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Wall Street Week Ahead: Market is oversold, but major signs say "sell": Sun, 20 May 2012 10:29:54 -0400 - NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.
Markets regain ground but still edgy over Greece: Sun, 20 May 2012 23:10:39 -0400 - TOKYO (Reuters) - Markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth.
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion: Sun, 20 May 2012 22:31:32 -0400 - (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
Facebook faces crucial week after modest debut: Sun, 20 May 2012 21:28:36 -0400 - NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater.
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ: Sun, 20 May 2012 22:46:39 -0400 - (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.
Ex-Goldman director faces U.S. jury in insider case: Mon, 21 May 2012 00:09:22 -0400 - NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles.
G8 growth talk leaves wary markets awaiting action: Sun, 20 May 2012 22:20:08 -0400 - (Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets.
Qantas to cut another 500 maintenance jobs: Sun, 20 May 2012 23:33:45 -0400 - MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits.
Apple, Samsung CEOs set for court talks: Sun, 20 May 2012 17:53:40 -0400 - SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.
Australia to seal trade deal with Malaysia: Sun, 20 May 2012 20:53:17 -0400 - CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners.