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Wall Street Week Ahead: Market is oversold, but major signs say "sell"
Sunday, May 20, 2012 09:29 PM
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.

Apple, Samsung CEOs head to court-ordered play date
Sunday, May 20, 2012 09:00 PM
SAN FRANCISCO (Reuters) - The chiefs 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.

Euro zone row gets fat pay rise for German workers
Sunday, May 20, 2012 10:25 PM
BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday.

Facebook shares could fall below IPO price: Barron's
Sunday, May 20, 2012 11:19 PM
(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition.

U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
Sunday, May 20, 2012 10:23 PM
WASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday.

Weaker euro zone nations need more support from core: UK
Sunday, May 20, 2012 07:01 PM
LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday.

Insight: China pays high price to spare state firm from bankruptcy
Sunday, May 20, 2012 11:17 PM
WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper.

Status update: Facebook's Mark Zuckerberg gets married
Sunday, May 20, 2012 04:58 PM
(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site.

China state-run businesses to invest 350 billion yuan in Chongqing
Sunday, May 20, 2012 03:25 PM
BEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai.

China's Wen urges more support for growth
Sunday, May 20, 2012 05:22 PM
BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter.

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