Business
Spain's Bankia asks for $24B in state aid
Spain's troubled bank, Bankia, has asked the Spanish government for (EURO)19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.
Business
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BUSINESS
EU takes action against Argentina at WTO
The European Union on Friday started legal proceedings at the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry.
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BUSINESS
EU challenges Argentina trade restrictions at WTO
The European Union is challenging Argentina before the World Trade Organization with claims the South American nations stifles imports to protect its own industry.
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BUSINESS
Barbara Graves, wife of prominent publisher, dies
Barbara Kydd Graves, the wife of the publisher of Black Enterprise Magazine who aided in the growth of the publication and media company, died Friday.
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BUSINESS
Greek euro exit would be a recipe for hardship
As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as ...
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BUSINESS
Why that flat Facebook IPO isn't so bad after all
The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?
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BUSINESS
More travelers to hit the road this Memorial Day
More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.
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BUSINESS
Icahn spends $785M on Chesapeake Energy stake
Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company's directors to be replaced.
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BUSINESS
Typical CEO made $9.6M last year, AP study finds
Profits at big U.S. companies broke records last year, and so did pay for CEOs.
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BUSINESS
Panel sets June 7 date for JPMorgan CEO to testify
JPMorgan Chase CEO Jamie Dimon is being asked to appear before Senate and House panels next month to answer questions about the bank's $2 billion-plus trading loss.
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BUSINESS
Sycamore not ready to pull trigger on Talbots deal
The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private equity firm and that it will actively pursue other options.
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