MANAGEMENT

The Pain In Spain: Bankia Bailout, 5 Credit-Rating Downgrades

Spain Stock Market
Spain's Bankia S.A. requested the country's government provide it with a bailout worth ?19 billion ($24 billion) on Friday, the same day Standard & Poor's Ratings Services said it lowered its ratings on five financial institutions based in the Iberian nation.
A Ecuadorean Cleans Up The Amazon

NY Comptroller To Chevron: Time To Pay $18 Billion Ecuador Fine

New York Comptroller Thomas DiNapoli renewed his call on Friday that Chevron Corp. (NYSE: CVX), the second-largest oil company in the U.S., settle its legal battle against a multibillion-dollar judgment in Ecuador, to avoid further damaging its reputation and shareholder value.
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Kate Upton

Kate Upton Is Back With Sexy Beach Bunny Swimwear Video

Kate Upton, a Sports Illustrated swimsuit edition cover girl and one of the most promising young models in America, is back with a Beach Bunny swimwear video after surviving a controversy over a sexy YouTube clip was taken down by the site.
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$114,000 Debt Paid In Cash By Canadian Lawyer Alex Kenjeev

A Canadian law school graduate thought it would get a few laughs if he paid his $114,000 law school debt in cash. The story of Alex Kenjeev, from Montreal, first surfaced when a Reddit user reposted a photo of the $114,000 receipt Kenjeev had posted on his Facebook account on the Reddit website.
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.
Euro

Germany Now Borrowing Money For Free

Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
An Egyptian man walks in front of a wall sprayed with graffiti depicting a tank, as a protest against the ruling Supreme Council of the Armed Forces (SCAF), near Tahrir Square in downtown Cairo May 16, 2012.

Egypt Goes To Polls For Historic Presidential Election

Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system.
Shareholders arrive for the SAP group general shareholder assembly in Mannheim

SAP To Expand Cloud Presence, Buying Ariba For $4.3 Billion

SAP AG (NYSE: SAP) has agreed Tuesday to buy Internet commerce company Ariba Inc. (Nasdaq: ARBA) for $4.3 billion, as the German business software giant looks to expand its cloud-based services and challenge rival Oracle Corporation (Nasdaq: ORCL).
Formula One IPO in the Fast Lane

BlackRock Buys Stake in Formula 1 Ahead of Singapore IPO

Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.

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