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AP Top Business News At 12:40 a.m. EDT
EU leaders support growth, give few concrete plans BRUSSELS (AP) -- European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it....
Asia stocks mixed as Europe holds another summit BANGKOK (AP) -- Asian stock markets struggled to make headway Thursday as the lack of a breakthrough in Europe's attempts to shake off its debt crisis kept sentiment gloomy....
Yahoo seeks to shake up search, Web browsing SAN FRANCISCO (AP) -- Joining the battle to redefine Internet search, Yahoo is taking aim with a new browser enhancement it calls "Axis."...
Facebook shares stabilizing, but probes mount NEW YORK (AP) -- Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading on Thursday....
Facebook, JPMorgan gaffs erode faith in Wall St. NEW YORK (AP) -- Wall Street appears bent on convincing Main Street that the game is rigged....
HP's missteps culminate in loss of 27,000 jobs SAN FRANCISCO (AP) -- Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer. The bungling will wipe out 27,000 jobs so HP can save enough money to lift its earnings and invest in the development of more profitable products and service....
New Zealand says 'zero' budget will bring surplus WELLINGTON, New Zealand (AP) -- New Zealand's government promises to tackle rising debt and return the country's books to the black in two years....
US reaches pollution agreement at BP Indiana plant WHITING, Ind. (AP) -- BP Products North America Inc. has agreed to install $400 million in new air pollution controls at its northwestern Indiana oil refinery and pay an $8 million fine under a deal announced Wednesday with the government and environmental groups....
2 panels to launch review of Facebook IPO WASHINGTON (AP) -- Two congressional panels are reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may have provided only select clients with a negative assessment of the company....
US sales of new homes rose 3.3 percent in April WASHINGTON (AP) -- Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover....
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