Greek elections: conservatives projected ahead

Greeks angered by a vicious and protracted financial crisis punished their two main parties in national elections Sunday, with exit polls projecting no party gaining enough votes to form a government.
The conservative New Democracy party appeared the most likely to win the top spot, while the extreme right-wing Golden Dawn seemed set to gain parliamentary […]

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Draghi Leaves Door Open For More ECB Action if Needed - Bloomberg

European Central Bank President Mario Draghi left open the option of further stimulus if the economy continues to deteriorate as investors await the outcome of elections in Greece and France.
While policy makers didn

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Stronger Toyota helps boost US auto sales in April

Toyota is back. It’s putting a year of earthquake-related shortages behind it and grabbing sales from stumbling General Motors and Ford.
Toyota’s sales rose 12 percent in April, and its share of the market returned to levels it hasn’t seen since before the March 2011 earthquake in Japan. Its sales outpaced the industry as a whole, […]

After ‘John Carter’ fiasco, Disney film chief resigns

The titular hero in the sci-fi epic "John Carter" slayed evil aliens, decimated enemy armies — and now, he’s killed Rich Ross’ position as chairman at Walt Disney Studios.
Disney (, Fortune 500) released the movie "John Carter," based on a Martian adventure novel by Edgar Rice Burroughs, to theaters on March 9. The studio […]

Dubai shipbuilder turns to court on debt deal

Dubai’s shipyard operator DryDocks World has filed a claim with a special tribunal in the city-state as part of an effort to push forward its $2.2 billion debt restructuring.
Court records show the Dubai World Tribunal is scheduled to hear a case Monday filed by the company involving Decree No. 57, a law issued by Dubai’s […]

Oil falls from close to 10-month high to near $107

Oil prices fell to near $107 a barrel Tuesday in Asia, slipping from close to 10-month highs ahead of new data on the U.S. economy.
Benchmark oil for April delivery was down 80 cents to $107.29 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.03 […]

SocGen, Generali Join Greece Debt Swap - Bloomberg

Societe Generale SA (GLE), France

Fed

Two Federal Reserve officials opposed additional mortgage-bond purchases by the Fed, saying the measure isn

Greek Parliament to vote on debt writedown deal

Greek lawmakers are debating emergency legislation to approve a massive bond swap that would shave euro107 billion ($142 billion) off the country’s privately held debt.
Parliament will vote late Thursday on the proposed deal, which has already been approved at committee level. The governing coalition controls a strong enough majority to easily pass the law.
The writedown […]

As Facebook IPO nears, the case for dull stocks

Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago.
But they may want to spare a thought for companies slightly less exciting _ a truck leasing company, perhaps, or a manufacturer […]