2012-05-23: NEW YORK (Reuters) - U.S. stocks closed mostly flat on Tuesday after volatilility late in the session, with weakness in materials and energy shares offsetting strength in financials. Shares traded higher for much of the session on the back of an unexpectedly strong read on existing home sales, which lifted banks. But those gains dissipated in the last half hour of trading, with Wall Street briefly turning solidly negative before staging a rebound. ...

2012-05-23: (Reuters) - As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge. Facebook decided to tell analysts to cut estimates due to feedback during the investor roadshow which revealed users were opting for mobile devices which generate less advertising revenue and after consulting with its adviser Morgan Stanley 'Facebook backed off and said, 'Hey get your models down. ...

2012-05-23: NEW YORK (Reuters) - As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public. Facebook and the Wall Street banks that underwrote its $16 billion initial public offering are facing questions about how and why stock analysts decided to cut their financial forecasts on the company ahead of the IPO. ...

2012-05-23: NEW YORK (Reuters) - Nasdaq OMX Group Inc admitted in a call with its member brokerage firms on Tuesday that it put the wrong fix for a technical glitch related to Facebook's IPO in place on Friday, which led to trading disruptions for much of the day. Nasdaq believed it had the correct solution to fix the problem that delayed trading in the stock for thirty minutes, Eric Noll, Nasdaq's head of transaction services, said in a statement to Reuters. ...

2012-05-23: Washington, May 23 (ANI): Facebook founder Mark Zuckerberg has pocketed 1.1 billion dollars after floating his company on the US stock market.

2012-05-22: REUTERS - Nasdaq OMX Group Inc has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc shares following its initial public offering, causing losses for investors. In addition, a different civil lawsuit was filed against Facebook, Mark Zuckerberg, IPO underwriters Morgan Stanley & Co and others alleging violations of securities laws. ...

2012-05-22: Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that the country was preparing to leave the euro, an outcome many analysts expect to happen eventually.

2012-05-22: GREECE AGAIN: All it took to derail a day of stock market gains was a headline saying that Greece was preparing to leave the euro. A 50-point gain in the Dow Jones industrial average quickly evaporated. A last-minute recovery left the Dow down just 1.67 points at 12,502.81.

2012-05-22: May 22 (Reuters) - Two top U.S. financial regulators said the issues aroundthe initial public offering of Facebook should be reviewed, putting freshpressure on the company, its embattled lead underwriter and the Nasdaq.

2012-05-22: In a story May 8 about energy producer Carrizo Oil & Gas Inc.'s first-quarter earnings, The Associated Press reported erroneously that the company's sales of natural gas soared. Sales of natural gas actually fell. The story also mischaracterized the company's expenses in the quarter. The story should have stated that total costs and expenses rose.

2012-05-22: Marlboro maker Altria Group Inc. said Tuesday that it has resolved a tax dispute with the IRS and is revising its full-year earnings forecast to reflect the agreement.

2012-05-22: U.S. Treasury prices are lower as investors become more comfortable shifting money back into the stock market.

2012-05-22: Shares of Urban Outfitters Inc. climbed on Tuesday thanks to its first-quarter earnings results, but some industry experts cautioned that the retailer still faces several challenges as it looks to improve its business.

2012-05-22: Medtronic's fourth-quarter earnings jumped 28 percent with revenue topping analyst expectations and a gain from a business sale boosting the medical device maker's bottom line.

2012-05-22: NEW YORK (Reuters) - Wall Street opened little changed on Tuesday as concerns about global growth weighed on investor sentiment, while shares of Facebook continued their post-IPO slide. The Dow Jones industrial average was up 8.70 points, or 0.07 percent, at 12,513.18. The Standard & Poor's 500 Index was up 4.94 points, or 0.38 percent, at 1,320.93. The Nasdaq Composite Index was up 9.29 points, or 0.33 percent, at 2,856.50. (Reporting By Edward Krudy, editing by Dave Zimmerman)

2012-05-22: LONDON (Reuters) - European shares extended gains in tandem with Wall Street indexes on Tuesday afternoon as better-than-expected U.S. macro data further supported sentiment. U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs about the pace of recovery in the world's largest economy. At 1414 GMT, the FTSEurofirst 300 index of top European shares was up 1.6 percent at 990.29 points. (Reporting By Francesco Canepa)

2012-05-22: JOHANNESBURG (Reuters) - Mediclinic International, South Africa's second-largest hospital group, posted a smaller-than-expected rise in full-year profit on Tuesday, hurt in part by higher costs at some of its Swiss operations. Mediclinic, which operates in South Africa, Switzerland and the United Arab Emirates, said diluted normalised headline earnings per share totalled 185.7 cents in the year to end-March, well below the average estimate of 215.3 cents in a poll of eight analysts by Thomson Reuters. Headline EPS, the primary profit gauge in South Africa, strips out certain one-time items. ...

