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Kansas City Star Today's Dow Jones Average DJIA Index DJX:DJI, Nasdaq, S&P 500 Stock Market ... Learning and Finance The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, finished the last full trading session in the red once again. The Dow Jones finished at its lowest level since the initial half of January at 12422.49. The Nasdaq finished lower ... US stock index futures point to modest reboundReuters U.S. stocks slide; S&P 500 ends at 4-month lowMarketWatch Stock Futures Jump; Facebook Debut on TapFox Business San Francisco Chronicle -CNBC.com -Investor's Business Daily all 1,306 news articles » Boston.com S&P 500 Declines at Three Times 2011 Rate as May Losses Deepen San Francisco Chronicle That compares with $345 billion in the 13 days after April 29, 2011, when the S&P 500 reached its highest level in three years. Faltering stocks, reports showing weaker economic growth and concern about the economic health of countries from Spain to ... S&P 500 Heads For 4-Month Low Amid Spain Concerns, Muted DataWall Street Journal US STOCKS-Wall St falls before G8 leaders meet on euro zoneReuters US Stocks Slump 6th Day on Europe ConcernBusinessWeek KETK -MarketWatch all 1,036 news articles » Moneycontrol.com Dow Jones Industrial Average Drops 156 Points; S&P 500 Falls To 4-Month Low Huffington Post On Wall Street, the Dow Jones industrial average ended down 156.06 points, or 1.24 percent, at 12442.49. The Standard & Poor's 500 Index was down 19.94 points, or 1.51 percent, at 1304.86. The Nasdaq Composite Index was down 60.35 points, ... Stocks fall; Dow has its 11th loss in 12 daysFresno Business Journal S&P 500 Falls to 3-Month Low on Speculation Greece to Exit EuroSan Francisco Chronicle US stocks lose over 1% on Europe fearsTurkish Press Worcester Telegram -Reuters -NASDAQ all 9,153 news articles » Christian Science Monitor Stock Market News for May 18, 2012 - Market News NASDAQ The Dow and S&P 500 extended their losses into a fifth-straight day and the Nasdaq also took a hammering, as discouraging domestic economic data added to the woes of lingering Greek concerns. The mid-Atlantic region witnessed its first drop in ... How the Dow Jones industrial average and other major US stock indexes fared on ...Washington Post Dow, S&P Down for 5th Day on Greece WorriesCNBC.com Stocks Turning In Lackluster Performance In Early Trading - U.S. CommentaryRTT News all 88 news articles » Moneycontrol.com S&P 500 Tumbles to 4-Month Low Amid Disappointing Economic Data San Francisco Chronicle The S&P 500 slid 1.5 percent to 1304.86 at 4 pm New York time. The Dow Jones Industrial Average slid 156.06 points, or 1.2 percent, to 12442.49. The Nasdaq-100 Index sank 2.1 percent to 2509.05, falling for an eighth day in the longest slump since 2010 ... Stock futures gain, stocks to close worst week of yearCNBC.com Weak economic news, Europe help stocks close lowermsnbc.com Overnight Markets: S&P 500 dives to four-month low on poor economic reportsCitywire.co.uk Reuters India -Reuters -MSN Money all 219 news articles » Proactive Investors UK FTSE 100 falls, but Dow Jones and S&P 500 rise in early trade - UPDATE Proactive Investors UK The Dow Jones Industrial Average (DJIA) rose 15.5 points (0.1 percent) in early deals and the broader S&P 500 index tacked on two points (0.1 percent) to reach 1306. Social network Facebook (NASDAQ:FB) has started trading on the NASDAQ Exchange at ... and more » Stocks on Pace for Worst Week in 2012; FB Gains CNBC.com Facebook By 3 pm ET, over 458 million shares had traded hands, exceeding GM's The Dow Jones Industrial Average declined, after logging its 11th down day in the last 12 sessions. HP The S&P 500 and the Nasdaq also dipped into negative territory. and more » Bloomberg What Drove the Markets Today DailyFinance By Dan Newman, The Motley Fool "Selling in May" may not be a great strategy, but there's no getting around the fact that the Dow Jones Industrial Average (INDEX: ^DJI) is down 5.84% this month, and the S&P 500 (INDEX: ^GSPC) is down more than 6%. Another Loss, But It'll Be OKInvestorplace.com all 265 news articles » New Signal: Dow Theory Primary Tide Bear Market Inside Futures The S&P 500 fell 19.94 points or 1.51 % on Thursday to its lowest closing price in 4 months, since 1/17/12. SPX has now lost 8.05% over 45 days from its high of 1419.04 on 4/2/12, based on closing prices. NYSE trading volume rose 9%. Oil Prices Slide as Inventories and Euro Zone Concerns Grow MarketWatch (press release) NEW YORK, NY, May 18, 2012 (MARKETWIRE via COMTEX) -- Oil stocks have fallen along with sliding oil prices recently. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has dropped nearly 8 percent in the last month. Earlier this week benchmark ... and more »

