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Europe on journey to the unknown if Greece exits

AFP -
By Claire Rosemberg (AFP) - 1 hour ago BRUSSELS - As investors and European leaders big and small tot up the potential cost of Greece departing the euro, the European Union too stands perilously close to meltdown after six decades in the making.

Facebook closes flat first day on market

Southeast Missourian -
By BARBARA ORTUTAY ~ AP NEW YORK -- In the hours before Facebook's stock began trading on the Nasdaq for the first time, CEO Mark Zuckerberg reminded the company's 3500 employees not to get caught up in the hoopla surrounding its long-awaited initial ...

JPMorgan's soap opera makes clear that Wall Street is detached from reality

Washington Post -
Jamie Dimon was right about one thing: The embarrassing $3-billion-and-counting trading loss at JPMorgan Chase has played right into the hands of pundits who think Wall Street needs to be put on a shorter leash.

Cramer: Earnings to Watch Next Week

CNBC.com -
What follows is “Mad Money” host Jim Cramer' “Game Plan” for the week of Monday, May 21. MONDAY, MAY 21 Home improvement retailer Lowe's “I am circumspect on Lowe's after the reaction that Home Depot Being as Lowe's is only located in the United States ...

Gold rises but falls short of $US1600

Sydney Morning Herald -
Gold rose more than 1 per cent on Friday, on track for its largest two-day gain since October, boosted by investors' consolidation of positions ahead of the weekend and a stronger euro.

China's secret? It owes Americans nearly $1 trillion

Bradenton Herald -
By RICHARD PARKER The Chinese government doesn't like to talk about it and the US government doesn't want to raise it. But decades ago, Beijing defaulted on debt owed to Americans, as well as investors and governments around the world.

10000 march at Frankfurt Occupy protest rally

BusinessWeek -
German police say some 10000 activists are participating in a major rally of the local Occupy movement in Frankfurt. Police spokesman Ruediger Regis said Saturday more protesters are still flowing into the city center of continental Europe's biggest ...

Crude down, hits biggest 3-wk loss since Aug '11

Reuters -
| NEW YORK (Reuters) - Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of contagion in the euro zone.

WASHINGTON — The unemployment rate fell in two-thirds of US- 4:46 am

Great Falls Tribune -
Colors? Some of my favorites come in a Montana sunset: ablaze in pink, orange and those...- 10:00 pm Montana's unemployment rate dipped slightly to 6.1 percent in April.

CME defends turf with expanded grain trading hours

Reuters -
By Julie Ingwersen | CHICAGO (Reuters) - The CME Group's (CME.O) grain markets will be open for business 21 hours a day starting Sunday afternoon as the exchange guards its turf against upstart IntercontinentalExchange (ICE.

China protests US ruling on cheap solar gear

HeraldNet -
China's government Friday rejected a US antidumping ruling against its makers of solar power equipment and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy.

Nationwide Recall of Dozens of Salad Brands

Daily Green -
By Dan Shapley River Ranch Fresh Foods of Salinas, Calif., is recalling dozens of brands of bagged salads because of possible Listeria monocytogenes contamination, according to the Food and Drug Administration.

Spain faces crisis of confidence after deficit slip

Reuters -
* Spain hikes 2011 deficit to 8.9 pct from 8.5 pct of GDP * Change a disaster for Spanish credibility-economist * Eurostat to send mission to Madrid in next 2 weeks (Adds European Commission to send mission to Madrid) By Paul Day MADRID, ...

Report: Hewlett-Packard To Slash 25000 Workers

Sci-Tech Today -
By Jon Swartz Venerable tech company Hewlett-Packard is reportedly about to cut nearly seven percent of its workforce, with estimates in the press ranging from 25000 to 30000 jobs.

Refloat of Italy's Concordia wreck to be biggest ever

Reuters -
By Catherine Hornby | ROME (Reuters) - Salvage crews will employ huge cranes and air tanks to refloat the half-submerged Costa Concordia cruise liner in the largest ever operation of its kind, according to a plan unveiled on Friday.

Reports: Yahoo Close To Selling 20% Stake In Alibaba

NASDAQ -
(RTTNews.com) - Yahoo! Inc. (YHOO) is close to selling half of its 40 percent stake in Alibaba.com Ltd. (ALBCF.PK) to the Chinese e-commerce firm, reports said.

Candle maker hopes to spark sales with male scents

Boston Herald -
By Donna Goodison How about a candle for the man in your life that evokes Fenway Park [map] on Opening Day? That's the scent that Sam Gerber picked up during a blind sniff test of Yankee Candle Co.

Loans at lower rates, harder to get

Dayton Daily News -
By Chelsey Levingston, Staff Writer 2:28 PM Saturday, May 19, 2012 Local homeowners able to refinance their mortgages at today's record low interest rates could save hundreds of dollars on monthly payments, putting more money in their pockets to spend ...

200-year-old shipwreck found in Gulf of Mexico

WWL -
In this photo provided by NOAA Okeanos Explorer Program, a well preserved shipwreck is seen about 200 miles off the coast of La., at a depth around 4000 feet, in the Gulf of Mexico, Friday, April 26, 2012.

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