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2012-05-08
Embattled Yahoo CEO Scott Thompson told company employees late Monday that he is sorry for the distraction his resume padding scandal has caused without commenting on what role his own actions might have played in creating the drama.

2012-05-08
A shareholder seeking the dismissal of Yahoo's chief executive has demanded the search firm allow access to documents relating to his recruitment.

2012-05-08
Spain is planning a state bail-out of Bankia, the country's third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into the troubled lender.

2012-05-07
The euro fell against the dollar and the pound on Monday following weekend election results.

2012-05-05
Yahoo Inc.'s response to the revelation that CEO Scott Thompson misrepresented his educational background failed to satisfy the major investor who raised the issue and on Friday a second investor called for Thompson's ouster.

2012-05-04
For the second straight year, an annual Gallup poll has found that a plurality of Americans believe gold is the single safest long term investment option. Safer than savings accounts. Safer than real estate. Safer than stocks.

2012-05-04
Syrias economy is collapsing. Deposits fell by an average of 35 percent in 2011 at Bank of Syria and Overseas SA, Bank Audi Syria and Banque Bemo Saudi Fransi, according to April filings to the Damascus Securities Exchange.

2012-05-04
Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (52bn-59bn).

2012-05-04
The proxy fight between Yahoo and activist shareholder firm Third Point just got extra nasty.

2012-05-04
Dubai's bourse fell for a sixth straight session yesterday as investors continued to book profits from an early-year surge, while other Gulf bourses were mixed in muted activity.

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