Business News: Stocks futures rise, markets to close worst week of year NEW YORK (Reuters) - Stock index futures edged up on Friday but major indexes were setting up to close their worst week of the year, while Facebook's debut could help lift battered investor sentiment.
Fri, 18 May 2012 07:51:19 -0400 Investors brace for Facebook debut on Wall Street (Reuters) - Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history.
Fri, 18 May 2012 07:42:03 -0400 Banks' rising bad loans add to Spanish troubles MADRID (Reuters) - Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed on Friday, underscoring the problems facing the government as it attempts to clean up the sector and get its economy back on track.
Fri, 18 May 2012 07:58:57 -0400 China cries foul after U.S. sets tariffs on solar imports (Reuters) - The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism.
Fri, 18 May 2012 06:23:03 -0400 BMW eyes new production sites abroad: source MUNICH (Reuters) - Premium carmaker BMW is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.
Fri, 18 May 2012 07:57:28 -0400 Italy to keep debt profile outside riskier area MILAN (Reuters) - The average lifespan of Italian debt, which has fallen during the euro zone crisis as investors favor safer short-term issues, should still be close to the current level of 6.8 years at the end of 2012, a top Italian debt official said.
Fri, 18 May 2012 07:56:58 -0400 Euro zone market turmoil to last 12-24 months: German finance minister PARIS (Reuters) - Market turmoil over the euro zone crisis could last another 12 to 24 months, German Finance Minister Wolfgang Schaeuble said on Friday, saying it was up to the Greeks to decide if they wanted to stay in the single currency.
Fri, 18 May 2012 00:04:48 -0400 China second quarter GDP growth seen at 7.5 percent: government think-tank BEIJING (Reuters) - China's annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Center, a government think-tank, said in a report published on Friday.
Fri, 18 May 2012 02:28:40 -0400 JPMorgan's Dimon says will testify before Congress WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.
Fri, 18 May 2012 07:44:43 -0400
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