AP Top Business News Why that flat Facebook IPO isn't so bad after allMay 25, 20128:04 PM ET NEW YORK (AP) — 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?      Top CEO pay equals 3,489 years for typical workerMay 25, 201210:52 AM ET WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.   Is China poor? Key question at climate talksMay 25, 20128:15 PM ET BONN, Germany (AP) — Another round of U.N. climate talks closed without resolving how to share the burden of curbing man-made global warming, mainly because countries don't agree on who is rich and who is poor.  Greek euro exit would be a recipe for hardshipMay 25, 20128:12 PM ET ATHENS, Greece (AP) — 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.  Spain's Bankia asks for $24B in state aidMay 25, 20128:07 PM ET MADRID (AP) — Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status. 
|
|
|
|