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Wall Street falls before G8 leaders meet on euro zone  NEW YORK (Reuters) - Stocks fell on Friday as investors turned cautious before leaders of the Group of Eight nations met about the euro zone debt crisis and after a shaky market debut by Facebook Inc . The S&P 500 dipped below the 1,300 level, seen as a key support point, for the first time since mid-January, before the meeting by the leaders of the world's major industrial economies near Washington. Leaders will try to confront the continuing crisis in the euro zone, including the increasing likelihood of a Greek departure from the bloc. ... Historic Facebook IPO marred by trading glitches  SAN FRANCISCO (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise. In late trading, Facebook shares were only a few cents above the company's initial public offering price of $38, after opening 11 percent higher, rapidly heading south to touch their initial price and then rebounding by several dollars. ... Banks' rising bad loans add to Spanish troubles  MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector. The Bank of Spain said bad loans rose to 8.37 percent of banks' outstanding loans, the highest since August 1994 and up from 8.3 percent in February, which was also revised higher. The data was released before Spain names auditors on Monday to assess how bad the losses are likely to get, and how much cash banks will need to rebuild their balance sheets. ... Analysis: More U.S. shareholders call for independent chairmen  Boston (Reuters) - Welcome to the club, Jamie Dimon. Embarrassed by a surprise $2 billion trading loss last week, the chairman and chief executive of JPMorgan Chase & Co faced heightened criticism at the bank's annual meeting on Tuesday. That included 40 percent backing from shareholders for a resolution to strip Dimon of his chairmanship title, up from 34 percent in 2010. With the spring U.S. ... GM passes on running TV ads during 2013 Super Bowl  (Reuters) - General Motors Co will not advertise in next year's Super Bowl because it is too expensive, the top marketing executive for the U.S. automaker said three days after the company said it was dropping paid ads on Facebook. The 2013 Super Bowl will be broadcast by CBS Corp, which is selling 30-second ads for as much as $4 million. Spots on NBC's broadcast of this year's National Football League championship game, the most heavily watched annual event on U.S. television, cost about $3.5 million per 30-second spot. ... Europe thinks the unthinkable on Greece  BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities. German Finance Minister Wolfgang Schaeuble, one of Greece's harsher critics, said market turmoil fuelled by the euro zone debt crisis could last another year or two. "Regarding the crisis of confidence in the euro ... in 12 to 24 months we will see a calming of the financial markets," he said. ... Wall Street banks facing second-quarter slowdown: analyst (Reuters) - Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday. Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including Goldman Sachs Group Inc and Morgan Stanley , dropping 32 percent from the previous quarter, Abouhossein predicted. ... Mexico's Slim eyeing Telekom Austria stake: report  VIENNA (Reuters) - Mexican billionaire Carlos Slim is eyeing a stake in Telekom Austria and is believed to have held initial talks with its two biggest investor groups, Austrian magazine Format reported, without citing sources. It said Slim had been in touch with Ronny Pecik - who with partner Naguib Sawiris has built a 20 percent stake in Telekom Austria - and Austrian state holding company OeIAG, Telekom Austria's biggest shareholder with a 28.4 percent stake. ... EBRD-East Europe wary of fresh euro bank crunch  LONDON (Reuters) - A new banking crunch in the euro zone risks another sharp retreat by western parent banks from vulnerable economies in central and eastern Europe, a process that must be slowed to preserve growth, officials from the region said on Friday. Countries backing Europe's development bank for the former communist bloc elected a new president - for the first time from non-euro member Britain - just as fears grow that a Greek exit from the currency could hit emerging Europe's lenders. ... Kraft cuts Maxwell House coffee prices in U.S.  (Reuters) - Kraft Foods said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House, citing lower green coffee costs since prices peaked last year, making it the second major U.S. roaster to lower its coffee prices this week. The move comes three days after J.M. Smucker Co. cut the cost of well-known brands Folgers and Dunkin' Donuts by an average of 6 percent. It is the second cut to coffee prices since August 2011 for both companies. ... Exclusive: Repsol comes up dry in Cuba offshore well HAVANA (Reuters) - Spanish oil giant Repsol said Friday that the first of three planned wells in Cuban waters was unsuccessful, a blow to Cuba's hopes for energy independence. "I can confirm that the Repsol well in Cuba has been reported to be unsuccessful and that we are proceeding to plug and abandon the well," a Repsol spokesman told Reuters. Repsol operated the well in a consortium with Norway's Statoil and a unit of India's ONGC , drilling 4,500 meters into the sea bed of the Gulf of Mexico. ... Fiat office workers to be laid off for six days in June, July  MILAN (Reuters) - Italian carmaker Fiat said 5,000 office workers at its Mirafiori factory will be laid off for three days in June and three days in July. Car sales in Italy fell 20 percent in the first three months of the year, and are in their fifth year of decline. "When we sell less, we produce less, and therefore our office staff also works less as a consequence," a spokesman said on Friday. Manufacturing workers at Mirafiori in Turin, where Fiat has its executive headquarters, have already been laid off temporarily. ... 