Doing? (AAPL) - 12 hours 34 min ago

AllThingsD - Oh Snap: Kodak Says Apple Is Just Playing Spoiler With Patent Claim - 12 hours 49 min ago

Wall Street Pit - Philippe Laffont: Apple (AAPL) is an Amazing Company - 20 hours 27 min ago

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Hedge funds dump $2 billion in gold over a week: CFTC
Reuters - 5 hours 16 min ago
NEW YORK (Reuters) - Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them.

COMMENTARY:

BusinessInsider - Why You Shouldn't Take Any Advice From This Week's Big Hedge Fund Conference - 18 hours 11 min ago

Seeking Alpha - 6 Highly Shorted Takeover/LBO Targets Being Bought By Hedge Funds - 22 hours 4 min ago

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Solow lawsuit over Citigroup disclosures dismissed
Reuters - 6 hours 24 min ago
(Reuters) - Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during the 2008 financial crisis.

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GM spurns pricey SuperBowl ads
France24 - 6 hours 29 min ago
General Motors said Friday it will skip the next SuperBowl advertising extravaganza because ads cost too much, just days after it pulled online ads from social network Facebook.GM, the nation's largest automaker, was one of the biggest advertisers on this year's Super Bowl, American football's champ ...

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AP - GM decides Super Bowl ads are too expensive - 9 hours 34 min ago

Reuters - GM passes on running TV ads during 2013 Super Bowl - 10 hours 14 min ago

Wall Street Journal - GM Bows Out of Super Bowl - 10 hours 36 min ago

COMMENTARY:

NY Post - GM no longer feeling Super - 1 hour 34 min ago

Seeking Alpha - GM Could Sink Another 15% By 2013 - 6 hours 33 min ago

AllThingsD - GM Doesn't Like Old Media, Either - 9 hours 52 min ago

Zacks - GM Recalls Aveo in China - Analyst Blog - 10 hours 19 min ago

BusinessInsider - GM Pulled Ads After Facebook Begged It To Use Free Media (FB) - 17 hours 54 min ago

VIDEO:

WSJ Video - GM Won't Advertise in Next Super Bowl - 8 hours 38 min ago

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Wall St Week Ahead: The market is oversold, but major signs say "sell"
Reuters - 6 hours 59 min ago
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

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Indiatimes - Messy Facebook debut marks weak day on Wall St - 7 hours 45 min ago

New York Times - Wall Street Little Changed Before Facebook Debut - 15 hours 18 min ago

Reuters - Wall Street banks facing second-quarter slowdown: analyst - 15 hours 27 min ago

COMMENTARY:

24/7 Wall St. - 24/7 Wall St. Closing Bell — May 18, 2012 - 9 hours 28 min ago

BusinessInsider - Great Job, Wall Street and Facebook! The IPO Was Perfectly Priced... - 11 hours 31 min ago

Minyanville - For Crying Out Loud, Another Wall Street Woman Falls - 13 hours 4 min ago

Time Business - The Creepy Dudes of Wall Street: Are Finance Guys Losing Their Mojo on the Dating Scene, Too? - 13 hours 56 min ago

WSJ Blogs - MarketBeat : Facebook IPO: Wall Street Preps for Heavy Trading Volume - 14 hours 40 min ago

Zacks - Ahead of Wall Street - May 18, 2012 - Ahead of Wall Street - 15 hours 37 min ago

VIDEO:

Reuters Video - Facebook fails to stop Wall St. slump - 7 hours 14 min ago

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Greece and Germany in War of Words Over Euro Crisis
New York Times - 7 hours 4 min ago
A telephone conversation on Friday between Germany’s chancellor and Greece’s president became the latest flashpoint in the unfolding crisis over Greece’s membership in the euro.

RELATED:

Reuters - Europe thinks the unthinkable on Greece - 16 hours 16 min ago

Wall Street Journal - Defiant Message From Greece - 16 hours 26 min ago

Indiatimes - Greece starts work on new polls - 20 hours 43 min ago

COMMENTARY:

Mike Shedlock - Merkel to Approach Greece with "Growth Proposals" while Asking for Referendum on Euro; Elections Provide Yet Another Attempt to Snatch Defeat From Jaws of Victory; New Democracy Leads Latest Poll - 9 hours 58 min ago

WSJ Blogs - Real Time Brussels : A Product Greece Still Makes:Money - 13 hours 26 min ago

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State unemployment rates in April, at a glance
AP - 8 hours 4 min ago
...