2012-05-22: SINGAPORE, May 22 (Reuters) - Singapore Exchange Limited (SGX) said on Tuesday that it will launch the firstever offshore Indonesian equity futures contract in June. The contract will be based on the MSCI Indonesia index andis pitched at overseas investors looking for exposure to SouthEast Asia's biggest economy or to act as a hedge against theirexisting investments in the country. SGX has launched a string of equity derivative contracts inrecent years, including popular ones tracking Japan's Nikkei 225index and the Taiwanese stock market. ...

2012-05-22: Reuters Market Eye - Tata Power shares drop 4.4 percent ahead of its quarterly results later in the day as traders brace for negative numbers. The stock had surged 5 percent on Monday because of tariff hike hopes. Standard & Poor's warns in a report capital expenditure will remain 'significant' in the next few years, weakening the company's financials. S&P says Tata Power is acquiring land for captive and imported coal-based projects in its pipeline. ...

2012-05-22: LONDON (Reuters) - Glencore's bruised stock could get a boost after a lock-up on a large slice of employees' shares expires, in a welcome lift for the commodities trader as its $30 billion bid for miner Xstrata nears the final stages. The release on Thursday of 2.7 billion shares - a year after Glencore's record stock market debut - could mean a technical 'squeeze' on the stock, analysts said. The increase in shares available to be traded translates into a greater weighting in the FTSE 100 index , prompting index-tracking funds to buy more shares. ...

2012-05-22: Asian markets rose Tuesday following a strong performance on Wall Street and on hopes EU leaders will come to an agreement on dealing with the eurozone debt crisis at an upcoming summit.

2012-05-22: JOHANNESBURG (Reuters) - South African consumer goods firm Tiger Brands posted a modest rise in first-half earnings on Tuesday, helped by growth in its exports and international businesses as the domestic market remains subdued. The maker of bread, breakfast cereal and energy drinks said diluted headline earnings per share for the six months to end of March rose four percent to 766 cents. Headline earnings are the main profit gauge in South Africa and exclude certain one-off items. The company said revenue rose 12 percent to 11.6 billion rand. ...

2012-05-22: NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world. The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. ...

2012-05-21: Nordson Corp. reported late Monday that its fiscal second-quarter profit fell as revenue slipped 1 percent, and the earnings fell short of forecast, but the adhesive and coating maker issued more optimistic third-quarter guidance than analysts expected.

2012-05-21: Treasury prices eased Monday as investors become more comfortable shifting money back into the stock market.

2012-05-21: COMMENTARY | According to the Associated Press and CNN, Facebook's stock has not performed as hoped following its release. The stock began to slide shortly after its IPO release Friday, peaking briefly before falling below its $38 IPO price. Investors and the public are wondering what the weak stock market start means for the world's most popular social networking site, which was begun eight years ago in a Harvard dorm room by Mark Zuckerberg.

2012-05-21: The trial of the biggest suspect in a big US crackdown on Wall Street insider trading, former Goldman Sachs director Rajat Gupta, started Monday in New York.

2012-05-21: Health insurer Humana Inc. is lowering its 2012 earnings outlook to account for a $45 million charge for settling litigation related to a military health insurance program.

2012-05-21: NEW YORK (Reuters) - Stocks rebounded on Monday after their worst weekly decline of the year with signs that investors were quickly unloading Facebook shares following its broken IPO and redeploying capital elsewhere in the technology sector. Facebook Inc's shares fell sharply below their $38 issue price as underwriters' support of the initial public offering faded after its Friday debut. The stock dropped more than $5, or 13.7 percent, to hit a session low of $33.00 in early trading. By early afternoon, the stock had regained a little of that loss, but was still down 9 percent at $34.80. ...

2012-05-21: After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter.