Business Day

Friday, May 7, 2010 Last Update: 10:10 PM ET

Europeans Move to Head Off Spread of Crisis

Leaders from the euro-area countries approved a Greek rescue package and promised steps to stanch a debt crisis before markets open on Monday.

President Nicolas Sarkozy of France, speaking in Brussels, vowed to attack speculators.
Michel Euler/Associated Press

President Nicolas Sarkozy of France, speaking in Brussels, vowed to attack speculators.

Origin of Wall Street’s Plunge Is Still Unclear to Regulators

Officials from federal agencies hunted for clues amid a tangle of electronic trading records to find out what caused Thursday’s near panic on Wall Street.

The Trades of a Lifetime in 20 Minutes

By luck, savvy or lightning speed, there were gobs of money to be made from the bargains that came and went in an instant on Thursday.

Risk Seen for Europe’s Banks if Cuts Freeze Credit

Though most European banks have limited exposure to Greece, their vulnerability to larger European countries with debt problems is greater.

Volatile Week on Wall Street Ends With Another Slide

Brushing off a strong U.S. job report, traders focused on lingering questions about European debt and Thursday’s plunge. Market regulators said that they had not yet determined the cause of the decline.

Economy Gains Impetus as U.S. Adds 290,000 Jobs

Payrolls surged with an unexpectedly strong 290,000 jobs last month, but the unemployment rate rose to 9.9 percent.

2 at Faith-Based Bank Are Indicted Over Bribes

Douglas Ballard and Joseph Todd Foster were charged with bank fraud, and a developer, Guy Mitchell, is accused of using funds from the bank to buy an island in the Bahamas.

Goldman Chief Promises a Review of Bank’s Practices

At a relatively friendly meeting with Goldman shareholders, Lloyd Blankfein struck a conciliatory but firm tone.

As Kyoto Attractions, Wave Pools vs. Temples

Many fear that Kyoto’s delicate temples and gardens have been overwhelmed by modern-day concrete boxes, and plans for more new construction are raising alarm.

Insight & Analysis

Your Money

The New Money Rules for Recent Graduates

While you were in class, some laws and regulations were approved that may change your (financial) life.

Weekend Business

Jeff Sommer with Gretchen Morgenson on market uncertainty, Fannie Mae and Freddie Mac; Tim O’Brien and Natasha Singer on Teva Pharmaceuticals; Paul Lim on corporate earnings; and David Segal on airline refunds.

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Wealth Matters

Protecting Your Home, Part 2, or, What Readers Think

Pessimists, technologists and pragmatists sound off about security alarm systems. Choose your category.

Patient Money

Acupuncture Is Popular, but You’ll Need to Pay

A growing number of people are turning to acupuncture for help with conditions including infertility, chronic pain, depression and menopause symptoms.

Shortcuts

Seeking Lower Property Taxes on a House of Sinking Value

Job losses and pay cuts have combined with falling home values to prompt more homeowners to appeal their property taxes.

Off the Charts

In Construction, Home Building Alone Struggles to Its Feet

The Commerce Department said residential construction spending rose at an annual rate of 1.6 percent in the first quarter, but nonresidential construction fell 17.4 percent.

Economix Blog

Starving the Beast

On whether cutting taxes is likely to force legislators to cut government spending as well.

News Videos From CNBC
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May 7 7:52 PM EST
Market Optimism?
May 7 7:42 PM EST
Europe's Economic Vital Signs
May 7 7:32 PM EST
Market Wrap-Up
May 7 7:29 PM EST
What's an Investor to Do?
May 7 7:22 PM EST
Markets in Turmoil
May 7 7:10 PM EST

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