Reuters
NEW YORK (Reuters) – Wall Street bulls took the upper hand with a 1 percent rally on Tuesday as hopes for a new plan to deal with Greece's debt crisis relieved some investor worry, but grim economic data suggested more hurdles ahead as the S&P; 500 closed out its worst month since August. Full Story »
SAN FRANCISCO (Reuters) - Yahoo CEO Carol Bartz is known as a strong-willed and straight-talking leader, but some top money managers are betting she can mend fences and compromise with crucial partners in China. Full Story »
Reuters NEW YORK (Reuters) - A double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy's soft patch could become protracted. Full Story »
LONDON (Reuters) - Exchange giant NYSE Euronext is looking to set up two parallel clearing services if it seals its proposed deal to buy Anglo-French clearing house LCH.Clearnet as well as merging with Deutsche Boerse (DB1Gn.DE). Full Story »
Reuters NEW YORK (Reuters) - Consumer confidence slid in May as consumers turned more pessimistic on the outlook for the labor market and inflation worries rose, according to a private sector report released on Tuesday. Full Story »
HELSINKI - Nokia Corp. on Tuesday warned its second-quarter sales and margins will be much lower than expected as rivals challenge the world's largest handset maker in both smartphones and low-end devices. Full Story »
AP BRUSSELS - European officials are locked in a heated debate over whether — and how — to give more aid to debt-ridden Greece just as a much-delayed examination of the country's finances draws to a close. Full Story »
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AFP/File MEXICO CITY (AFP) - Mexico said it would press the candidacy of its central banker Agustin Carstens for the post of IMF chief as it won the endorsement of Spain, but said the outlook for the key finance post remains uncertain. Full Story »
NEW YORK (Reuters) - U.S. retailers are expected to show a moderate increase in May sales, as high gas prices likely tempered consumer demand for summer clothing and other discretionary items. Full Story »
AP WASHINGTON - Even cities that weathered the housing market crash with relatively little damage are suffering now. Full Story »
Reuters SINGAPORE - Oil prices inched higher to near $103 a barrel Wednesday in Asia as traders mulled whether a weakening dollar could help push crude back to 2 1/2-year highs. Full Story »
SACRAMENTO, Calif. - The state Assembly voted Tuesday to extend incentives for California's entertainment industry for five more years, approving up to $500 million in additional tax credits to help keep movie-making jobs in the state. Full Story »
TOKYO (Reuters) - Toyota Motor Corp (7203.T) said on Wednesday it will recall 105,784 early model Prius cars in Japan and overseas to fix a fault with the model's steering and gearbox. Full Story »
Japan underestimated the risk of tsunamis and needs to closely monitor public and workers' health after the crisis at the Fukushima Daiichi nuclear plant, a team of international safety inspectors said in a preliminary review of the world's worst nuclear disaster since Chernobyl. Full Story »
If he had a another chance, former Google CEO Eric Schmidt would have pressed the Internet search leader to focus more on mounting a challenge to Facebook while he was still running the company. Full Story »
Endeavour and its crew of six zoomed toward a middle-of-the-night landing Wednesday to bring NASA's second-to-last space shuttle flight to a close. Full Story »
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