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Spain’s lender Bankia says it won’t need more aid

May 27, 2012 • BusinessComments Off

Bankia’s president, Jose Ignacio Goirigolzarri, speaks during a press conference at the bank’s headquarters in Madrid, Saturday, May 26, 2012. Spain’s troubled bank, Bankia, has asked the Spanish government for 19 billion euro ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status. The...

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Michigan open for fireworks; hundreds get permits

May 27, 2012 • BusinessComments Off

Obama-Mania fireworks are shown at Southgate Fireworks in Southgate, Mich., Thursday, May 24, 2012. More than 400 permits have been issued to people who want to sell fireworks that had been banned for years in the state. Bottle rockets, aerial cakes,...

Embittered Facebook investors ponder next move

May 27, 2012 • BusinessComments Off

FILE – In this May 21, 2012 file photo, television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York’s Times Square. To say that Facebook’s debut as a public company was bungled is something like saying...

FACT CHECK: Obama off on thrifty spending claim

May 27, 2012 • BusinessComments Off

President Barack Obama speaks at a campaign grassroots event at the Iowa state fairgrounds, in Des Moines, Iowa, Thursday, May 24, 2012. (AP Photo/Nati Harnik) WASHINGTON (AP) — The White House is aggressively pushing the idea that, contrary to widespread...

For something so simple, pasta is serious business

May 27, 2012 • BusinessComments Off

A group of women taste pasta in a hotel conference room in Rome, Friday, May 18, 2012. Pasta sales worldwide have grown steadily over the past three years. Pasta is serious business in Italy, and a recent blind taste test organized by the world’s...

IMF chief Lagarde: Little sympathy for Greece

May 27, 2012 • BusinessComments Off

A European Union flag flies outside the Stock Exchange in Athens on Friday, May 25, 2012. Uncertainty over Greece’s future in the eurozone has hammered markets ahead of June 17 general elections in the crisis-hit country. The Greek share index touched...

Bud weakens to tropical storm off Mexico’s coast

May 26, 2012 • BusinessComments Off

A woman pushes her dog in a baby stroller along the beach in the resort city of Puerto Vallarta, Mexico, Friday, May 25, 2012. Hurricane Bud lost a little of its sting early Friday, but remained a potent Category 2 storm as it headed toward a string of...

NRC chief: Progress being made at Mich. nuke plant

May 26, 2012 • BusinessComments Off

Outgoing Nuclear Regulatory Commission Chairman Gregory Jaczko speaks at a news conference Friday, May 25, 2012 in South Haven, Mich. The Palisades nuclear plant in southwestern Michigan is making progress on fixing its myriad of problems but still has many...

Is China poor? Key question at climate talks

May 26, 2012 • BusinessComments Off

FILE- Smoke billows from a chimney of a heating plant as the sun sets in Beijing in this file photo dated Monday, Feb. 13, 2012. U.N. climate talks being held in Bonn, Germany, are in gridlock Thursday May 24, 2012, as a rift between rich and poor countries...

Spain’s Bankia asks for $24B in state aid

May 26, 2012 • BusinessComments Off

A woman uses an ATM cash point machine at a branch of the Bankia bank in Madrid Thursday May 17, 2012. A recently nationalized Spanish bank’s shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country...