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Wall St Week Ahead: The market is oversold, but major signs say "sell"

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Historic Facebook debut falls flat

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Google says it has China's approval for Motorola deal

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Mark Zuckerberg marries longtime love

Yahoo! Finance - 1 hour 47 min ago
Facebook co-founder Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. Tens of thousands of people "liked" ...
Categories: Financial

Dewey to consider bankruptcy filing: source

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Russia Sberbank sees sale certainty after government formed

Yahoo! Finance - 1 hour 47 min ago
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. ...
Categories: Financial

Obama pledges tough enforcement of Wall Street reforms

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Seaway pipeline sends oil to Texas in historic reversal

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Manulife, Metlife submit bids for ING Asia sale: sources

Yahoo! Finance - 1 hour 47 min ago
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 ...
Categories: Financial

Audi eyes management reshuffle: CEO in magazine

Yahoo! Finance - 1 hour 47 min ago
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. "Against the backdrop ...
Categories: Financial

Status update: Mark Zuckerberg gets married

Yahoo! News: Personal Finance - 2 hours 11 min ago

Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday.


Categories: Financial

5.9-magnitude earthquake strikes near Bologna, Italy

Yahoo! News: Personal Finance - 2 hours 21 min ago
A 5.9-magnitude earthquake struck near Bologna, Italy, on Sunday, according to the U.S. Geological Survey. The quake, which initially registered at magnitude 6.3, was centered 22 miles north-northwest of Bologna in northern Italy at a relatively shallow depth of 6.3 miles, the USGS said. The last major earthquake to hit Italy was a 6.3 magnitude quake in the central Italian city of L'Aquila in 2009, killing nearly 300 people. In January, a 5.3-magnitude quake in northern Italy was felt in Genoa, Bologna, Turin and Italy's financial capital, Milan. (Writing by Doina Chiacu)
Categories: Financial

Chinese activist who fled house arrest lands in U.S.

Yahoo! News: Personal Finance - 2 hours 37 min ago

A blind Chinese legal activist who was suddenly allowed to leave the country arrived in the U.S. on Saturday, ending a nearly monthlong diplomatic tussle that had tested U.S.-China relations.


Categories: Financial

Men accused of plotting attacks around NATO summit

Yahoo! News: Personal Finance - 2 hours 44 min ago

Three activists who traveled to Chicago for a NATO summit were accused Saturday of manufacturing Molotov cocktails in a plot to attack President Barack Obama's campaign headquarters, Mayor Rahm Emanuel's home and other targets.


Categories: Financial

Under pressure, Chesapeake cuts director pay

Yahoo! Finance - 3 hours 3 min ago
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 ...
Categories: Financial

Climber dies after falling on Alaska's McKinley

Yahoo! News: Personal Finance - 3 hours 36 min ago
National Park officials say a climber has died of injuries after falling during a climb of Alaska's Mount McKinley.
Categories: Financial

Weather helps battle against Southwest wildfires

Yahoo! News: Personal Finance - 3 hours 57 min ago

Improving weather helped firefighters in Arizona make progress on Saturday against wildfires that have charred more than 65 square miles (168 square km) of forest, brush and grass in the U.S. Southwest and forced the evacuation of several small towns. More than 2,000 firefighters were battling five blazes in Arizona and Colorado from the ground and air. Meanwhile, a small blaze in New Mexico's Gila Wilderness area ballooned in size as wind whipped the flames. ...


Categories: Financial

I'll Have Another wins Preakness Stakes

Yahoo! News: Personal Finance - 4 hours 29 min ago

I'll Have Another overtook Bodemeister, blazing down the stretch to win the Preakness in the final strides Saturday and keep alive his hopes of winning the Triple Crown.


Categories: Financial

Google says it won China's approval for Motorola deal

Yahoo! Finance - 4 hours 37 min ago
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 ...
Categories: Financial

Analysis: JPMorgan to be haunted by change in risk model

Yahoo! Finance - 4 hours 37 min ago
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. ...
Categories: Financial

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