NFL wins salary cap fight with Redskins, Cowboys
An arbitrator upheld the NFL's salary cap reductions on the Dallas Cowboys and Washington Redskins for this season and next.
Publ.Date : 2012-05-22T20:56:29Z
Senate panel votes to cut aid for Pakistan, Egypt
In a fresh warning to Pakistan, a Senate panel on Tuesday approved a foreign aid budget for next year that slashes U.S. assistance to Islamabad by more than half and threatens further reductions if it fails to open supply routes to NATO forces in Afghanistan.
Publ.Date : 2012-05-22T20:59:52Z
CBO warns of US falling off 'fiscal cliff'
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.
Publ.Date : 2012-05-22T21:07:27Z
SEC, FINRA to review Facebook issues, Nasdaq sued

(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
Publ.Date : 2012-05-22T21:13:12Z
Dell results disappoint Street, shares dive

SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech-spending weakens and consumer personal computer sales continue to shrink, hammering its shares. Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc's iPad, dived more than 9 percent in after hours trade. The world's No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting. ...
Publ.Date : 2012-05-22T21:04:37Z
Browns' Fujita says bounty charges "not true"

Cleveland Browns linebacker Scott Fujita (99) leaves a media interview following NFL football practice at the team's headquarters in Berea, Ohio Tuesday, May 22, 2012. (AP Photo/Mark Duncan)

Forced to fight for his name in a "public trial" against the NFL, Browns linebacker Scott Fujita vowed he did not participate in the New Orleans Saints' bounty program.
Publ.Date : 2012-05-22T21:01:18Z
Stocks end mixed after Greek worries resurface

In a photo made May 7, 2012, trader John Vaccarine, right, works on the floor of the New York Stock Exchange in New York. Wall Street was headed for a slightly lower open on Tuesday May 22, 2012, with Dow Jones industrial futures marginally down. (AP Photo/Richard Drew)

Just how nervous are investors about Greece? All it took to derail a day of stock market gains was a headline saying that Greece was preparing to leave the euro, an outcome most analysts had already expected.
Publ.Date : 2012-05-22T21:12:41Z

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