UNEMPLOYMENT

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 Agrees To Independent Banking Audit, Orders More Reserves From Banks

The Spanish government agreed Friday to an independent audit of the holdings of its banking sector, as requested by the European Union. It also said that banks would be required to set aside more cash in the face of losses from toxic loans, as the country's economy teeters from high unemployment and weak economic output, and also offered high-interest loans for weaker lenders.

Asian Shares Fall On JPMorgan Shock, China Data Awaited

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Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
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McDonald's April U.S. sales miss estimates

Neither premium chicken sandwiches nor Angus burgers could tempt U.S. consumers to spend more on higher-priced items at McDonald's, as a tepid U.S. economic recovery kept restaurant spending in check.
Europe Debt Crisis

Spain Pledges To Step In To Bail Out Troubled Banks

Prime Minister Marian Rajoy said on Monday the government was ready to step in to save banks, starting with Spain's fourth largest, Bankia, which was first in line for state aid.
Spain

Spain Industrial Output Falls 7.5% In March

Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.
The more optimistic outlook for the residential property market in the UK looked to have run out of steam in April as prices edged lower

UK Unemployment Will Rise For Five Years, Warns CEBR

According to the think-tank, a generally weaker economic outlook for a longer period in the UK, and revised jobless forecasts mean that only the affluent areas of London, the South East and East of England will escape the trend.
Nicolas Sarkozy, France's incumbent president, reacts after his defeat for re-election in the second round vote of the 2012 French presidential elections at the Mutualite meeting hall in Paris

French Presidential Election: Sarkozy Concedes Defeat

Nicolas Sarkozy delivered a concession speech Sunday night, following his loss to Socialist candidate Francois Hollande in France?s presidential election. I bear the full responsibility for this defeat, Sarkozy said.
Hollande

Defeat Looms For Sarkozy As French Vote In High Turnout

French voters turned out in force Sunday in the second round of presidential elections that are likely to make Nicolas Sarkozy the 11th European leader to be swept from office by the economic crisis.
2012 Election

Tepid April US Job Growth Makes Close 2012 US Presidential Race Even Tighter

In some U.S. presidential election years, one issue dominates, and that's likely to be the case in 2012. The issue: jobs, and so far the Obama administration's policies have not created enough. President Barack Obama needs to find ways to create more jobs, if he hopes to be re-elected.
Francois Hollande, Socialist Party candidate for the 2012 French presidential election

Euro Stocks Drop On Prospect Of Socialist Leading France

European stocks plunged Friday on fears a victory by the Socialist candidate in France's presidential election could upend prospects of setting the continent's second-largest economy on a sound footing.

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