Greece Euro-Exit Debate Goes Public - Bloomberg

From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro.
Post-election tumult in Athens has put the once-taboo subject of an exit from the 17-country currency union on the agenda, lifting the veil on possible […]

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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, […]

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German opposition says EU treaty likely delayed

German Chancellor Angela Merkel’s refusal to amend a European treaty on fiscal discipline with measures to promote growth in struggling EU countries might delay the deal’s ratification in Germany, an opposition leader said.
The Social Democrats’ caucus leader Frank-Walter Steinmeier told the Sueddeutsche Zeitung daily on Saturday that his party also wants a financial transaction tax […]

Cooling Job Market Takes Toll on U.S. Confidence: Economy - Bloomberg

More Americans than forecast filed applications for unemployment benefits last week and consumer confidence declined by the most in a year, signaling that a cooling labor market may restrain household spending.
Jobless claims fell to 388,000 from a revised 389,000 the prior week that was the highest since early January, Labor Department figures showed today […]

Insurer WellPoint’s 1Q profit falls 7.6 percent

WellPoint says its first-quarter net income fell nearly 8 percent as enrollment slipped and expenses rose, but the health insurer raised its earnings forecast for 2012.
The Indianapolis company says it earned $856.5 million, or $2.53 per share, in the three months that ended March 31. That’s down from $926.6 million, or $2.44 per share, in […]

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 […]

Don’t be so cheery! Here’s what to worry about

It’s tough being a sourpuss these days.
The birds are singing and flower blooming. The Cardinals are winning.
The stock market is up 9.6 percent this year. Unemployment is coming down, slowly, and the American economy is heating up, slowly.
If things keep up like this, we grouches may be tempted to smile. Perish the thought! The ache […]

Hacker attack underlines Web role in China scandal

A massive hacker attack has crippled an overseas website that has reported extensively on China’s biggest political turmoil in years, underscoring the pivotal role the Internet has played in the unfolding scandal.
North Carolina-based Boxun.com was forced to move to a new web hosting service Friday after its previous host said the attacks were threatening its […]

Diplomat:Iran nuke talks show progress

Negotiators for Iran and six world powers were making encouraging progress Saturday in bridging differences that have doomed previous meetings meant to reduce fears that Tehran intends to turn its atomic program into making weapons, a diplomat close to the talks said.
With the meeting just breaking for lunch, the diplomat cautioned against premature optimism about […]

ECB Seen Favoring Bond Buying Over Bank Loans - Bloomberg

The European Central Bank will restart its controversial government bond purchases rather than offer banks another round of unlimited three-year loans as the sovereign debt crisis worsens, a survey of economists shows.
Of 22 economists polled this week, 17 predicted the ECB will be forced to resume the Securities Markets Program (ECBCSMP), while only one […]