NEW YORK (Reuters) – U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the...
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. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama...
Leaders of the world’s economic powers say Germany should balance its push for European fiscal austerity with doses of stimulus spending to avoid a financial calamity with global repercussions. (read the story…)
Three men arrested earlier this week when police raided a Chicago apartment were being held on terrorism conspiracy charges Saturday stemming from allegations that they tried to make Molotov cocktails ahead of the NATO summit, but the first major dress rehearsal of this weekend’s large-scale protests was relatively peaceful. (read the story…)
Greek political leaders reacted angrily on Saturday to a suggestion, attributed to German Chancellor Angela Merkel, that the country hold a referendum on euro membership alongside an election next month. (read the story…)
Greek poll front-runner Alexis Tsipras, buoyed by a groundswell of opposition to EU-IMF imposed austerity measures, says forcing his country out of the eurozone would sink the region as a whole. (read the story…)
Sen. Marco Rubio has close ties to a colleague accused of questionable financial dealings. The freshman senator also once was enmeshed in a controversy over the use of the state party’s credit card for his personal expenses. And he has faced increased scrutiny over his personal background since bursting onto the national political scene,...
Hot social network Pinterest just landed a sizable cash infusion: The company raised $100 million in a financing round by e-commerce giant Rakuten. Existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital also participated in the round. (read more…)
Toshiba Corp. (6502) rose the most in seven months in Tokyo trading after saying it will no longer produce televisions in Japan , as falling prices and the strong yen erode earnings at the company’s unprofitable TV-making unit. (read more…)
Get ready for the Facebook feeding frenzy. On Thursday afternoon, the company priced its initial public offering at $38 a share, giving it a market value of $104 billion. The stock begins trading Friday on the Nasdaq. (read the story…)
Visiting French President François Hollande told President Barack Obama on Friday that France’s combat troops would leave Afghanistan by year’s end and pledged to find a way “for our allies to pursue their mission” in talks at a looming NATO summit. The two leaders also bonded (read the story…)
The two sides of Mary Richardson Kennedy’s grieving family faced off in court Friday over custody of her body, just hours before she was mourned at a wake at the estate where she committed suicide. (read the story…)
President Barack Obama and leaders of other major industrial powers stepped outside discussions of European economic woes and Afghanistan that will dominate a long weekend of summitry for a look Friday at options to solidify world resolve against development of an Iranian nuclear bomb and encourage a more forceful response to worsening violence in...
The nation called Ed Ray a hero when he led a terrified group of children to safety after they were kidnapped aboard their school bus and held underground for ransom in the summer of 1976. (read the story…)
To hear his neighbors tell it, James Willie was just a regular guy who sometimes played with the neighborhood kids. Police describe him as a cold-blooded killer who stalked his victims on dark stretches of Mississippi’s highways and shot two of them dead. (read the story…)
Faced with the prospect of losing both hands and her one remaining foot, a young Georgia woman battling to survive a case of flesh-eating bacteria that has already claimed one leg mouthed the words “Let’s do this.” (read the story…)
Warm, dry weather hindered hundreds of firefighters battling a blaze in northern Colorado that federal officials say started with a camp stove. (read the story…)
An Obama administration plan to cut the cost of space flights faces a key test on Saturday when a privately owned rocket lifts off for a practice run aimed at the first private docking at the International Space Station. Space Exploration Technologies’ Falcon 9 rocket and Dragon capsule are scheduled for launch at 4:55...
Japan on Friday upgraded its view of the economy for the first time in nine months, a day after better-than-expected growth figures and thanks to a pickup in exports and consumer spending. (read more here…)
Qualcomm Names Clifford Ficke President Of Qualcomm Japan – Quick Facts (read more here…)
Osaka Mayor Toru Hashimoto caused another public stir recently when he asked all city workers if they have a tattoo and even suggested those who answered yes should quit the municipal government. Earlier this month, the city asked 33,546 employees, excluding those at the board of education, if they have any tattoos after an...
TOKYO, May 18 (Reuters) – Tokyo rubber futures fell 1.4percent on Friday, under pressure from a strong yen and concernsthat the euro zone political and economic crisis will sapdemand, and posted a 4.8 … (read more here…)
PALISADES PARK, N.J. (AP) — Japanese officials are asking a small northern New Jersey town with a large Korean immigrant population to remove a public monument dedicated to women who were forced … (read more…)
