Business News

Nasdaq 'embarrassed' over Facebook trading issues - Reports
CNNMoney
NEW YORK (CNNMoney) -- The chief executive of Nasdaq OMX said he was "embarrassed" after technical glitches caused Facebook's widely-anticipated IPO to be delayed Friday, according to several news reports. Issues stemming from a number of late order ...
Nasdaq's Facebook ProblemWall Street Journal
Quick View: 'Raindrops' raise questions after Facebook IPOFinancial Times
Reports: Nasdaq 'Embarrassed' at Facebook DelayABC News
PCWorld -Fox Business
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Hedge Funds Rebuild Bearish Euro Bets for Greek Exit Banks Weigh
Bloomberg
The euro has weathered the worst financial crisis since the Great Depression, bailouts of Greece, Ireland and Portugal, and falling interest rates. Now, investors are betting like never before that a Greek exit would be too much to keep the 17-nation ...
Prime Minister David Cameron in Greece eurozone warningBBC News
Europe Needs a Genuine Financial UnionWall Street Journal
Greece's exit from euro zone not a foregone conclusionGlobe and Mail
Economic Times -CNBC.com -New York Times
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Napoleon of Courtroom Next Takes On Gupta
Wall Street Journal
By REED ALBERGOTTI In pursuing the conviction of insider trader Raj Rajaratnam, Reed Brodsky's tenacious style led jurors to nickname the 5-feet-9-inch prosecutor "Napoleon." Now, the 42-year-old lawyer, who left private practice eight years ago to ...
Ex-Goldman director Rajat Gupta set for insider trading trialCNNMoney
NY trial of ex-P&G, Goldman board member starts

Yahoo Inc. Nears Deal Over Stake In Alibaba
Wall Street Journal
By ANUPREETA DAS Yahoo Inc. is a hair's breadth away from a deal to sell part of its stake in Alibaba Group Holding Ltd. back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship ...
Yahoo near selling partial Alibaba stake for $7.1 billion: sourceReuters
Yahoo near deal to sell half of Alibaba stake: WSJMarketWatch
Yahoo strikes deal to sell half of Alibaba stakeCNET
Bloomberg -ABC News -BusinessWeek
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JPMorgan's chief Jamie Dimon gets crisis marks but the war isn't over
Economic Times
NEW YORK: Shooting from the hip may have got Jamie Dimon into deep trouble - shooting straight may help to get him out of it. The JPMorgan Chase & Co CEO made the crisis over the bank's trading loss of at least $2 billion far worse because he had ...
Discord at Key JPMorgan Unit Is Faulted in LossNew York Times
JPMorgan's soap opera makes clear that Wall Street is detached from realityWashington Post
Why JPMorgan Chase Is Not A Sacrificial Lamb For Big BanksForbes
TheStreet.com -International Business Times
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US Gasoline Falls to $3.78 a Gallon
Bloomberg
The average price for regular gasoline at US filling stations fell 6.19 cents in the past two weeks to $3.7833 a gallon, according to Lundberg Survey Inc. The survey covers the two-week period ended May 18 and is based on information received from ...
Gas prices down 18 cents since April, survey findsCNN
National gas prices down 6 cents in past 2 weeksSan Jose Mercury News

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Wheat Rallies to Three-Month High as Dry Spell Hurts Crop
Bloomberg
Wheat surged to the highest price since early February, heading for the biggest weekly increase in 21 months, on speculation that dry weather in the US and the Black Sea region will hurt crops and limit production. Little or no rain has fallen during ...
Grains Week Ahead-Dome of heat may trigger risk premiumsReuters
Russian crop damage worries lift wheatFinancial Times
Morocco Wheat Production May Plunge in Next Year, USDA Unit SaysBusinessWeek
Fox Business -Prairie Star -The Republic
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Consumers celebrate Sunday alcohol sales in Connecticut
The Hour
NORWALK -- For Norwalk resident Alyssa Hardie, the time and money spent traveling to New York to purchase alcohol on Sundays has finally come to an end. Hardie celebrated yesterday's historic milestone, which permits the sale of alcohol on Sundays and ...
Sunday liquor sales begins todayCt Post
Sunday alcohol sales law takes effect in Connecticut7Online.com
First day of Sunday retail alcohol sales in CTWWLP 22News
Patch.com -Fairfield Citizen
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Oil supply deal puts pressure on Iran
Financial Times
By Robin Harding in Washington and Javier Blas in London The G8 countries ramped up pressure on Iran with an unprecedented joint agreement to release oil from their strategic reserves if there is further disruption to supply.
Iran Surviving 'Difficulties,'Official SaysWall Street Journal
Iranian Minister Predicts Oil Price Rise With SanctionsBloomberg
Iranian Minister Predicts Oil Price RiseBusinessWeek
Christian Science Monitor -Reuters India
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