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. The new tariffs of around 30 percent, much bigger than had been expected, were set on Thursday by the U.S. Commerce Department after it ruled in favor of local firms which said Chinese exporters were dumping cut-price panels on their market. ... Investor group seeks JPMorgan governance changes  NEW YORK, May 18 (Thomson Reuters Accelus) - A labor-backed investor group critical of JPMorgan Chase & Co's corporate governance said the bank has failed to address concerns over its risk oversight and it will try to rally other shareholders for changes after a $2 billion trading loss. CtW Investment Group, which advises labor pension funds holding what it said are 6 million shares in JPMorgan, has advocated for risk governance changes there for more than a year. ... 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. German daily Handelsblatt earlier cited company sources as saying BMW was examining whether to build plants in Mexico and eastern Europe. It said Slovakia's Kosice and Hungary's Miskolc were possible candidates. BMW declined to comment. Earlier this month, it denied reports it plans to build an assembly plant in Slovakia. ... 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. As the average maturity of a country's debts falls, the amount of bonds it has to sell each year rises. This makes it more exposed to a worsening in market sentiment that could push borrowing costs higher, even to unaffordable levels. ... LVMH looks to burnish Vuitton mystique and buoy sales  PARIS (Reuters) - French luxury giant LVMH is struggling to retain its image as exclusive and high-end creators of $10,000 alligator handbags and goat-lined fur coats, while opening enough stores and reaching enough customers to keep profits high. Thus far LVMH has managed the balance well, but it is taking no chances, offering customers increasingly expensive and bespoke services in an effort to retain a high-end mystique around brands in danger of becoming ubiquitous. ... 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. Schaeuble said he was confident France's new Socialist government would ratify Europe fiscal pact because policymakers were working on a strategy to improve growth, as demanded by French President Francois Hollande. "Regarding the crisis of confidence in the euro ... ... Analysis: JPMorgan CEO gets crisis marks but war isn't over  NEW YORK (Reuters) - Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get him out of it. The JPMorgan Chase & Co CEO made the crisis over the bank's trading loss of at least $2 billion far worse because he had assured financial markets back in April that news reports about massive bets the bank's Chief Investment Office had taken were "a tempest in a teapot". It meant that when the bank disclosed the big and probably growing loss on May 10, it not only had to admit a sizable problem, but also that it had been misleading investors. ... 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. If the GDP forecast is accurate, growth in the second three months of 2012 would be the slowest since the first quarter of 2009, when the global economy was in the grip of the worst financial crisis since the Great Depression. The forecast is in line with the government's official 2012 growth target of 7. ... 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. U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress. ... World stocks fall into negative territory for year  NEW YORK (Reuters) - World stocks erased the year's gains on Friday as investors fled risky investments for safe-haven assets on concerns about the euro zone's deepening debt woes, while U.S. stocks lost ground after the market debut of social network Facebook failed to lift optimism. Brent crude briefly slipped below $107 per barrel to its lowest in 2012 as the euro zone crisis raised fears of a global slowdown that could dent oil demand, while German borrowing costs hit record lows. World stocks, as measured by the MSCI index , dropped 1. ... EU, ECB working on Greece exit contingency: trade commissioner  BRUSSELS (Reuters) - The European Commission and the European Central Bank are working on scenarios in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht has said. Speculation about such planning has been rife, but the comments in a newspaper interview, confirmed by a person close to De Gucht, appear to be the first time an EU official has acknowledged the existence of contingency plans being drawn up in case Greece has to drop out of the currency bloc. ... 