Indonesia Urges Greece to Remain in the Euro

Indonesian Vice President Boediono urged that Greece remain in the euro zone as worries about Europe spread. But he said he expects China to act soon to stimulate its own weakening economy, which could help up shore up growth in Asia.

Low Arabica Prices Threaten Next Harvest

A steep drop in arabica coffee futures this year is souring prospects for the next harvest of some of the world's most coveted beans.

BP Investigated on Leak Estimates

Federal investigators are exploring whether BP lied to Congress about how much oil was leaking after the Deepwater Horizon accident, which could lead to more charges against additional current and former employees.

'Men in Black 3' Rakes In $70 Million Over Weekend

The third installment of 'Men in Black' topped the holiday-weekend box office with an estimated take of $70 million.

Renesas Disputes Reports

Japan's Renesas Electronics said it will outsource more chip production to Taiwan Semiconductor Manufacturing but called media reports of a drastic restructuring "sensational."

Carlyle-Led Group Shelves Plan to Sell Stake in Taiwan Bank

A Carlyle Group-led consortium shelved its plan to sell a controlling stake in Taiwan's Ta Chong Bank because offers from two potential buyers didn't meet expectations, casting doubt on other pending private-equity exits in the island's banking industry.

Facebook Flop Puts Banker on the Spot

Michael Grimes has helped keep Morgan Stanley near the top of the IPO heap. Now, the investment banker is getting a chunk of the blame for Facebook's post-IPO performance.

Spain Bails Out Its Third-Largest Bank

Spain will pump $24 billion into troubled lender Bankia, effectively nationalizing the country's third-largest bank in a dramatic effort to assuage concerns about the stability of its financial sector.

J.P. Morgan Plans Risk-Panel Shift

The board of J.P. Morgan Chase & Co. is expected to shake up its risk-policy committee in the wake of more than $2 billion in trading losses.

Facebook Flop Puts Banker on the Spot

Michael Grimes has helped keep Morgan Stanley near the top of the IPO heap. Now, the investment banker is getting a chunk of the blame for Facebook's post-IPO performance.

Swiss Look at Capital Controls

Switzerland may introduce capital controls to fight a sharp rise in the Swiss franc in the event of a euro-zone collapse.

Renesas to Cut Up to 14,000 Jobs

Japanese chip maker Renesas plans to cut about 30% of its workforce and sell a plant as the company struggles to turn around its business.

Chip Maker Renesas to Cut Up to 14,000 Jobs

Japanese chip maker Renesas plans to cut about 30% of its workforce and sell a plant as the company struggles to turn around its business.

Spain Pours Billions Into Lender Bankia

Spain will pump $24 billion into troubled lender Bankia, effectively nationalizing the country's third-largest bank. Meanwhile, S&P downgraded it and four other Spanish banks.

Facebook Flop Puts Banker on the Spot

Michael Grimes has helped keep Morgan Stanley near the top of the IPO heap. Now, the investment banker is getting a chunk of the blame for Facebook's post-IPO performance.

J.P. Morgan Plans Risk-Panel Shift

The board of J.P. Morgan Chase & Co. is expected to shake up its risk-policy committee in the wake of more than $2 billion in trading losses.

Indian Ministerial Panel to Decide Bandwidth Auction Price

India's Telecom Commission decided to let a ministerial panel make a decision on the base price for a bandwidth auction for basic mobile-phone services.

Sumitomo Unit Faces Fine Over Alleged Inside Trade

Japan's securities regulator is expected to propose next week a fine against a unit of Sumitomo Mitsui Trust Holdings for alleged insider trading.

Asia's Richest Man Details Succession Plan

Li Ka-shing, Asia's richest man, laid out his succession plans, putting his older son at the helm of his business empire and promising his younger son funding to embark on new investments.

Dow Closes in the Red

Stocks fell ahead of the long holiday weekend as reports of weakness in Spain underlined anxiety about the euro zone, outweighing a better-than-expected reading on U.S. consumer confidence.