Greek parties try to form government, stocks tank

Fierce political rivalries kept Greece from resolving its leadership crisis as an anti-bailout party refused Monday to return to power-sharing talks.
For the ninth straight day, Greek party leaders were struggling to form a coalition government, riven by differences over the harsh austerity measures demanded by international creditors in return for rescue loans. The impasse means […]

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American Airlines agrees to study merger idea

American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection.
American parent AMR Corp. says that the company and its bankruptcy creditors agreed to develop “potential consolidation scenarios,” but that didn’t mean it would pursue a deal with any particular party.
Still, Friday’s announcement suggested that events could […]

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Buffett shows off Berkshire products at meeting

Billionaire Warren Buffett loves to showcase his company’s products at the annual meeting with a 200,000-square-foot exhibit hall filled with displays where Berkshire Hathaway companies like Dairy Queen and Clayton Homes sell items.
Buffett said Saturday he was feeling good despite disclosing last month that he had been diagnosed with prostate cancer.
Buffett employed the newspaper tossing […]

Morgan Stanley stock jumps on earnings

Morgan Stanley reported better-than-expected quarterly results Thursday helped by a steep run up in its stock and bond trading activity.
Excluding certain accounting changes, trading revenue increased in the first quarter to $4.14 billion, up 18% from a year earlier, and double from the fourth quarter. Those gains came even as stock trading volume slowed […]

IMF Says European Banks May Have to Sell $3.8 Trillion in Assets - Bloomberg

European banks could be forced to sell as much as $3.8 trillion in assets through 2013 and curb lending if governments fall short of their pledges to stem the sovereign debt crisis or face a shock their firewall can

Crisis Programs May Earn Long-Term Profit, U.S. Treasury Says - Bloomberg

The U.S. Treasury Department, defending the Obama administration

Chesterfield outlet mall race still up for grabs

Everyone seems to agree that only one outlet mall will be built in Chesterfield.
But exactly which one is anybody’s guess.
Two major developers have been angling for months to build an outlet mall along Highway 40 on sites less than five miles apart.
The fierce competition took on the feel of a tennis match last week, with […]

Manufacturing up, construction spending falls

The pace of growth in manufacturing picked up last month, but construction spending saw its largest drop in seven months in February, pointing to an economy that is healing gradually.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.4 from 52.4 in February, topping economists’ expectations of 53.0.
It […]

BOE Says European Debt Concerns Persist as Yields Stay Elevated - Bloomberg

The Bank of England said investors remain concerned about the euro-area outlook even after measures by policy makers helped reduced some tensions in markets.

Hong Kong to Pick Leader as Wealth Gap Fuels Discontent - Bloomberg

Hong Kong picks its new chief executive tomorrow, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.
A 1,193-member committee of billionaires, including Hong Kong