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Wall St Week Ahead: The market is oversold, but major signs say "sell"
[18.05.2012]
NEW YORK: 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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Historic Facebook debut falls flat
[18.05.2012]
SAN FRANCISCO: 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.
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Google says it won China's approval for Motorola deal
[19.05.2012]
Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.
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Dewey to consider bankruptcy filing: source
[18.05.2012]
NEW YORK: 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.
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Russia Sberbank sees sale certainty after government formed
[19.05.2012]
WASHINGTON: Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday.
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Obama pledges tough enforcement of Wall Street reforms
[19.05.2012]
WASHINGTON: President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.
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Seaway pipeline sends oil to Texas in historic reversal
[19.05.2012]
HOUSTON: The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.
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Manulife, Metlife submit bids for ING Asia sale: sources
[19.05.2012]
HONG KONG: Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever.
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Audi eyes management reshuffle: CEO in magazine
[19.05.2012]
FRANKFURT: Volkswagen's Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit's head told a German magazine.
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Under pressure, Chesapeake cuts director pay
[18.05.2012]
Chesapeake Energy Corp , under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday.
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