BUSINESS

Spain, Greece Send Buyers To German, U.S. Bonds: Daily Markets Wrap

Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap

Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.

JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees

JP Morgan Chase
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
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A Macy's department store is shown in Oceanside

Macy's Beats Earnings Expectations But Still Disappoints Wall Street

Macy's, Inc. (NYSE: M), the national retailer that counts department stores brands Macy's and Bloomingdale's in its portfolio, reported earnings Wednesday that exceeded expectations, but still disappointed Wall Street, which was looking for higher guidance from the company on future earnings.
U.S. investors came back from a long holiday weekend to a flurry of big news from Spain Tuesday, as the government there is looking to stave off the imminent collapse of nationalized financier Bankia S.A. -- the country's fourth-largest bank -- with a €19

Spain To Demand That Banks Recognize More Losses

Spain stepped up efforts to save its troubled banks on Thursday with a plan to make them recognize huge losses from a property crash, but uncertainty over the final cost of a rescue hit the euro, Spanish debt and global stock markets.
Japan's Toyota Motor Corp President Akio Toyoda speaks during a joint news conference with Salesforce.com Chief Executive Officer Marc Benioff in Tokyo May 23, 2011.

Toyota Quarterly Earnings Up 500%, Shares Soar Despite Hard Fiscal 2012

Toyota Motor Corporation (NYSE: TM) reported a 30 percent drop in income for its fiscal year ended March 31, but the company is nevertheless making headway down the road to recovery from last year's earthquake in Japan and floods in Thailand as income for January-March 2012 increased by a factor of five.
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Indian Shares Close Down, Gold Hits Four Month Low, Eurozone Crisis Weighs

Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows.The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.10 after it cut the estimates for actual natural gas reserves available in its Indian blocks.
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Muslim Husband Slaps Sister-In-Law, Calls Her A 'Slut' For Taking His Wife To Beach

A Morocco immigrant attacked his sister-in-law for taking his wife to the beach. He was enraged because she dared to take his wife on the beach trip without his permission, a court heard on Tuesday. Ismail Belghar allegedly slapped Canan Kokden across her face, called her a 'slut' and held her over a car park railing when he noticed his wife Hanife Kokden's sunburned shoulders.
Volkswagen, German factory orders

German Exports Up 0.9% In March, Hit Record

German exports unexpectedly rose for the third straight month in March as demand from outside the euro zone offset weaker sales within the currency bloc, prompting economists to predict that Europe?s biggest economy will escape recession.
Europe

Worsening Greek Crisis Clouds Euro?s Future

A Greek sovereign default has always been a talismanic scare for the euro stakeholders. It would put the common currency under the greatest pressure since its creation, and shake the foundations of the currency bloc.
Mitt Romney

Mitt Romney Arrested In 1981: What Did He Do?

Mitt Romney's dog on the roof story seems to pale compared to his 1981 arrest coming to light. BuzzFeed's Andrew Kaczynski managed to dig up a very little reported story about the Republican Presidential nominee's run in with the law in 1981.
US Market

US Stock Index Futures Signal Wednesday Weakness

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures 0.3 percent weaker, and Nasdaq 100 futures off 0.5 percent at 04:54 a.m. EDT (0854 GMT).
The Toyota logo is shown on the front of a Prius Hybrid vehicle during the first press preview day for the North American International Auto Show in Detroit

Toyota Profit Climbs Amid Improving US Market

Japanese automaker Toyota Motor Corp said Wednesday that its net profit for the three months ending March 31 surged five times compared to a year earlier as the car market picked up in the US.

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