Facebook drop reaches nearly 10%, to below $29

Facebook shares fell below the $30 mark for the first time Tuesday amid speculation that it is preparing to buy Opera Software, a Norwegian […]

Asean Backing Junk-Rated Debt Lures Prudential: Southeast Asia - Bloomberg

Southeast Asia

Singapore

Singapore

China’s manufacturers still hurting

China’s manufacturing sector continued to shrink in May, according to preliminary data released Thursday.
HSBC’s Flash Purchasing Managers’ Index fell to 48.7 in May from […]

U.K. Retail Sales Fall Most in Two Years on Rain Effects - Bloomberg

May 23 (Bloomberg) — U.K. retail sales fell the most in more than two years in April as record rainfall reduced demand for clothing […]

Facebook

Let the Facebook Inc. finger-pointing begin.
After one of the most anticipated initial public offerings in history, Facebook

Payrolls Increase in 32 States, Led by Indiana and Texas - Bloomberg

Payrolls increased in 32 states in April, while the unemployment rate dropped in 37, indicating the labor market improved across much of the U.S.
Indiana […]

Postal plants to shrink, 28,000 jobs at stake

The U.S. Postal Service announced on Thursday it’s moving forward with a $2.1 billion cost-savings plan to consolidate postal plants over the next two […]

Romney Attacks Obama for Not Cutting Debt Amassed by Bush - Bloomberg

Mitt Romney, attacking President Barack Obama for the second consecutive day for swelling federal deficits, said the president has done

Best Buy head to leave after CEO inquiry

Best Buy said Monday that its founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was […]