Concerned about euro exit, Greeks withdraw cash
ATHENS - Greeks are withdrawing euros afraid of the prospect of rapid devaluation if the country leaves the single currency. Greece's warring parties have refused to form a coalition, triggering elections that may strengthen opponents of an EU bailout. Full Article
Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money. | Video
JPMorgan CIO played by different, risky rules
LONDON/FRANKFURT - The JPMorgan unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation. Full Article
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Don't call him Mr. Merkel
BERLIN - Political spouses sometimes provide a spot of glamour. Then there is Joachim Sauer. As his wife stands in the global spotlight battling the euro-zone's economic crisis, Sauer is happy to remain unknown outside the world of theoretical chemistry. Full Article
Activist targets schools, backed by big bucks
After three tumultuous years at the head of the Washington D.C. public schools, Michelle Rhee has emerged as the leader of an unlikely coalition vowing to overhaul the nation’s public education system and forever break the hold of teachers unions on policy. Full Article
China approaches sea dispute with "small stick"
HONG KONG - After alarming neighbors with assertive behavior in the South China Sea, China has turned to "small stick" diplomacy, using lightly armed patrol boats rather than warships. But Beijing, anxious to show its strength, has still shown no sign of compromise. Full Article
Foreclosed Americans return to homeownership
NEW YORK - A small but growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into short sales that cost their banks money. Full Article
Iran nuclear concessions to test big power unity
LONDON/VIENNA - Facing an imminent toughening of sanctions, Iran is hinting at a readiness to give some ground in its long nuclear stand-off with world powers, but any flexibility could split their ranks and lead to protracted uncertainty about how to respond. Full Article
Regulators question clout of major record labels
WASHINGTON - Regulators may not be fazed by Universal’s bid to buy a big chunk of EMI. The major recording companies are worn down by big retailers and piracy, and it's not clear that having one company control 40 percent of the industry would harm competition. Full Article
Jobs boost for Britain's beleaguered economy
May 16 - Chris Grayling, the UK Employment Minister, tells Insider Britain's employment situation is moving in the right direction.
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Building a new future for Turkey
Recent developments in Syria and Iran have highlighted the importance of one of the U.S.’s most enduring relationships: its alliance with Turkey. The two countries have an historic chance to forge a genuinely new partnership and work together in the Middle East, Madeleine K. Albright and Stephen J. Hadley write. Commentary
Student debt could hobble the economy
Default rates on student loans are both high and hard to measure, and there are reasons to fear that the growing mountain of student debt could have every bit as profound an impact on our economy as the housing bubble did. Commentary
Press-dinner proceeds and cat-and-mouse China reporting
How much money raised by the White House Correspondents' Dinner actually goes to charity? And what are the special challenges of getting stories like Chen Guangcheng's out of China? Commentary
How to protect the euro from a Greek exit
The chances of Athens quitting the euro have shot up. Unless the rest of the euro zone is well prepared, the knock-on effect will be devastating. Fortunately, it’s not too difficult to construct a contingency plan. Commentary
The strange vogue in dumping U.S. citizenship
Michele Bachmann’s fling with Switzerland lasted just 53 days before she came running back to Uncle Sam. That was just before Facebook’s co-founder Eduardo Saverin called it all off with the U.S., possibly for tax reasons. Full Article
JP Morgan: When basis trades blow up
After announcing a $2 billion trading loss in what was described as a hedging strategy gone bad, JPMorgan CEO Jamie Dimon said he should have better tracked “trading losses — and newspapers.” It wasn’t a joke. Once positions become public, the market smells blood. Commentary
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Summers: JPMorgan loss proves banks need bigger capital cushion
JP Morgan’s $2 billion-plus trading loss signals that U.S. banks need larger safety buffers, capital requirements and levels of liquidity to avoid catastrophe, says former U.S. Treasury Secretary Larry Summers. Video
Obama walks fine line in bashing Romney, courting Wall Street
WASHINGTON - While trying to define Mitt Romney as a job-killer, the Obama campaign is also raising money from private equity executives on Wall Street - and hoping voters don't see that as hypocritical. Full Article
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