| US to suspend Myanmar sanctions, but keep laws on books | WASHINGTON (Reuters) - The United States will suspend sanctions barring American investment in Myanmar in response to political reforms, but will retain the laws to ensure against backsliding, Secretary of State Hillary Clinton said on Thursday. | | 5/17/2012 12:04:14 PM |
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| U.S. sets new tariffs on Chinese solar imports-source | (Reuters) - The United States ruled that Chinese solar companies had illegally 'dumped' renewable power equipment on the U.S. market at below-market prices, and ordered tariffs on the imports, a source close to the case said on Thursday. | | 5/17/2012 11:55:20 AM |
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| Facebook to price IPO, demand seen strong | NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc is expected to price its initial public offering on Thursday to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq. | | 5/17/2012 11:50:58 AM |
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| Senate Banking Committee to ask Dimon to testify | WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday. | | 5/17/2012 11:50:09 AM |
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| HP mulls cutting at least 25,000 jobs: sources | (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. | | 5/17/2012 11:25:16 AM |
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| Poll shows Greece electing pro-bailout government | ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. | | 5/17/2012 11:13:49 AM |
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| Spain beset by bank crisis, recession, bond pressure | MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price. | | 5/17/2012 11:04:42 AM |
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| Strong Wal-Mart profit trumps bribery probe concerns | (Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations on Thursday as more people shopped at its established U.S. stores and spent more, pushing shares up 5 percent despite ongoing internal and government probes into possible bribery. | | 5/17/2012 11:00:35 AM |
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| USPS to close or consolidate 140 mail sites | WASHINGTON (Reuters) - The U.S. Postal Service will move ahead with a plan to shut or consolidate mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail. | | 5/17/2012 9:49:23 AM |
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| Jobless claims steady, mid-Atlantic factories sag | WASHINGTON (Reuters) - New claims for jobless benefits last week held at levels suggesting sluggish growth in hiring and factory activity in the mid-Atlantic region contracted in May, worrisome signs for a still-fragile economic recovery. | | 5/17/2012 7:02:02 AM |
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