Business News

• Chinese WTO suit hits back at U.S. duties May 25, 2012
  GENEVA (Reuters) - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidized, including solar panels and steel products. […]
• Talbots talks with Sycamore end with no agreement May 25, 2012
  (Reuters) - Shares of Talbots Inc plunged as much as 36 percent on Friday after exclusive negotiations with Sycamore Partners ended without an agreement for the private equity firm to buy the women's apparel retailer, which can now look for other deals. […]
• Dow dips, Nasdaq and S&P up before long weekend May 25, 2012
  NEW YORK (Reuters) - The Dow slipped while the Nasdaq and the S&P 500 inched higher on Friday as warnings about Greece kept investors cautious before a long holiday weekend, with shares likely to drift lower into the close. […]
• May consumer sentiment highest in more than four years May 25, 2012
  NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed. […]
• Spain region, Greek exit warnings rattle euro zone May 25, 2012
  (Reuters) - Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. […]
• Europe slowdown adds more tension to Greek drama May 25, 2012
  (Reuters) - Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart. […]
• Lehman to buy rest of Archstone for $1.58 billion May 25, 2012
  (Reuters) - Lehman Brothers Holdings Inc said it would acquire the remaining 26.5 percent of apartment company Archstone that it didn't already own from Barclays Capital and Bank of America Corp for $1.58 billion. […]
• Bankia set to ask Spain for more than $19 billion May 25, 2012
  MADRID (Reuters) - Spain's Bankia SA is set to ask the state for a more than 15 billion euros ($19 billion) bailout on Friday, marking another rise in the cost of a drawn-out rescue of the country's fourth-biggest bank. […]
• Facebook market makers' losses total at least $100 million May 25, 2012
  (Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. […]
• NBC may buy Microsoft's MSNBC.com stake May 25, 2012
  (Reuters) - NBCUniversal is in talks to buy out Microsoft Corp's 50 percent stake in joint venture MSNBC.com, media reports said. […]