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BULLETIN: Financial Fest 2012 will be November 17th at Scottsdale Plaza Resort! Details soon!

Economy

GM, Staples, Abercrombie & Fitch are market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: (...)

Europe woes keep markets on edge

LONDON (AP) — Concerns that Europe's debt crisis could drag down parts of the continent's banking system rattled most global markets Friday, though social network Facebook's imminent IPO buoyed sentiment on Wall Street. (...)

J.C. Penney's shares in free-fall after 1Q loss

NEW YORK (AP) — Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does. (...)

Facebook's $16 billion IPO one of world's largest

NEW YORK (AP) — Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money. (...)

Wal-Mart's 1Q profit up 10.1 percent

NEW YORK (AP) — Wal-Mart may have gotten its groove back, but an alleged bribery scheme threatens to curtail its progress. (...)

Stocks open lower as Europe overshadows jobs data

NEW YORK (AP) — Stocks slipped in early trading Thursday as unease over Europe overshadowed an encouraging report on unemployment claims and good results from big retailers including Wal-Mart Stores. (...)

Business Markets

Dow average heads for its 11th loss in 12 days

NEW YORK (AP) — The Dow Jones industrial average is heading for its 11th loss in 12 days after a pair of discouraging economic reports and as investors worried about Greece's possible exit from euro. (...)

Stocks slump again; 10-yr yield near all-time low

NEW YORK (AP) — Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low. (...)

Stocks fall on Europe, worrisome economic reports

NEW YORK (AP) — Stocks slipped Thursday after a couple of downbeat economic reports from the U.S. and unease over Europe overshadowed positive earnings from the largest American retailer and an encouraging jobs report. (...)

5 money tips from savvy financial moms

CHICAGO (AP) — Moms are on the front lines of doling out allowances and shaping their children's money habits. (...)

One shareholder's lonely pro-smoking battle

This time of year, shareholders bombard corporations with suggestions about executive pay, governance and other arcana. But once in a while, an idea comes along that truly stands out. (...)

Fitch: 29 biggest banks may have to raise $566B

WASHINGTON (AP) — Fitch Ratings said Thursday that the world's 29 biggest banks together may have to raise $566 billion by the end of 2018 to meet new international requirements for holding cushions against risk. (...)

Business News

Sports Headlines

At Preakness, Motion is the hunter, not the target

BALTIMORE (AP) — A year ago, Graham Motion was one of the most popular figures at Pimlico Race Course. (...)

Junior Seau's garage burglarized

OCEANSIDE, Calif. (AP) — A thief burglarized the garage of Junior Seau's home days after the former NFL star's suicide, police said Wednesday. (...)

Brees critical of Saints in radio interview

NEW ORLEANS (AP) — Drew Brees said in a radio interview Wednesday night that he is frustrated by what he views as a lack of communication with the New Orleans Saints in his ongoing contract negotiations, adding the club should have shown more urgency to get a long-term deal done. (...)

Selig: Oakland move might be considered

NEW YORK (AP) — Baseball Commissioner Bud Selig says it's up to Oakland owner Lew Wolff to decide whether to consider additional sites for a new ballpark for the Athletics, leaving open the possibility of a move outside the Bay Area. (...)

Correction: Dario's Struggles story

INDIANAPOLIS (AP) — In a story May 16 about Dario Franchitti's early-season struggles, The Associated Press erroneously reported the deficit between Franchitti and Will Power in the points standings. The deficit is 98 points. The story also said Franchitti had worn tires late in the 2011 Indianapolis 500; he says he ran out of fuel. (...)

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