Several brokerages stop taking Facebook IPO orders
NEW YORK - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.
Iran nuclear output seen steady before Baghdad talks
VIENNA - Iran is installing more centrifuges in an underground plant but does not yet appear to be using them to expand higher-grade uranium enrichment that could take it closer to producing atom bomb material, Western diplomats say.
Boehner, Obama clash over debt limit increase
WASHINGTON - Democrats and Republicans are on another collision course over increasing borrowing authority as President Barack Obama told Republicans that he does not want spending cuts to accompany such legislation. Full Article
In Ohio, fracking a delicate issue for Obama
STEUBENVILLE, Ohio - The Obama administration has walked a fine line in trying to regulate the fracking industry without stifling badly needed jobs or a supply of domestic energy. It is a particularly delicate issue in Ohio, where residents hope fracking could dramatically boost the area's fortunes. Full Article
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ECB stops operations with some Greek banks
BERLIN/FRANKFURT - The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said. Full Article
Argentines jump through hoops to get dollars
BUENOS AIRES - Argentina's quest to keep dollars in the country is spawning illegal money trades inside offices and even schools. But big companies have fewer ways to skirt currency controls and must adapt to the country's offbeat, changeable rules. Full Article
Hope for brain-damaged troops, athletes
NEW YORK - Mild and moderate brain injuries often do not show up brain scans, but a new study documents exactly what this "invisible injury" - at least the kind caused by blast waves or repeated physical impacts - does to the brain. Full Article
JPMorgan investment unit played by risky rules
LONDON/FRANKFURT - The JPMorgan unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation. Full Article
Foreclosed Americans return to homeownership
NEW YORK - A small but growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into short sales that cost their banks money. Full Article
Chile education march ends in violence
May 16 - Chilean students clash with police as they continue their demands for education reforms. Rough Cut (no reporter narration).
Latest Headlines
Nigeria's oil thieves
Nigeria is Africa's largest crude oil exporter but its production capacity has been slashed by thieves drilling into pipelines passing through winding creeks and waterways in the vast delta.
Facebook’s passive-aggressive friendship
While Facebook is very successful, the question is: at what? It needs to be good as an advertising medium to be worth anything to the institutions falling all over themselves to get in on the ground floor of its stock. Full Article
For Washington, JPMorgan's big failure can be an opportunity
While all the details around JPMorgan’s failed trading strategy emerge, there is an even more interesting backdrop to consider – whether JPMorgan Chase and other banks are still too big to fail. Commentary
Can we retain privacy in the era of Big Data?
Today online anonymity is essentially non-existent. Our society is collectively creating, storing and communicating information at nearly exponential rates of growth. Commentary
Bad ideas spawn Lesser Depression
When Lehman failed, there were good reasons to think the pain would be brief and concentrated. Almost four years on, the rich world has not fully recovered. Policymakers are following flawed expert advice. A rethink on both unemployment and debt is urgently needed. Commentary
Building a new future for Turkey
Recent developments in Syria and Iran have highlighted the importance of one of the U.S.’s most enduring relationships: its alliance with Turkey. The two countries have an historic chance to forge a genuinely new partnership and work together in the Middle East, Madeleine K. Albright and Stephen J. Hadley write. Commentary
Student debt could hobble the economy
Default rates on student loans are both high and hard to measure, and there are reasons to fear that the growing mountain of student debt could have every bit as profound an impact on our economy as the housing bubble did. Commentary
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Breakingviews: Dimon shines on
Jeffrey Goldfarb talks to Antony Currie about the mild shareholder rebuke of the JPMorgan boss at the bank’s annual meeting. Video
Pro-Republican group plans $25 million anti-Obama ad blitz
Crossroads GPS, a pro-Republican political group, is planning to spend $25 million in the next month on its largest ad assault against President Barack Obama yet this campaign season. Full Article
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