Saturday, May 25, 2013
 
 

By Angela Moon

NEW YORK (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.

Still, the indexes closed well off their lows in light volume ahead of the three-day Memorial Day holiday weekend.

The Dow ended slightly higher, outperforming th   [READ MORE]
 
 
 
By Jason Lange

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.

New orders for durable goods, which range from toasters to aircraf...   [READ MORE]
 
By Nick Brown

(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group <LCC.N> is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

  [READ MORE]
 
By Jennifer Saba

(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

The company said th...   [READ MORE]
 
By Caroline Valetkevitch

NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path.

Next week could make it harder to figure out, considering that th...   [READ MORE]
 
SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.

The official Xinhu...   [READ MORE]
 
By Karen Jacobs

(Reuters) - US Airways Group <LCC.N> and American Airlines <AAMRQ.PK>, seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small ...   [READ MORE]
 
 
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