Europe’s debt crisis joins governments and banks at the hip – Chicago Tribune
LONDON — The alarm over potential bank runs in Greece and Spain this week has highlighted an often-overlooked fact: Europe’s debt crisis is also, in many ways, a major banking crisis. In capitals such as Athens, Madrid and Rome, large portions of the sovereign debt racked up by spendthrift … – Bing News Let’s be [...]
Yahoo-Alibaba deal said near – Yahoo Finance
Shares of Yahoo (YHOO – News) got a boost on a report that it was close to selling its valuable 40% stake in Chinese Internet group Alibaba back to the company. Yahoo climbed as much as 6.7% Fri. before easing to close at 15.42. Yahoo and Alibaba are close to an agreement that could happen [...]
Analysis: More U.S. shareholders call for independent chairmen – msnbc.com
Boston (Reuters) – Welcome to the club, Jamie Dimon. Embarrassed by a surprise $ 2 billion trading loss last week, the chairman and chief executive of JPMorgan Chase & Co faced heightened criticism at the bank’s annual meeting on Tuesday. That included 40 percent backing from shareholders for a … – Bing News (Reuters) – [...]
Wall Street flat after Facebook IPO fizzles
NEW YORK (Reuters) – Stocks were little changed on Friday, reversing earlier gains after Facebook Inc stumbled in its market debut after a delayed opening. Shares of the social networking giant were volatile in early trading, falling to near breakeven levels after early gains of more than 10 percent. In early trading it was the [...]
EU Morning Report- Greek and Spanish woes weigh on the euro
The euro (EUR) plummeted against the dollar sliding to a four-month low at 1.2655 from 1.2748 as risk aversion dominates the markets. World equities tumbled as investors fear that Greece may leave the euro after the second election in the country in June. Poor economic data from the US and concerns about the growing [...]