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. U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress. ... GM ad move followed failed Facebook pitch: sources  DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook's strategy and illustrated doubts about its perceived advantage over traditional media. GM's decision followed Facebook officials' failure to convince top marketing executives at the U.S. automaker of the benefits of Facebook's paid ads at a meeting that took place in the past few weeks, people familiar with the meeting said on Thursday. ... Analysis: China's towering metal stockpiles cast economic shadow  QINGDAO, China (Reuters) - When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble. At Qingdao Port, home to one of China's largest iron ore terminals, hundreds of mounds of iron ore, each as tall as a three-storey building, spill over into an area signposted "grains storage" and almost to the street. ... Spain beset by bank crisis, downgrades, bond pressure  MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders - including the euro zone's biggest - having their credit ratings cut. Official data confirmed Spain was back in recession and a newspaper reported a big outflow of deposits from Bankia, but the government said it had taken a fundamental step to strengthen Spain's credibility by agreeing big budget cuts with the country's free-spending regions. ... Spain hires Goldman Sachs to value Bankia: report  MADRID (Reuters) - The Spanish government has hired Goldman Sachs to carry out an independent valuation of Bankia , the ailing bank taken over by the state last week, Spanish newspaper Expansion said on Friday. The U.S. bank will review Bankia's and its parent company BFA's books and determine within a month how much the state should inject to refloat the lender, which had to be rescued after its auditor, Deloitte, identified several gaps in last year's accounts. ... MF Global clients bash fat fees, seek quick wind-down  (Reuters) - The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, estimates the fees charged by the team and other professionals have reached nearly $25 million since the bankruptcy was filed in October. Now a customer group is planning to ask that the case be streamlined so that those professionals -- especially Freeh -- receive less and customers receive more. On Friday, a coalition of former MF Global customers plans to argue in U.S. ... GE aims to double China JVs to around 56 in five years HONG KONG (Reuters) - General Electric Co aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday. John Rice, who is based in Hong Kong and runs the company's global operations, said GE will buy more, sell more and make more in China. Rice was speaking at an American Chamber of Commerce event in the city. The largest U.S. conglomerate makes electric turbines, water-purification systems, medical equipment and other infrastructure equipment that developing nations invest in as they industrialize. ... FACEBOOK IPO LIVE: The social network goes public  It's Facebook's big day. Expect lower gas prices heading into Memorial Day If you're lucky enough to live in some parts of the United States, you may see gas pump prices fall to around $3.25 a gallon or less in the next week or two. Even West Coast drivers should get some relief from prices that are still above $4 a gallon. Stocks fall on Europe worries; Facebook debuts  It's going to take more than Facebook's initial public offering to push the stock market higher. Facebook stock up slightly in public debut  Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon. GM decides Super Bowl ads are too expensive General Motors says that it costs too much to advertise during the Super Bowl. 10-year Treasury yield rises from near record low Treasury yields are inching up a day after the yield on the 10-year note brushed near a record low. Recalls this week: Trampolines, unsafe crib tents Children's trampolines with a dangerous defect and a line of crib tents that have already proved deadly for one child are among this week's recalled products. Others include defective safety locks meant to keep children out of cabinets and climbing ropes with a dangerous flaw. Oil prices lower ahead of G8 summit Crude oil prices fell Friday ahead of a weekend meeting in which President Barack Obama and leaders of the world's biggest economies will search for ways to help Europe resolve its ongoing debt crisis. 5 Questions for GM North America chief Mark Reuss  Mark Reuss has arguably the most important job at General Motors. Global leaders seek to corral Europe crisis  The leaders of eight of the world's biggest economies meet this weekend outside Washington, seeking to keep Europe's debt crisis from spiraling out of control and jeopardizing fledgling recoveries in the U.S. and elsewhere.