BUSINESS

Nikkei Stock Exchange

Japanese Stocks Plunge On US, Europe Worries

Japanese stock markets plunged Tuesday as weaker-than-expected US manufacturing data and news that confirmed Spain has fallen into a double-dip recession weighed on the sentiment.
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US Housing Sector

US Homeownership Rate Drops To 15-Year Low

The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.
Google

Shareholder Sues Google To Prevent Stock Split

Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents.
Exxon Mobil

Exxon Mobil Shuts Louisiana Oil Pipeline After Leak

Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.
Orhan Pamuk

Nobel Winner Pamuk Opens Novel Museum in Istanbul

Nobel prize-winning Turkish writer Orhan Pamuk realizes a long-nurtured dream on Saturday with the opening of an actual Museum of Innocence - a collection of relics of a half-century of ordinary life - as depicted in his 2008 novel of the same name.
A trader works on the floor of the New York Stock Exchange at the end of the trading day, in New York

Stocks Finish April In Red: Daily Markets Wrap

U.S. stocks ended the last day of April on a sour note with all three major indices posting their first monthly loss of the year, following three months of solid gains. Investors were spooked by a duo of lackluster U.S. economic reports and news that confirmed Spain has plunged into a double-dip recession.
M & A

Mergers, Acquisitions Increase: Sunoco, Delta, Payless Shoe

Mergers and acquisitions are on the upstream as low interest rates, rising business and consumer confidence plus depressed prices for some assets have companies seeking buys that will allow them to expand or cut costs through synergy.
Coca-Cola

Coca-Cola In Talks To Buy $11.6B Monster Beverage

The Coca-Cola Co. (NYSE: KO) is in talks to buy energy drink maker Monster Beverage Corp. (Nasdaq: MNST), an $11.6 billion company whose shares rocketed more than 20 percent Monday, in what would be Coca-Cola's largest acquisition, the Wall Street Journal reported.
Processing facility at Cortez project

Gold Prices Slide Towards $1,650

Gold prices slid towards $1,650 an ounce on Monday, taking a breather after four straight days of gains, as upcoming elections in France and Greece and a European Central Bank meeting later this week pressured the euro versus the dollar.
Hologic

Hologic To Buy Gen-Probe For $3.7B, Gen-Probe Shares Soar

Medical device maker Hologic Inc. said Monday it would acquire diagnostic test maker Gen-Probe Inc. for about $3.7 billion in cash to expand its molecular diagnostic business, international presence and cross-selling opportunities.

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