Investment

Wall Street posts first weekly loss since mid-April on Fed angst

By Reuters

The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. (1:49 pm)

MORE TOPICS: DOW JONES, BEN BERNANKE, NYSE, NEW YORK, NEW JERSEY

Wall Street on track for first losing week since mid-April

By Reuters

Stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy. (12:28 pm)

MORE TOPICS: DOW JONES, BEN BERNANKE, NEW YORK, NEW JERSEY

Wall St. slips on Fed stimulus uncertainty; P&G jumps

By Reuters

Stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy. (10:28 am)

MORE TOPICS: DOW JONES, BEN BERNANKE, NEW JERSEY

Wall St. drops on uncertainty about Fed stimulus

By Reuters

U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy. (8:49 am)

MORE TOPICS: DOW JONES, BEN BERNANKE, NEW JERSEY

Iceland's new PM rejects EU, but embraces EU economic goals

By Reuters UK

Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said. (8:21 am)

MORE TOPICS: EUROPEAN UNION, ELECTIONS, ICELAND

Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

By Reuters

Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week. (7:56 am)

MORE TOPICS: GENERAL MOTORS, CALIFORNIA, INTELLECTUAL PROPERTY

News Corp's publishing business to initiate stock buyback

By Reuters

News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. (7:00 am)

MORE TOPICS: S&P, RUPERT MURDOCH, AUSTRALIA, NEW YORK, MANAGEMENT, LONDON

GBP/USD Trading at Falling Channel Resistance

By FX Times

Falling Channel: GBP/USD has been trading in a falling channel since retreating from 1.56 at the beginning of May. This channel anchored below a rising channel and price has fallen to a previous pivot around 1.5025. This is below 61.8% retracement of the previously broken rising channel. (5:58 am)

Euro Fails to Breakout as ECB Fires Warning Shot- H&S in Tact

By DailyFX

The Euro climbed to an overnight high of 1.2992 as Germany's IFO Business Confidence survey advanced to 105.7 from 104.4 in April to mark the first rise in three-months, but we're seeing the EURUSD struggle to breakout of the range from ear... (5:50 am)

MORE TOPICS: DOW JONES, TWITTER, BANK OF ENGLAND, EUROPEAN CENTRAL BANK

Raiffeisen CEO quits over offshore deals

By Reuters

Raiffeisen Bank International <RBIV.VI> Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators. (5:28 am)