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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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 […]

The free credit score industry has been booming since the recession as a lot of people hit hard times and want to keep an eye on how the recession has affected their credit standing.

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 […]

The 86 million invisible unemployed

There are far more jobless people in the United States than you might think.
While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

As a result, the labor […]

U.K. Factory Index Falls More Than Forecast on Export Slump - Bloomberg

A U.K. manufacturing index fell more than economists forecast in April to show its weakest growth this year as export orders declined the most since May 2009.
A gauge of factory output, based on a survey by Markit Economics and the Chartered Institute of Purchasing and Supply, dropped to 50.5 from a revised 51.9 in […]

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 […]

CPI Corp. to delay filing annual report


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

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

Iran vows “new initiatives” in talks with West

Iran’s top nuclear negotiator says his country will offer “new initiatives” in talks this weekend with world powers.
The remarks by Saeed Jalili come ahead of the Saturday talks over Tehran’s controversial nuclear program with six countries, including the United States and five other world powers in Istanbul. It is the first time the two sides […]

AP Interview: Islamist warns of ‘new Mubarak’

The candidate for Egypt’s most influential political force, the Muslim Brotherhood, warned Tuesday that the country’s upcoming presidential race may be rigged, a sign of rising tensions as his group faces off against one of ousted leader Hosni Mubarak’s most powerful deputies.
Khairat al-Shater, who is also the Islamist group’s chief strategist and financier, said that […]