National Business News
Stocks fall on Wall Street as Spanish bank teeters
Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.
National Business News
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NATIONAL BUSINESS NEWS
Spain's Bankia asks for $24B in state aid
Spain's troubled bank, Bankia, asked the Spanish government for (EURO)19 billion ($23.8 billion) in financial support on Friday, the day that a leading credit rating agency downgraded it to junk status.
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NATIONAL BUSINESS NEWS
More travelers to hit the road this Memorial Day
More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.
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NATIONAL BUSINESS NEWS
News Summary: Beef, chicken, pork prices climbing
MORE GAINS: Meat prices are expected to rise faster than overall food costs in 2012. Prices rose in the spring and may increase an additional 1 percent to 3 percent this summer.
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NATIONAL BUSINESS NEWS
Treasury yields dip as focus shifts to Spain
Yields on U.S. government bonds slipped Friday as traders turned their attention to Spain's debt troubles.
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NATIONAL BUSINESS NEWS
US consumer confidence highest in 4 1/2 years
A better hiring outlook and lower gas prices pushed U.S. consumer confidence to its highest level in four and a half years.
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NATIONAL BUSINESS NEWS
News Summary: Trouble at Spanish bank hits stocks
A LATE SWOON: News late Friday afternoon that Bankia, a crippled bank in Spain, is asking for $24 billion in support from the Spanish government stirred up new worries that Europe's debt contagion was spreading. The Dow Jones industrial average ended down 75 at 12,455.
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NATIONAL BUSINESS NEWS
Icahn spends $785M on Chesapeake Energy stake
Activist investor Carl Icahn is taking a stake in Chesapeake Energy Corp. and calling for at least four of company's directors to be replaced.
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NATIONAL BUSINESS NEWS
How the major stock indexes fared on Friday
Concerns about Europe pushed U.S. markets lower Friday but didn't erase all the gains from Monday and Thursday. The Dow Jones industrial average finished up for the week for the first time in May.
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NATIONAL BUSINESS NEWS
Wheat climbs as dry weather lingers over Kansas
Wheat prices rose 2.6 percent Friday as questions persisted about how much dry weather has affected the crop in Kansas.
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NATIONAL BUSINESS NEWS
News Summary: Wheat climbs as dry weather lingers
MAY'S WILD RIDE: Wheat rose 2.6 percent as questions persisted about how much dry weather has affected the crop in Kansas. In a matter of two weeks, the price has hit a high for the year and also nearly hit a 2012 low, largely because of weather issues.
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