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AP - Unemployment rate falls in two-thirds of US states - 9 hours 4 min ago

COMMENTARY:

BusinessInsider - GOOD NEWS: Unemployment Rates Fall In 37 States - 11 hours 30 min ago

24/7 Wall St. - State-by-state Unemployment Rates Don’t Change Much in April - 12 hours 57 min ago

Time Business - Unemployment Rates Drop in 2/3 of States - 13 hours 13 min ago

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Yahoo! stock climbs on report of Alibaba sale
France24 - 8 hours 9 min ago
Yahoo! stock price climbed Friday on renewed rumors that it was close to a multibillion-dollar deal to sell half of its stake in Alibaba.com back to the Chinese online shopping portal.Yahoo! shares were up nearly four percent to $15.42 on the Nasdaq exchange by the close of trading due to unconfirme ...

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BBC - Yahoo jumps on Alibaba deal talk - 12 hours 58 min ago

New York Times - Common Sense: The Undoing of Scott Thompson at Yahoo — Common Sense - 14 hours 5 min ago

Indiatimes - Yahoo shares climb on report Alibaba deal near - 14 hours 31 min ago

COMMENTARY:

NY Post - Yahoo! in $7B Alibaba talks - 2 hours 13 min ago

BusinessInsider - Disgraced Ex-Yahoo CEO Scott Thompson Just Lost Another High-Profile Job - 10 hours 13 sec ago

24/7 Wall St. - More Yahoo! Management Change - 19 hours 10 min ago

AllThingsD - Exclusive: Yahoo Finally Set to Strike Alibaba Share Deal -- Half Now, Then Half of What's Left After Eventual IPO - 22 hours 55 min ago

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Chesapeake Cuts Board Compensation
Wall Street Journal - 8 hours 38 min ago
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.

RELATED:

Reuters - Chesapeake cuts outside directors' pay - 9 hours 11 min ago

COMMENTARY:

Seeking Alpha - Chesapeake: This $13 Stock Is Out Of Gas - 7 hours 34 min ago

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Bankia conned us, Spanish pensioners say
France24 - 11 hours 48 min ago
Pensioners with shares in Spain's nationalised financial giant Bankia say it cheated them into buying its stock, which has plummeted in value.Bankia has taken centre-stage in Spain's financial crisis in the past week, and the price of its shares, unwittingly bought by savers like pensioner Saturnino ...

COMMENTARY:

Mike Shedlock - Spanish Bad-Loans Ratio at 8.37 Percent, a 17-Year High; CDS at Record High; Bankia Suffers Huge Losses Purchasing 15.5 Million Its Own Shares to Stabilize Price; Unions Urge Employees to Buy Shares - 13 hours 48 min ago

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EU Official: Greek Exit Plans Discussed
Wall Street Journal - 13 hours 2 min ago
The European Commission and the ECB are drawing up plans should Greece abandon the euro, Trade Commissioner Karel De Gucht said in an interview published Friday.

RELATED:

BBC - EU 'plans for Greek exit option' - 17 hours 30 min ago

Reuters - EU, ECB working on Greece exit contingency: report - 20 hours 46 min ago

Indiatimes - EU parliament chief warns against Greek euro exit - 22 hours 49 min ago

COMMENTARY:

Minyanville - What Is the Most Likely Scenario If Greece Exits the Eurozone? - 12 hours 4 min ago

BusinessInsider - MARTIN WOLF: A Greek Exit From The Euro Would Be 'A Nightmare' - 12 hours 30 min ago

WSJ Blogs - Real Time Economics : Secondary Sources: Greek Exit, Mortgage Mess, Inflation Targeting - 14 hours 11 min ago

Seeking Alpha - Eurozone Exposures To A Greek Default - 17 hours 3 min ago

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Redington Gulf ends distribution pact with Nokia
Indiatimes - 14 hours 8 min ago
Redington India today said its overseas subsidiary Redington Gulf's distribution pact with Nokia has been discontinued, which will negatively impact its sales.

RELATED:

Indiatimes - Worries mount as Nokia burns through cash - 20 hours 9 min ago

COMMENTARY:

Seeking Alpha - Nokia: Windows Phone Success In China Should Not Be Ignored - 7 hours 34 min ago

BusinessInsider - What Happens When You Hammer A Nail Into A Nokia Lumia? (NOK) - 9 hours 28 min ago

TechCrunch - Analysts: Nokia On Track To Burn Through Its Whole $6B Cash Pile In Next 2 Years - 16 hours 16 min ago

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Re may hit 56/USD over next one month: Barclays Capital
Indiatimes - 14 hours 30 min ago
Re may hit 56/USD over next one month: Barclays CapitalThe rupee is expected to drop further to 56 against the USD over the next month, due to "limited appetite" of RBI to support the currency and weak macro-fundamentals in the country.

