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  • AIG won't accept lower Prudential offer for AIA (AP)

     AP - U.S. insurer AIG said Tuesday it won't accept lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm its rebellious shareholders.

  • World markets fall amid China, Europe jitters (AP)

     

    Traders work on the floor at the New York Stock Exchange Thursday, May 27, 2010, in New York.  (AP Photo/Seth Wenig)

    AP - World stocks fell Tuesday amid news China's manufacturing slowed in May and as investors fretted Europe's shaky government finances could undermine the global economic recovery.


  • 'Flotels' await oil spill cleanup workers on Gulf (AP)

     

    Floating living quarters for Deepwater Horizon oil spill cleanup workers, known as 'flotels' are at a dock in Grand Isle, La., Monday, May 31, 2010. (AP Photo/Gerald Herbert)

    AP - The 40-foot-long corrugated steel boxes, resembling oversized white shipping containers, are stacked two high and three wide atop a barge at Port Fourchon, the oil industry's hub on the Gulf of Mexico. The words "Martin Quarters" painted in black offer the only clue that they're not stuffed with cargo.


  • China's shift away from cheap labor hard on all (AP)

     

    In this photo taken on Feb 24, 2010, a recruiter from Foxconn talks to job applicants outside the factory in Shenzhen in southern China's Guangdong province.  A Chinese employee of Foxconn Technology Group fell from a building and died Tuesday, May 25, 2010, state-run media said, in the 10th such death this year at the world's largest contract maker of electronics, such as the iPod, Dell computers and Nokia phones. (AP Photo) ** CHINA OUT **

    AP - Global manufacturers struggling with life-or-death pressures to control costs are finding that the legions of low-wage Chinese workers they rely on have limits.


  • ECB warns of more bank loan losses (Reuters)

     

    A screen shows the voting results for the Spanish government's austerity plan at the Parliament in Madrid May 27, 2010. REUTERS/Sergio Perez

    Reuters - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.


  • Oil falls to near $72 as stocks, euro fall (AP)

     

    In this May 27, 2010 photo, the price for one gallon of unleaded regular gasoline appears on the sign in front of a Sunoco gas station in Bedford, Ohio. Motorists will catch a break at the gas pump as they head out for the Memorial Day weekend. (AP Photo/Amy Sancetta)

    AP - Oil prices tumbled to near $72 a barrel Tuesday in Asia as weakness in global stocks and the euro dragged on appetite for crude.


  • A look at global economic developments (AP)

     AP - A look at economic developments and activity in major stock markets around the world Friday:

  • Debt-induced stress continues for many Americans (AP)

     

    Cynthia Bryant, 73, looks for a plant in a green house near her home  in Denver,  Friday, May 27, 2010.  Bryant, like many Americans, still feel stressed out by debt, despite the economic recovery. The economy is growing again and producing jobs, a big turnaround from a year ago, when the economy was shrinking and employers were slashing their work forces to survive the worst recession since the 1930s. (AP Photo/Ed Andrieski)

    AP - The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.


  • Ryanair back in profit for full year (AP)

     AP - Budget airline Ryanair said Tuesday that it earned a full-year profit of euro305.3 million ($375.7 million), reversing a loss a year earlier when it took a massive write-off from its failed attempt to take over rival carrier Aer Lingus.

Yahoo! News: Business News Tue, 01 Jun 2010 08:49:37 GMT


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