- Blind Activist Arrives in U.S.
Blind Chinese legal activist Chen Guangcheng arrived in the U.S. on Saturday, ending a nearly monthlong diplomatic tussle that had tested U.S.-China relations.chen0519
- At Summit, a Struggle for Consensus
Leaders of the Group of Eight major economies struggled to agree on next steps to calm Europe's debt crisis.0519g800
- J.P. Morgan Struggles to Unwind Huge Bets
The size of J.P. Morgan's bets is bogging down its efforts to extract itself and threatening deeper losses.0518chase
- Facebook's IPO Sputters
Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.0518fbook02
- Queensland Pulls Support for Coal Port Expansion
The Queensland government has withdrawn its support for a $8.86 billion coal port expansion in the northern part of the state, in a sign Australia's resources boom is losing steam.
- China Clears Google to Buy Motorola Mobility
Google said Saturday that Chinese antitrust authorities have cleared the Internet giant's purchase of Motorola Mobility Holdings, pushing the $12.5 billion deal over its last regulatory hurdle.
- Launch Aborted Over Faulty Valve
Space Exploration Technologies said a faulty engine valve was the culprit behind Saturday's aborted launch of the first private spacecraft aiming to dock with the international space station.spacex0519
- GM to Forgo Super Bowl Ads
General Motors has decided it won't advertise in the next Super Bowl, balking at steep ad rates as the auto maker overhauls its global marketing operations.gmsuperbowl
- Dow Swoons for Sixth Day
A day billed as Facebook's coming-out party ended up marking a much gloomier event: the stock market's worst week in six months.0518fbook02
- For Gupta Trial, Tension and Tips
Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship broke down much later.gupta_rajat
- Dewey Closer to Bankruptcy Filing
Dewey & LeBoeuf is readying a possible bankruptcy-protection filing for sometime in the next several weeks, a move that would initiate official liquidation of the beleaguered New York law firm.
- Graff Seeks $1 Billion in Hong Kong IPO
London-based jeweler Graff Diamonds plans to raise $1 billion from a Hong Kong initial public offering that starts Monday.
- Japan 10-Year Yield at 9-Year Low
The fall in Japan's benchmark 10-year government bond yield confirmed the popularity of the country's debt as a safe haven amid renewed concerns about the U.S. economic outlook and continued fears over Europe's debt crisis.
- Japan Nonlife Insurers Hit by Thai Flood Payouts
Tokio Marine's fiscal-year profit plunged 92% while MS&AD Insurance Group and NKSJ Holdings both posted losses, hurt by about $6 billion in payouts related to flooding in Thailand that damaged Japanese manufacturing operations.
- MF Global Trustee Collects $168 Million
J.P. Morgan agreed to hand over $168 million to a bankruptcy trustee representing customers of MF Global.
- Fresh Worries Hit Spain
Jittery U.K. customers of one of Spain's biggest lenders pulled out funds on Friday, and bad debts held by Spanish banks rose to a 17-year high, underscoring the challenges facing the country's financial sector.spbanks
- Asian Shares Slump
Asian markets fell heavily Friday, with Japan, Australia and Hong Kong all hitting four-month lows, as poor U.S. manufacturing data added to rising worries over Europe.
- Yields Sink on Haven Bonds
Nervous investors piled into haven bonds, pushing short-term German yields close to zero, as a raft of Spanish bank downgrades further jolted sentiment already weakened by fears of a Greek exit from the euro zone.
- China Property Prices Extend Fall
Average property prices in 70 Chinese cities declined in April on a year-on-year basis for the second straight month, as developers cut prices to boost flagging sales amid a two-year government campaign to cool the real-estate sector.
- Chinalco Gets Nod to Raise $1 Billion for IPO
Chinalco Mining Corp. received Hong Kong regulatory approval for its plan to raise up to $1 billion in a Hong Kong initial public offering, a person familiar with the situation said Friday.
- India's Drug Proposals Spark Debate
India's government is facing stiff resistance from foreign and local pharmaceutical companies over its plan to severely limit prices for drugs.idrug0518
- Tata Steel Net Drops 90%
Tata Steel's net profit for the fiscal fourth quarter plunged 90% from a year earlier, when a one-time gain boosted its earnings, while sluggish demand for steel in Europe limited the company's sales growth.
- Tencent to Restructure Business
Chinese Internet company Tencent said it will restructure its business operations to improve efficiency and move beyond its core gaming business.
- Dublin Court Rules Against Hutchison
Hong Kong ports-to-telecom operator Hutchison Whampoa has lost a motion in an Irish court to have its €2 billion bid for Irish telecom firm Eircom given due consideration, according to people familiar with the situation.
Wall Street Journal