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Updated: 1 hour 21 min ago

Wall Street Week Ahead: Market is oversold, but major signs say "sell"

1 hour 52 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 this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

Apple, Samsung CEOs head to court-ordered play date

2 hours 22 min ago
SAN FRANCISCO (Reuters) - The chiefs of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.

Weaker euro zone nations need more support from core: UK

4 hours 21 min ago
LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday.

China's Wen urges more support for growth

6 hours ago
BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter.

Status update: Facebook's Mark Zuckerberg gets married

6 hours 24 min ago
(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site.

China state-run businesses to invest 350 billion yuan in Chongqing

7 hours 57 min ago
BEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai.

Samsung's mobile chief says has options to settle war with Apple

8 hours 17 min ago
SEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc..

Two smaller unions agree deals with Lockheed

20 May, 2012 - 03:41
(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week.

Google says it has China's approval for Motorola deal

20 May, 2012 - 01:23
(Reuters) - 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.

Seaway pipeline sends oil to Texas in historic reversal

19 May, 2012 - 20:13
HOUSTON (Reuters) - 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.

Russia Sberbank sees sale certainty after government formed

19 May, 2012 - 20:11
WASHINGTON (Reuters) - 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.

Google says it won China's approval for Motorola deal

19 May, 2012 - 20:01
(Reuters) - 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.

Audi eyes management reshuffle: CEO in magazine

19 May, 2012 - 13:15
FRANKFURT (Reuters) - 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.

Obama pledges tough enforcement of Wall Street reforms

19 May, 2012 - 13:00
WASHINGTON (Reuters) - 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.

Manulife, Metlife submit bids for ING Asia sale: sources

19 May, 2012 - 05:32
HONG KONG (Reuters) - 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.

CFTC opens probe into JPMorgan trading loss: source

19 May, 2012 - 03:51
(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters.

Dewey to consider bankruptcy filing: source

19 May, 2012 - 03:11
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.

Morgan Stanley made big bet on Facebook

19 May, 2012 - 02:08
NEW YORK (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price.

Historic Facebook debut falls flat

19 May, 2012 - 00:53
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.

Hedge funds dump $2 billion in gold over a week: CFTC

19 May, 2012 - 00:18
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.



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