Business Day

Friday, May 28, 2010 Last Update: 3:10 PM ET

Downgrade of Spain Pushes Markets Lower

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

Honda Strike Becomes a Rallying Point in China

The strike at a parts factory has put the spotlight on labor unrest and income inequality, with local media reporting on the workers’ demands and urging government action.

U.S. Consumer Spending Stagnant in April

The flat reading raised concerns about a possible slowing in the recovery from the recession.

Prudential Aims to Reduce Its Offer for A.I.G. Asian Unit

The British insurance giant said it was talking to American International Group about lowering its offer in order t0 secure shareholder support next month.

DealBook

Shell to Buy U.S. Shale Gas Assets

Royal Dutch Shell said that it had struck a deal to buy most of the assets of East Resources for $4.7 billion in cash, moving into the growth sector of natural gas contained in shale deposits.

Oil Flow Is Stemmed, but Could Resume, Official Says

The “top kill” technique has stopped the flow of oil in the gulf, the admiral in charge of the U.S. effort said, but the challenge would be to sustain it.

Adviser to Stars Named in Fraud

Kenneth I. Starr was accused of diverting money from his A-list clients to purchase a lavish Manhattan apartment.

Safety Rules Can’t Keep Up With Biotech Industry

Biotechnology labs are filled with imponderable hazards yet are subjected to fewer regulations than most factories.

Ford Is Hoping to Give the Once-Great Explorer a Second Life

Ford is hoping that substantially improved fuel mileage will cause buyers to consider an S.U.V.

Insight & Analysis

Your Money

The Subprime Crisis of Student Debt

Is it really worth $100,000 in debt to graduate from a top school? And is it responsible?

Video: Explaining Europe's Debt Crisis

As fear continues to spread over the impact of the Greek debt crisis, more people are questioning how such a small country could impact markets around the world.

DealBook

Mariner and Javelin: Two Deals on the Brink

The Deal Professor examines how two deals, the acquisitions of Mariner Energy and Javelin Pharmaceuticals, appear to be falling apart -- and whether they can fully break up.

News Analysis

As Extravagance Goes Out of Style, a Focus on Bottom Line

The era of the star designer picked to create buzz and shake up the system in a venerable house is well and truly over.

Bucks Blog

Reckoning for a Financial Planner's Fraud

What's the moral when your former adviser is sentenced to eight years in prison?

Economix Blog

Job Searches Around the Country, Part II

Comparing states' unemployment rates with how long their jobless have to search for work.

Wealth Matters

Teaching the Value of Work to Children of Wealth

In a tight job market, affluent parents worry as much about how to teach their children the value of work and money as they do short-term swings in their portfolios.

Patient Money

Losing the Lice Without Losing Your Wallet

Parents sometimes spend hundreds of dollars to treat their children for head lice, but there are some cost-effective remedies to consider first.

News Videos From CNBC
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Fitch Cuts Spain's Ratings to AA+
May 28 1:06 PM EST
NYSE Midday Hit
May 28 1:05 PM EST

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