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Indiatimes - Rupee to hit 56 in near term and 48 in a year: Barclays Capital - 20 hours 6 min ago

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Facebook IPO: Mark Zuckerberg rings Nasdaq opening bell
Indiatimes - 16 hours 3 min ago
Facebook IPO: Mark Zuckerberg rings Nasdaq opening bellMark Zuckerberg, wearing his trademark hooded sweatshirt, remotely rang the bell to open trade on the Nasdaq, marking a record-setting public offering for Facebook.

RELATED:

Indiatimes - Facebook lists on Nasdaq, Mark Zuckerberg rings opening bell - 16 hours 3 min ago

COMMENTARY:

NY Post - Zuckerberg irked at both NYSE, Nasdaq - 1 hour 34 min ago

BusinessInsider - Zuckerberg Is Now Worth More Than Larry Page And Sergey Brin (GOOG, FB) - 10 hours 1 min ago

WSJ Blogs - Deal Journal : What Zuckerberg's Stake Worth - 11 hours 52 min ago

TechCrunch - Zuckerberg Gets His Own Bizarre Animated News Video On IPO Day - 11 hours 58 min ago

FT Alphaville - Caption this, Zuckerberg edition - 15 hours 20 min ago

VIDEO:

WSJ Video - Zuckerberg Addresses Employees Ahead of IPO - 8 hours 19 min ago

Reuters Video - Mark Zuckerberg thanks Facebook employees, supporters at IPO launch - 11 hours 53 min ago

CNN Video - Zuckerberg's right-hand woman - 16 hours 1 min ago

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Oil prices slide to multi-month lows
France24 - 18 hours 28 min ago
World oil prices slid to new multi-month lows on Friday as the market was rattled once again by concern about the outlook for demand linked to the eurozone debt crisis, analysts said.Brent North Sea crude for delivery in July struck $106.40 per barrel, which was the lowest point since December 21. T ...

COMMENTARY:

BusinessInsider - Morgan Stanley: 'The Path Of Least Resistance For Oil Is Lower' - 14 hours 1 min ago

24/7 Wall St. - Another Dip In Gas And Oil - 19 hours 15 min ago

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Spanish Bad Loans Hit 17-Year High
Wall Street Journal - 18 hours 39 min ago
Bad debts held by Spanish banks rose to a 17-year high in March and the cost of insuring the debt of two major Spanish banks against default hit a record.

RELATED:

Reuters - Spain beset by bank crisis, downgrades, bond pressure - 20 hours 38 min ago

COMMENTARY:

Zero Hedge - LCH Hikes Margin Requirements On Spanish Bonds - 11 hours 53 min ago

The Big Picture - Moody’s downgrades 16 Spanish banks - 13 hours 16 min ago

Credit Writedowns - Spain: Double Barrel Disappointment - 14 hours 6 min ago

FT Alphaville - Spanish banks, wider still - 17 hours 3 min ago

BusinessInsider - TURNAROUND: Yields Are Falling On Spanish And Italian Bonds - 18 hours 15 min ago

24/7 Wall St. - Spain Bank Downgrade Kills Markets Worldwide - 22 hours 2 min ago

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Spain hires Goldman Sachs to value Bankia: report
Reuters - 23 hours 7 min ago
MADRID (Reuters) - The Spanish government has hired Goldman Sachs to carry out an independent valuation of Bankia , the ailing bank taken over by the state last week, Spanish newspaper Expansion said on Friday.

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GE aims to double China JVs to around 56
Indiatimes - 23 hours 34 min ago
John Rice, who is based in Hong Kong and runs the company's global operations, said GE will buy more, sell more and make more in China.General Electric Co

RELATED:

Reuters - GE aims to double China JVs to around 56 in five years - 23 hours 44 min ago

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Vegetable prices push retail inflation to double digit mark at 10.32% in April
Indiatimes - 23 hours 41 min ago
Vegetable prices push retail inflation to double digit mark at 10.32% in AprilConsumer price-based food inflation accelerated to 10.18% in April from 8.22% in Feb, driven by rise in prices of food products.

RELATED:

Indiatimes - Consumer inflation for April accelerates to 10.36% vs 9.47% in March - 23 hours 41 min ago

COMMENTARY:

Seeking Alpha - Capacity Utilization Rate In April 2012 At 79.2% Pointing To Inflation - 16 hours 3 min ago

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