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Sarah Hughes Won't Get Ice Rink Renamed For Her

Sarah Hughes, who an Olympic gold medal for the U.S. at the 2002 Winter Olympics, won't have the public skating rink in Great Neck, N.Y., renamed in her honor, the Great Neck Park Commission has ruled.
Photos of yuan and U.S. dollar banknotes are displayed at a money exchange in Hong Kong

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The hard reality is that companies involved in global trade are almost always exposed to exchange rate risk. Using very simple tools, uncertainty can be effectively stripped out of a transaction.
EU Commissioner De Gucht

EU Sues Argentina For 'Protectionism' As Trade Row Deepens

The European Union has filed a suit with the World Trade Organization against Argentina?s import restrictions, raising the dispute between the EU and the South American nation only weeks after Buenos Aires nationalized Spanish oil firm Repsol?s subsidiary in the country.
Chancellor Merkel and Finance Minister Schauble

EU Leaders Warn Greece: Stick To Austerity Or Leave Euro

Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China?s Manufacturing Activity Falls: HSBC PMI

China's manufacturing activity fell in May compared to April and continued to contract for the seventh straight month, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Thursday.
Benihana

Benihana To Be Privatized For $296 Million

Japanese restaraunt chain Benihana Inc. (Nasdaq: BNHN) has agreed to be taken private and sold to Angelo, Gordon & Co.'s private equity group for around $296 million after profits fell in the past year because of increased costs.
China, India

China To Boost Growth Again, But Cautiously

An annual GDP growth rate of 8 percent would be an economic miracle in most of the world. In China, it has the government looking for ways to help the economy grow more -- but not by spending indiscriminately for stimulus plans.

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