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Industry news

Iceland Looks to Recovery
Thanks to a devalued currency, the country has turned its trade deficit into a surplus and smoothed its recovery. Read

Europe Weighs Exit Scenario
Europe has begun to prepare for a possible Greek exit from the euro zone ahead of elections next month that are fast becoming a referendum on the country's membership in the common currency. Read


Pricing the Cost of a Greek Euro Exit
As Greece girds for elections next month that could lead to its exit from the euro zone, economists are acknowledging an unsettling reality: No one knows what the cost of such a departure would be. Read

Fresh Worries Hit Spain
Jittery U.K. customers of one of Spain's biggest lenders pulled out funds on Friday, and bad debts held by Spanish banks rose to a 17-year high, underscoring the challenges facing the country's financial sector. Read

Japan Nonlife Insurers Hit by Thai Flood Payouts
Tokio Marine's fiscal-year profit plunged 92% while MS&AD Insurance Group and NKSJ Holdings both posted losses, hurt by about $6 billion in payouts related to flooding in Thailand that damaged Japanese manufacturing operations. Read

Facebook: Is 'You' a Good Investment?
Those who expect Facebook's shares to collapse quickly from here should realize that this isn't your garden-variety overvalued stock. Read

Should You Renounce Your U.S. Citizenship?
A Facebook billionaire has sparked interest in 'expatriating' to skirt big tax bills. Here's what you need to know. Read

The Sweet Spots in Stocks and Bonds
Both the safest and the riskiest assets are overbought. We hunt for the best deals in the middle. Read

How to Play the Euro Now
Investors should consider selling a basket of currencies that will profit if Greece does leave the euro zone, but also limit the downside if Europe muddles through. Read

Preparing for the End of the Bush Tax Cuts
Unless Congress acts, most taxpayers will see rate and other increases. Here's what to expect. Read

Websites for Finance Novices
As with much on the Internet, the tools range from cutting-edge to useless. Here's a guide. Read

For Gupta Trial, Tension and Tips
Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship broke down much later. Read

MF Global Trustee Collects $168 Million
J.P. Morgan agreed to hand over $168 million to a bankruptcy trustee representing customers of MF Global. Read

Orange Juice Feels Supply-Demand Squeeze
Orange-juice futures dropped below $1 a pound in intraday trading for the first time in 2½ years. Read

CFTC OK's Expanded CME Trading Hours
The expansion to a 21-hour trading day applies to CME's futures contracts for corn, wheat and soybeans, as well as wheat futures traded at the Kansas City Board of Trade and Minneapolis Grain Exchange. Read

Crude Skids for Sixth Straight Day
Oil futures slid for the sixth session in a row, settling at their lowest level in nearly seven months and setting yet another new low for the year. Read

Gold Rises for Second Day
Gold futures climbed for a second day, erasing this week's losses as investors continued to close out bets on lower prices following the 10-month lows hit earlier this week. Read

Natural-Gas Prices Rally 5.7%
Natural-gas prices jumped 5.7%, settling at their highest level in five months. Forecasts of warmer-than-normal temperatures are expected to heat up demand for the fuel. Read

Dow Swoons for Sixth Day
A day billed as Facebook's coming-out party ended up marking a much gloomier event: the stock market's worst week in six months. Read

Winnebago Gets Offer
Winnebago Industries received a $322 million takeover offer from a private-equity firm that wants to bring foreign car and truck assembly to the recreational vehicles maker. Read

Industry news provided by WSJ Online.

News

Wall Street Week Ahead: Market is oversold, but major signs say "sell"
Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six ... Read

Apple, Samsung CEOs set for U.S. court talks
The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco ... Read

Euro zone row gets fat pay rise for German workers
A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances ... Read

Facebook shares could fall below IPO price: Barron's
Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on ... Read

U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker ... Read

News provided by Yahoo! Finance.