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World business news - CNNMoney.com

SCRAMBLE TO SAVE GREECE
Wed, 16 May 2012 13:56:27 EDT
Leaders across Europe rushed to try to reassure nervous investors Wednesday that they were working to prevent Greece from an unprecedented exit from the eurozone and the damage that might cause for other troubled European economies.
European stocks slide as crisis deepens
Thu, 17 May 2012 04:56:01 EDT
Greece's interim Cabinet sworn in - CNN
Thu, 17 May 2012 05:59:49 EDT
Greece will hold new elections on June 17, state media reported Wednesday. A caretaker administration led by a senior judge will run the country in the meantime.
High stakes: Preparing for 'Grexit'
Thu, 17 May 2012 04:56:15 EDT
Europe's leaders may soon learn that lesson the hard way if they continue to dodge the question on everyone's lips: What to do if Greece is pushed out of the eurozone?
Track U.S. stock futures and premarket movers
Thu, 17 May 2012 04:54:33 EDT
Facebook to set final IPO price Thursday
Thu, 17 May 2012 05:13:55 EDT
Facebook's long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.
What comes after the panic in Greece
Wed, 16 May 2012 12:50:32 EDT
Is Greece the Lehman of 2012? -The Buzz
Wed, 16 May 2012 14:04:36 EDT
With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try.
Outgoing World Bank chief: Fix eurozone
Wed, 16 May 2012 14:52:59 EDT
Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves.
Greece worries weigh on U.S. stocks
Wed, 16 May 2012 16:51:40 EDT
Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
Facebook to sell 25% more shares
Wed, 16 May 2012 09:26:23 EDT
Facebook announced Wednesday that 25% more shares of the company will be sold in its planned initial public offering later this week.
Should you buy Facebook?
Wed, 16 May 2012 14:09:38 EDT
Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website.
World's largest economies
Wed, 25 Apr 2012 13:18:15 EDT
The future of global shipping
Wed, 16 May 2012 07:53:15 EDT
In aerospace wars, don't count Russia out yet
Tue, 15 May 2012 17:07:24 EDT
The tragic crash of the Russian superjet means Boeing and Airbus still control the skies -- but not for long.
Kodak had weapons-grade uranium - CNN
Wed, 16 May 2012 12:49:52 EDT
Kodak -- known for its cameras and film -- this week confirmed it used weapons-grade uranium in an underground lab in upstate New York for upwards of 30 years.
Who loves us, baby? China still does
Tue, 15 May 2012 15:20:03 EDT
The United States may be hurtling towards a fiscal cliff at the end of the year. But if the U.S. is Thelma then China is Louise.
Hollande pushes for growth with Merkel - CNN
Wed, 16 May 2012 10:19:14 EDT
François Hollande, France's first Socialist president since François Mitterrand left office in 1995, promised a new approach to tackling the financial woes plaguing Europe.
GM to stop advertising on Facebook
Tue, 15 May 2012 19:21:20 EDT
General Motors said Tuesday that it will stop paid advertising on Facebook.
Buffett discloses new stake in GM, Viacom
Wed, 16 May 2012 12:55:13 EDT
Warren Buffett's Berkshire Hathaway built new positions in General Motors and Viacom during the first three months of 2012.

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 Word of the day 

Merriam-Webster's Word of the Day for May 17, 2012 is:

maffick • \MAF-ik\  • verb
: to celebrate with boisterous rejoicing and hilarious behavior

Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.

"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011

Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.

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