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Business & Finance

• Resourcehouse Pulls IPO

  Australian billionaire Clive Palmer shelved his fourth attempt in two years to take mining company Resourcehouse public on Hong Kong's stock exchange, saying that worsening global market conditions blocked its plan to raise as much as $3.6 billion.

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  Nomura Cuts Cash Bonuses

  Japanese financial giant Nomura has cut the cash bonuses for its top executives and directors after a sharp fall in profits.

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  Job Market Loses Momentum

  Employers spooked by a sputtering economy hit the brakes on May hiring, postponing the upswing needed to put 14 million unemployed back to work.

  • Graduates Delay Job Search
  • Weak Jobs Report
  • Heard: Will Fed Act?

• MGM China Considers Macau, Taiwan Expansions

  MGM China is considering expanding on the Macau peninsula and in Taiwan, its chief executive said, the latest gambling company executive to outline an aggressive expansion strategy in Asia's booming casino market.

• Tracking Google's Hackers in China

  When Google singled out the Chinese city of Jinan as the source of a recent computer attack, it brought attention on a giant vocational school there with ties to the Chinese army.

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  Banks May Need More Capital

  Large U.S. financial institutions might be forced to sharply increase their capital cushions as part of a plan discussed by the Fed to help prevent another financial crisis.

  • MarketBeat: The Bank Capital Conundrum
  • Central Bank Watch

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  U.S. Probes Tech Patent Deals

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  OPEC to Consider Raising Output

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  Mazda May Quit Michigan Venture

• Sony Pictures Confirms Hacker Attack

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  Chrysler Could Skip an IPO

• Stocks Pare Losses