Europe hits Wall Street, Oracle rallies late

NEW YORK (Reuters) - The Nasdaq advanced on Monday, propelled by a rally in Apple and other big-cap tech stocks, but fears Europe's debt crisis is in danger of worsening limited broader gains.


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Microsoft tackles iPad with Surface tablet

LOS ANGELES (Reuters) - Microsoft Corp introduced its own line of tablet computers on Monday at a much-hyped press event in Los Angeles, marking a major strategic shift for the software giant as it struggles to compete with Apple Inc and re-invent its aging Windows franchise.


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Relieved Europe hints at more time for Greece

BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.


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Analysis: Regulator seen conflicted in Nasdaq's Facebook mess

NEW YORK (Reuters) - It is not every day that a company bungles something so badly that it has to turn to a regulator for help to clean up its mess. But that is what the Nasdaq stock market has done with the Financial Industry Regulatory Authority following its blunders in Facebook's $16 billion initial public offering.


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Goldman paid bulk of Rajat Gupta's legal fees: NYT

(Reuters) - Goldman Sachs has paid for the bulk of former board member Rajat Gupta's legal defense in an insider trading case that ended in his conviction, the New York Times reported, citing two people with direct knowledge of the matter.


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Europe vows closer union at G20 summit

LOS CABOS, Mexico (Reuters) - Under pressure from financial markets and anxious world leaders, Europe agreed on Monday to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.


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Analysis: Investors cling to cash to guard against euro fallout

(Reuters) - Cash isn't just king. For some money managers, it has become jack, queen and ace, too.


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Asian stocks slip as euro debt crisis fears fix on Spain

SINGAPORE (Reuters) - Asian shares edged down on Tuesday as rising Spanish bond yields stoked fears its tottering banking system is dragging Madrid deeper into crisis, snuffing out a relief rally that followed a win for mainstream parties in Greece's weekend election.


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U.S. watchdog puts credit card complaints online

WASHINGTON (Reuters) - The new U.S. consumer watchdog agency is launching a website on Tuesday where the public will be able to view complaints made by credit card customers against specific banks and other lenders.


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Stanford Financial exec to plead guilty: report

(Reuters) - Laura Pendergest-Holt, former chief investment officer for Allen Stanford, has agreed to plead guilty and receive a three-year prison sentence for her role in a $7 billion fraud, Bloomberg reported, citing three people familiar with the matter.


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