Dollar Bond Sales Stall in Asia as Yields Soar on Debt Crisis - Bloomberg

Asian companies and sovereigns sold no dollar-denominated bonds last week for the first time since January after yields surged on the deepening debt crisis in Europe and slowing industrial output in China.
China Petrochemical Corp., the refiner known as Sinopec Group, sold the last securities in the U.S. currency on May 10, before the slowest […]

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Alton Telegraph gets new owner

A private equity firm with interests in clothing, parking lots, steakhouses and other businesses will be the new owner of The Telegraph, the newspaper that has served the Alton area since 1836.
Sale of The Telegraph by Freedom Communications to an arm of Versa Capital Management is part of a four-newspaper deal the companies announced Thursday. […]

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JPMorgan’s Dimon gets his $23 million pay package

Even as he apologized for a $2 billion trading loss, shareholders approved JPMorgan Chase CEO Jamie Dimon’s $23 million pay package Tuesday at the bank’s annual meeting.
The meeting comes just days after the bank disclosed the massive trading loss, an event that led to the departure of its chief investment officer and forced its […]

Buy American revision reopens threat to Canadian economy

WASHINGTON

Republicans shift burden to avoid defense cuts

Surprise! The budget battles are back.
In an effort to avoid cuts to defense spending, House Republicans are pushing a bill that would shift hundreds of billions in spending cuts from the Pentagon to domestic programs, services for the poor and government regulators.

The plan would strip regulators of the ability to wind down failing […]

CVC says public can’t see Dome plan without Rams’ permission

ST. LOUIS • When it comes to deciding how much taxpayers should know about plans to overhaul the Edward Jones Dome, the Rams appear to be calling the shots.
The Rams, who last month rejected a $124 million renovation plan from the St. Louis Convention and Visitors Commission, by Tuesday must present the commission with an […]

Dow regains its losses for the month

It took a while, but the Dow Jones industrial average finally gained back all its losses for the month.
On a day of conflicting signals, as investors weighed disappointing economic news against reports of higher profits at big companies, stocks inched higher. All three major indexes were up Friday, though barely.
The Dow climbed 23.69 points to […]

Note to press: Stop picking on France

Erik Nielsen, chief economist at UniCredit (), defended France’s honor in a note to clients, saying the financial press is being misleading about the nation’s debts.
Nielsen, in a note sent Wednesday, rebuts claims that a victory by socialist candidate Francois Hollande, the front-runner in the race to the Elysee Palace, would lead to financial […]

CPI Corp. to delay filing annual report


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 […]