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Greek worries linger, pressure stocks, euro

Optimism about the recovering U.S. economy failed to spill over into European stock markets on Tuesday as investors remained jittery about whether Greece's aid package will work.

Bubbling China may crash: Marc Faber

Is the Chinese economy overheated and the dragon country on the verge of collapse? Noted global investor and economic analyst Marc Faber says the Chinese economy might crash within one year. Faber, the publisher of the Gloom, Boom & Doom report, has predicted that the China is going to collapse in the wake of imminent property bubble and declining commodity and stock market prices.

UBS sees moderate withdrawals after strong Q1

UBS boss Oswald Gruebel signaled his strategy to regain clients' trust may be starting to work as withdrawals slowed and the bank delivered its strongest quarterly profit since the crisis started.

Robust U.S. data buoys dollar, stocks subdued

The dollar rose on Tuesday as U.S. data showed factories running at their fastest pace in nearly six years, but stocks gains were reined in by worries about Greece's bailout and China's policy tightening.

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Simon bids $5.8 billion for all of General Growth

Simon Property Group Inc has bid $5.8 billion for all of General Growth Properties Inc , even as its offer to buy a minority stake in its rival was rejected, sources familiar with the matter said on Monday.

Connecticut AG probing Craigslist on paid-sex ads

Craigslist.com was subpoenaed on Monday by Connecticut's attorney general, who is investigating whether the popular online classified ad service is doing enough to quash prostitution on its site and whether it may be profiting from it.

Government mulls antitrust look at Apple: source

Regulators are considering an inquiry into whether Apple Inc violates antitrust law by requiring that its programing tools be used to write applications for the iPad and iPhone, a source familiar with the matter said on Monday.

Goldman subpoenaed in closely watched fund case

Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.

April auto sales up 20 percent in gradual recovery

Auto sales rose about 20 percent in April from recession-stunted results a year earlier, reflecting a still-gradual recovery in the economy.

Goldman makes rare, extensive lawsuit disclosure

Goldman Sachs Group Inc, in a rare move, disclosed information about the many lawsuits and shareholder challenges facing the bank.

Daily forex forecast - 04/5/2010

Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.

Corrected: Goldman makes rare, extensive lawsuit disclosure

(Corrects fourth paragraph to show that the subpoena was revealed in a court document made public on Monday. The subpoena was not received on Monday.)

Electronic medical orders may save lives

NEW YORK - Doctors at a California children's hospital have found the first evidence that using an electronic system to communicate their orders may save lives.

Goldman supboenaed in closely watched fund case

Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.

GMAC posts profit, plans name change

GMAC Financial Services, a lender majority-owned by the U.S. government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages.

Factory growth rises, consumer spending up

Manufacturing registered its fastest pace of growth in nearly six years in April while data on construction and consumer spending pointed to further strength in the economy.

UAL, Continental to form largest airline

United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion in an all-stock deal that will form the world's largest carrier and potentially prune excess capacity in the airline industry.

Ford, Hyundai U.S. April sales up sharply

U.S. auto sales rose in April from recession-stunted results a year earlier, supported in part by incentives, led by Ford Motor Co and Hyundai Motor Co .

Investors skeptical of record Greek bailout

Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

BP shares extend slide as oil spill expands

Oil giant BP Plc's shares sank further on Monday as the oil spill in the Gulf of Mexico continued to grow and the U.S. Justice Department said it was taking part in an investigation of the disaster.

Optimism on economy a broad boost for Wall Street

U.S. stocks rose broadly on Monday as data showed the economy's recovery remained on track, and details of a European financial rescue package for Greece provided a measure of relief.

Pinstripes, pitchforks and profits

Many firms in Boston's financial district invest in things you can't touch: currency futures, index options, credit derivatives and so on.

Investors skeptical on record Greek bailout

Markets reacted skeptically on Monday to a record 110 billion euro bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Ford April U.S. sales rise 25 percent

Ford Motor Co posted a 25 percent increase in its April U.S. sales from a year earlier, propelled by record sales of its Fusion mid-size sedan and robust demand for trucks led by the F-series pickup.

Wall St gains on data, Greece package

U.S. stocks rose on Monday as data indicated the economy was on firmer footing, and details of a European financial rescue package for Greece provided a measure of relief.

BP shares slip further after Justice Dept comment

Oil giant BP Plc's shares in New York sank further in early Monday trade after news that the U.S. Department of Justice was taking part in the investigation of the massive oil spill in the Gulf of Mexico.

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