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Austrian finance minister: No to eurobonds

Austria's finance minister is rejecting the idea of introducing jointly issued eurobonds any time soon and says that running up new debts to finance growth is "nonsense."

Embittered Facebook investors ponder next move

To say that Facebook's debut as a public company was bungled is something like saying Facebook is a website you might have heard of.
Spain's lender Bankia says it won't need more aid

The president of Bankia tried Saturday to calm fears about the future of the bank, saying Spain's second largest mortgage lender will emerge as a solid financial entity after it receives (EURO)23.5 billion ($29.5 billion) in state aid in the country's biggest-ever bank bailout. 1338056554
IMF chief Lagarde: Little sympathy for Greece

The managing director of the International Monetary Fund says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.
For something so simple, pasta is serious business

They twirled, they sniffed, they slurped, they chewed.
Greek euro exit would be a recipe for hardship

As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as prices soar.
Why that flat Facebook IPO isn't so bad after all

The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lower prices and then pocket huge profits when the trading frenzy begins?
Barbara Graves, wife of prominent publisher, dies

Barbara Kydd Graves, the wife of the publisher of Black Enterprise Magazine who aided in the growth of the publication and media company, died Friday.
After closing arguments, bankruptcy judge advises American to make a deal

As American Airlines made its final stand Friday in U.S. bankruptcy court, the judge finished the lengthy hearing on a surprising note by telling the courtroom that the airline and its unions need to work toward a deal.
News Summary: Beef, chicken, pork prices climbing

MORE GAINS: Meat prices are expected to rise faster than overall food costs in 2012. Prices rose in the spring and may increase an additional 1 percent to 3 percent this summer.
US consumer confidence highest in 4 1/2 years

A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
Icahn spends $785M on Chesapeake Energy stake

Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company's directors to be replaced.
Wheat climbs as dry weather lingers over Kansas

Wheat prices rose 2.6 percent Friday as questions persisted about how much dry weather has affected the crop in Kansas.
Treasury yields dip as focus shifts to Spain

Yields on U.S. government bonds slipped Friday as traders turned their attention to Spain's debt troubles.
Greek euro exit would be a recipe for hardship

As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as prices soar.
Retail beef, chicken, pork prices still climbing

The money you're saving on gasoline may go toward buying steaks, ribs and chicken for the barbecue.
Weekly US oil, gas rig count down by 3 to 1,983

The number of rigs actively exploring for oil and natural gas in the U.S. is down three this week to 1,983.
Mattress maker shares up on strong sales

Shares of mattress makers got a boost Friday from an industry survey that showed U.S. mattress sales improved sharply for April.
Panel sets June 7 date for JPMorgan CEO to testify

JPMorgan Chase CEO Jamie Dimon is being asked to appear before Senate and House panels next month to answer questions about the bank's $2 billion-plus trading loss.
Cheaper gas spurs more travelers this Memorial Day

More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.