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Far East buyers beware in London property rush

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LONDON (Reuters) - When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train.
 

Nasdaq stocks posting largest percentage increases

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A look at the 10 biggest percentage gainers on Nasdaq at 1 p.m.:
 

Lawmakers push foreclosure relief for military

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WASHINGTON (Reuters) - The House of Representatives on Friday voted to further insulate some service members from home foreclosures and extend borrower protections to disabled veterans and surviving military spouses.
 

China Home Prices to Fall Another 15%; Wait to Buy Stocks

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China's home prices recorded their eighth consecutive monthly fall in April, with one expert expecting up to 15 percent more downside in the near-term, putting property stocks under pressure.
 

China Home Prices to Fall Another 15% in Two Years: Barclays

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China's home prices recorded their seventh consecutive monthly fall in April, with one expert expecting up to 15 percent more downside in the near-term, putting property stocks under pressure.
 
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Yahoo Stock Quote

 
 ^IXIC^GSPC^FTSE
Date 5/18/20125/18/20125/21/2012
Time 5:30pm ET4:33pm ET3:50am ET
Trade 2,778.791,295.225,289.44
Change 0.00-9.64-48.94
% Chg 0.00%-0.74%-0.92%
Open 0.001,305.055,267.62
High 0.001,312.245,292.40
Low 0.001,291.985,253.92
Volume 0975,332,2240
Intraday 
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Suicide bomber targets soldiers in Sanaa, several killed

DUBAI (Reuters) - A suicide bomber targeted soldiers practicing for a military parade in the Yemeni capital Sanaa on Monday, killing several people, a police source said.
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Inmates riot in Mississippi prison, one guard killed

(Reuters) - Inmates seized control of a privately owned prison in Mississippi on Sunday after riots broke out and a guard was killed in the low security facility, authorities said.
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DaVita to buy Healthcare Partners for about $4.4 billion

(Reuters) - DaVita Inc , the biggest U.S. operator of dialysis clinics, said it agreed to acquire HealthCare Partners for about $4.42 billion in a cash and stock deal.
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NBA: It's now or never for frustrated Lakers - Los Angeles Daily News


USA TODAY

NBA: It's now or never for frustrated Lakers
Los Angeles Daily News
By Elliott Teaford, Staff Writer What if Pau Gasol had taken a jump shot instead of trying to force a cross-court pass to...
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Cannes Diary, Day Five - Awards Daily


CBS News

Cannes Diary, Day Five
Awards Daily
A bona fide rainstorm blew through Cannes last night. Wind, cold, rain — nothing like the last two years I've attended, where the sun glitters on the Medi...
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JPMorgan Chase loss only going to get worse

One thing seems clear about JPMorgan Chase's $2 billion loss. It's no longer $2 billion. It's likely much higher.
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Ex-Goldman director set for insider trading trial

Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.
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U.S. stocks: Worst week of the year

Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy ...
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Business Backs Income Tax Rate of 30%

The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the na...
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UPDATE 1-Kabel Deutschland to buy Tele Columbus for $786 mln

FRANKFURT, May 21 (Reuters) - German cable company Kabel Deutschland has agreed to buy regional player Tele Columbus for about 618 million euros ($786.2 million), snatching one of the last large...
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European Shares Hit 5-Month Low on Greece Jitters

European shares hit a fresh five-month low on Monday after losing more than 5 percent last week as investors remained jittery about the ability of Greece and Spain to deal with their debt problems and...
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The Scoup on IPOs

Cramer explains the little-known mechanics of these popular deals.
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Discord at Key JPMorgan Unit Is Faulted in Loss

Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
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Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates  improved marginally from yesterday's new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of a...

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US Bond Yields Hover Near Lows on Euro Zone Worries

U.S. Treasury yields inched higher on Friday, but were still near their lowest levels since September on fears that Greece could leave the euro zone and after Moody's cut the credit ratings of a large...
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Thai Growth Surges, Economy Bouncing Back From Floods

Thailand's economy expanded a robust 11.0 percent in the first quarter from the previous three months, rebounding from last year's severe flooding, and strong full-year growth is expected due to a jum...
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Far East buyers beware in London property rush

LONDON (Reuters) - When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer s...
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Money In Motion, May 18, 2012

A detailed look at currency trading, with CNBC's Brian Sullivan and the Money In Motion traders.
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Hedge Fund Elite: What Our 'Best Ideas' Are Now

Once a year, top hedge fund managers get together at a charitable event and share their "best ideas" with hundreds of wealthy investors who pay thousands of dollars to rub shoulders with them.
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Data Freak: China's property stocks may shine amid slowdown

May 21 - China may loosen its grip on the key real estate industry to avoid a potential hard-landing.
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Pouch.com

If you’re looking for a purse that can keep up with your busy, non-stop life, the iPurse is the purse. Women are busier now than they’ve ever been before, pursuing more education, careers and bal...
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Take your fashion quotient to zenith with iPurse Pouch

The modern woman has needs that can only be met by modern and chic things. For instance, just imagine an active working woman carrying a big tote bag or a young lady hitting the bar sporting an old, c...

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