Facebook IPO Turns Off Small Investors

Facebook's IPO problems have left some small investors even more glum about the overall stock market.

Union Urges No Vote on Caterpillar Offer

Union leaders at a striking Caterpillar plant in Joliet, Ill., say they are urging workers to vote against a slightly revised contract offer from the construction and mining equipment maker.

BP to Resume Libya Operations

BP is to resume oil and gas exploration in Libya within months after lifting a force majeure, a company spokesman said Tuesday.

Jakarta Warns of Euro Model

Indonesian President Susilo Bambang Yudhoyono said the problems now unfolding in Europe should serve as a warning to Asian leaders not to go too far in integrating their regional economies.

Three Spanish Banks to Merge; Fourth to Sell Assets

Three small Spanish savings banks said they would merge and a large lender said it would sell part of its business, as local lenders scramble to shore up their finances.

Spain's Economy Shows Fresh Strain

Spain's economy showed fresh strain as retail sales fell at a record pace in April, showing the government's austerity program is strangling consumption and suggesting deepening recession.

Galleon Ex-Trader Testifies About Tip

Michael Cardillo said inside information about a 2008 asset sale by Procter & Gamble came from someone associated with the company, adding new evidence in the insider-trading trial of Rajat Gupta, who was on P&G's board at the time.

Kraft Craves China's Snacks Market

Kraft plans to unveil new products, broaden distribution channels and rev up marketing in China in a bid to capture more of the country's snacks market.

FedEx to Buy Brazilian Firm

FedEx agreed to buy Brazilian logistics and transport company Rapidão Cometa as it furthers its expansion into Latin America.

Networks Built on Milliseconds

Trading firms, angling for even a split-second advantage over rivals, are rushing to build chains of microwave dishes to provide higher-speed links between financial markets in Chicago and New York.

Shale-Gas Surge Holds Promise, Risk

The shale-gas boom ushered in by hydraulic fracturing could transform the world's energy supply but the industry must work to counter environmental concerns, the IEA said.

China Boosts Investment

Facing a significant slowdown in the world's second-largest economy, China has significantly accelerated approvals for new investment projects by companies and local governments.

FDA Warns of Fake Attention-Deficit Drug

The FDA warned about a fake version of Teva's attention-deficit drug Adderall.

Chinese Banks Shun EU Lenders

Some of China's biggest banks have cut off a handful of their European counterparts from borrowing and derivatives trading as they seek to reduce exposure to the euro-zone crisis.

Housing Market Crawls Back

Housing prices across the U.S. continued falling in March but not as sharply as earlier months, according to a report that offered the latest evidence of a real-estate market on the mend.

Bank of Nova Scotia Net Falls 10%

Fiscal second-quarter net profit at Canada's third-largest bank by assets fell almost 10%, hurt by the absence of acquisition-related gains recorded a year ago.

U.S. Plans to Arm Italy's Drones

The Obama administration plans to arm Italy's fleet of Reaper drone aircraft, a move that could open the door for sales of advanced hunter-killer drone technology to other allies.

Japan's Marubeni Sets Grain Deal

Marubeni agreed to buy U.S.-based Gavilon for $3.6 billion in a deal that would make the Japanese company one of the world's largest grain traders.

Repsol Cuts Dividend Ratio

Repsol YPF said it would cut its dividend payout ratio in its latest effort to conserve cash and persuade markets of its viability following the nationalization of its Argentine unit.

J.P. Morgan Targeted in Japan Probe

J.P. Morgan Chase faces a new regulatory headache, as Japan's securities watchdog probes a company employee for possibly leaking insider information.