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Gas-Rich States Lose Fracking Lottery

By Joan Gralla May 14 (Reuters) - While Pennsylvania, northwestern Louisiana and gas-rich areas around the Gulf of Mexico are losing jobs and revenue as...

S&P 500 Continues Fall

* Banks, natural resources shares lead declines * JPMorgan shares down, executive departs after huge loss * S&P 500 breaks support at 1,340 * Dow...

Wireless Startup Files For Bankruptcy

(Reuters) - LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates...

Tipster Says Facebook To Close IPO Books Ahead Of Schedule

By Olivia Oran (Reuters) - Facebook Inc will close the books on its mammoth $10.6 billion initial public offering Tuesday, according to a source familiar...

Facebook’s First Backers Feel The Love As IPO Approaches

(By Sarah McBride - Reuters) - For the handful of venture capitalists who backed Facebook (FB.O) in its early days, a huge financial payoff is...

Mexico Ramps Up Wind Power Potential

* Natural wind tunnel feeds electric grid * 26-storey turbines blossom across region By David Alire Garcia LA VENTOSA, Mexico, May 14 (Reuters) - On...

White House: JPMorgan Controversy Affirms Need For Wall Street Oversight

ABOARD AIR FORCE ONE, May 14 (Reuters) - JPMorgan's large trading losses affirm the need for Wall Street oversight, the White House said on Monday,...

Report: Ex-Best Buy CEO Had Inappropriate Relationship With Employee

May 14 (Reuters) - Best Buy Co Inc said that former Chief Executive Officer Brian Dunn violated company policy by engaging in an extremely close...

Pay No Attention To This Apple Rumor, Says TV Maker

FRANKFURT (Reuters) - Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from...

Greek Parties Hit Political Stalemate, Euro Exit Fears Grow

* President invites four parties to meeting at 1630 GMT * Radical left SYRIZA says won't attend unless all parties called * Markets slide; Spanish,...

Greece Nears ‘Moment Of Truth’ As Coalition Talks Fall Apart

* President to meet smaller parties from 1630 GMT * Talks with big parties hit impasse * Radical left seen gaining if new poll held...

Jerry Brown: California Needs Cuts ‘Far Greater’ Than Originally Expected

May 12 (Reuters) - California is facing a much deeper budget deficit than expected due to weak tax revenues and slow progress in cutting budgets,...