As the European Union sets financial and policy goals, the fate of Spain will be high on the list. (Reuters)
Facebook (NASDAQ: FB) shares fall almost 10% as its investment value hits more resistance. (Reuters)
Research In Motion (NASDAQ: RIMM) reports it will have a loss in the next quarter. (Reuters)
Apple (NASDAQ: AAPL) CEO Tim Cook says TV is a major area of interest for the company. (Reuters)
The global carbon emissions market reached $176 billion last year, according to the World Bank. (Reuters)
Olympus will cut 2,500 jobs and may form a strategic alliance with Sony (NYSE: SNE). (Reuters)
The European Central Bank will not fund Spain’s Bankia through its lending facilities. (WSJ)
A University of Pennsylvania’s Wharton School study shows that internal promotions are better for company performance than hiring people from the outside. (WSJ)
Spain’s retail sales fall at a record level in April. (WSJ)
Some Chinese banks will not allow certain European banks to borrow or trade derivatives. (WSJ)
India’s growth, which might help global GDP, slows. (WSJ)
Chinese officials say the nation has no plans for a huge stimulus. (Bloomberg)
Polls show more Greeks want candidates who favor bailouts. (Bloomberg)
Douglas A. McIntyre
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