Ten Dead After Israel Intercepts Convoy

More than 10 activists were killed in a skirmish after Israeli forces intercepted a flotilla of aid bound for the Gaza Strip, in violence that risks inflaming tensions across the Middle East.

Prudential, AIG Race to Rescue Asia Deal

U.K. insurer Prudential continued talks to restructure its troubled purchase of AIG's Asian life-insurance unit, but the huge deal still hangs in the balance.

Spanish Banks in Merger Mode

Twelve of Spain's 45 savings banks have begun merger talks and a 13th has been rescued by the central bank. The pace of deal-making is only likely to increase.

Healthscope Gets New Bids

Healthscope said it received two new offers, valuing the company at $1.56 billion, as the battle for the Australian hospital company intensifies.

Trichet Hits Back at ECB Critics

ECB President Jean-Claude Trichet hit back at the bank's critics, saying its new program to buy government bonds doesn't represent any weakening of its policy or independence.

Reliance, CBS Eye India TV Venture

Reliance is in advanced talks with CBS to form a joint venture that would launch English and Hindi television channels in India.

Japan Manufacturing Rises

Japanese industrial output rose a seasonally adjusted 1.3% in April from a month earlier as demand from China prompted general machinery companies to produce more goods.

Greek Minister Defends Austerity Steps

Greece's finance minister said the country has no plans to restructure its giant public debt and has no need to adopt new austerity measures to meet its budget targets.

Lone IPO Faces Lackluster Climate

New Chinese stocks like Nobao Renewable Energy Holdings haven't attracted the uniformly strong investor interest in the U.S. that they once commanded.

OECD Economies Grow for Third Straight Quarter

The world's developed economies posted the first rise in gross domestic product on a year-to-year basis since the third quarter of 2008.

Europe's Steel Prices Set to Fall

Analysts are turning gloomy on the European steel industry, saying Europe's economic problems and a slowdown in buying will cut into demand and push down prices.

New Round of BA Strikes Start

British Airways' cabin-crew staff kicked off another five-day strike after talks between the airline and Unite union negotiators broke down Friday.