May 7th
TOKYO, May 7 — Risk assets fell broadly today after elections in Greece and France fuelled questions about whether struggling euro zone economies will continue to pursue austerity measures seen by markets as crucial to resolving the bloc’s debt crisis.
Read more here: Risk assets weaken after French, Greek elections
May 6th
KHOBAR, Saudi Arabia, May 6 — Saudi Aramco and Japan’s Sumitomo Chemical have issued letters of intent to at least two contractors who submitted the lowest bids to expand a petrochemical complex in Saudi Arabia, moving a step closer to a decision on whether to proceed with the major project, industry sources said. British company Petrofac and …
Continued here: UK, Korean companies picked for Saudi petchem project
May 6th
NEW YORK, May 6 — Working for one of the world’s best-known architecture firms, Norman Morgan and Brent Sparks were used to new business landing on their desks. But when the financial crisis struck in 2008, they abandoned the Fort Worth office of HKS Inc, jumped into Morgan’s Ford pick-up truck and began to criss-cross the back lands of Texas, ..
Read more from the original source: US architects hit the road to survive property crash
May 5th
OMAHA, May 6 ― Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career. The question of who will succeed Buffett, 81, as chief executive became more of an …
See the original post: Buffett plays down health concern, mulled megadeal
May 5th
OMAHA, May 6 ― Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career. The question of who will succeed Buffett, 81, as chief executive became more of an …
See original here: Buffett plays down health concern, mulled megadeal
May 5th
FRANKFURT, May 5 – Thomas Cook Group Plc gained a three-year funding lifeline worth
May 5th
WASHINGTON, May 5 – Employers cut back on hiring in April and more people stopped looking for work, troubling signs for President Barack Obama whose re-election prospects could hinge on his handling of the economy. Employers added 115,000 workers to payrolls last month, the Labor Department said yesterday.
See original here: Hiring slows, spells trouble for economy, Obama
May 5th
NEW YORK, May 5 — Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world’s top economy raised the biggest question mark yet about the prospects for US growth. Employers reduced hiring for the third straight month, adding 115,000 workers in April, well below forecasts of 170,000. ..
The rest is here: Wall Street posts worst week of 2012 as job growth slows
May 4th
NEW YORK, May 5 — The heirs of Richard Ritchie, the man who developed the formula for Pepsi-Cola in 1931, sued Pepsico Inc on Friday, saying they wanted to erase any doubt that his documents were theirs to share with historians, collectors and film producers. A lawsuit filed in Manhattan federal court by Ritchie’s daughter, Joan Ritchie Silleck, …
Follow this link: Pepsi formula inventor’s heirs sue Pepsico Inc