BUSINESS

Chancellor Merkel and Finance Minister Schauble

EU Leaders Warn Greece: Stick To Austerity Or Leave Euro

Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union.
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Woman walks past stock quotation board outside brokerage in Tokyo

Asian Markets Fall As Euro Zone Concerns Persist

Asian markets fell Thursday on increasing concerns about the debt crisis looming over the euro zone as national leaders were unable to present specific steps to overcome the situation in Europe.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China?s Manufacturing Activity Falls: HSBC PMI

China's manufacturing activity fell in May compared to April and continued to contract for the seventh straight month, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Thursday.
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First Wiretap Played At Gupta's Insider Trading Trial

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.
Traders on the floor of NYSE

Stocks Post Late-Session Recovery: Daily Markets Wrap

U.S. stocks cut losses late in Wednesday's trading session, with two key indexes barely squeaking into positive territory on the strength of surging commodities prices and the shares of companies that produce them.
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48 Hours In Hatay, Turkey

Spend a couple of days exploring this fascinating subculture of Turkey and you will discover an area steeped in ancient history, hospitality and tolerance.
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Jury Rules For Google Against Oracle's Patent Claims

Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology.
Company Logo Shown at Headquarters for Oracle Corp in Redwood City

Oracle To Buy Cloud Social Marketing Platform Vitrue

Oracle Corp. (Nasdaq: ORCL), the No. 1 database company, said it would acquire private cloud media marketer Vitrue for an undisclosed sum a day after German rival SAP (NYSE: SA), Europe's No. 1 software company, offered to acquire e-commerce specialist Ariba Inc. (Nasdaq: ARBA) for $4.3 billion.
U.S. Attorney General Holder delivers a speech at Northwestern University School of Law in Chicago

AG Holder Defends Embattled Voting Rights Act

As the 1965 Voting Rights Act comes under fire from Republican lawmakers and conservative justices on the Supreme Court, Holder explains why it's still needed to fight inequality at the polls.
Auto Factory

Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
Apple Chief Executive Officer Tim Cook (2nd L) talks to employees as he visits the iPhone production line at the newly built Foxconn Zhengzhou Technology Park, Henan province in this March 28, 2012 handout photo.

Cisco, Dell, HP: Is A Tech Recession Coming?

Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?

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