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Wall Street Week Ahead: Correction talk gets old as rally sails along

NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.

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Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

NEW YORK - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.

18 May 2013

Switzerland close to deal in U.S. tax dispute: finance minister

ZURICH - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday.

18 May 2013

Kuwait replaces oil officials at KPC after $2.2 billion Dow payment

KUWAIT - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture.

2:30am EDT

LATAM Airlines to resume Argentina flights later Saturday

SANTIAGO - LATAM Airlines Group SA said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the carrier.

18 May 2013

Markets

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DOW 15,354.40 +121.18 +0.80%
S&P 500 1,667.47 +17.00 +1.03%
NASDAQ 3,498.97 +33.72 +0.97%
TR US Index 151.30 +1.53 +1.02%
EUR/USD 1.2840 +0.00%
GBP/USD 1.5166 +0.00%
USD/JPY 103.20 +0.00%
Gold 1,361.00 -22.20 -1.60%
Oil 96.02 +0.86 +0.90%
Corn 652.00 +11.25 +1.75%

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