Business Today: Wall Street falls on Europe, but late buying trims losses

Click to View in Browser 05/8/2012 Wall Street falls on Europe, but late buying trims losses NEW YORK (Reuters) - Stocks ended lower on Tuesday after political developments in Greece fanned concerns about Europe's fiscal health, but a late rally helped indexes cut losses to close well above lows. Disney profit rises on media, parks growth LOS ANGELES (Reuters) - Walt Disney Co's quarterly earnings rose as the company reported growth at its media networks such as sports powerhouse ESPN and its theme park business. Facebook changes IPO pitch in Boston, scraps video BOSTON (Reuters) - Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors. Exclusive: ConocoPhillips looking to exit Nigeria: sources LONDON/ABUJA, Nigeria (Reuters) - U.S. oil group ConocoPhillips has hired BNP Paribas to help sell its Nigerian assets, including on-shore, off-shore oil and gas fields and a stake in its LNG Brass facility, sources familiar with the situation told Reuters. Analysis: With Green Mountain, one analyst had it right NEW YORK (Reuters) - Long before David Einhorn raised red flags about Green Mountain, a little-known analyst from a St. Louis-based brokerage firm had already flashed warnings. Yahoo director who led CEO search won't seek re-election: source SAN FRANCISCO (Reuters) - Yahoo Inc director Patti Hart will not seek re-election to Yahoo's board, according to a source familiar with the matter, as the Internet company's board moved forward with an investigation of its new chief executive's educational background. More Dewey rainmakers leave for other firms (Reuters) - More top rainmakers at law firm Dewey & LeBoeuf decamped for new homes on Tuesday, days after the firm warned employees that it may go out of business. As sales accelerate, Toyota goes to war on waste TOKYO (Reuters) - For three years, Akio Toyoda has had to steer Toyota Motor Corp through one crisis after another, from a damaging safety recall that took up to 10 million cars off the road to last year's devastating earthquake and tsunami. Fraud case versus AIG ex-CEO Greenberg cleared for trial (Reuters) - A New York appeals court on Tuesday gave former American International Group Inc Chief Executive Maurice "Hank" Greenberg a partial victory in the state's fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the case to go to trial. Exclusive: After McClendon's trades, Chesapeake board gave blessing NEW YORK (Reuters) - In its latest employment contract with CEO Aubrey McClendon, Chesapeake Energy Corp gave him permission to trade commodities for himself after he already had begun doing so. Related Video Commodities tumble as Europe rattles Cisco undervalued by 50 percent: StarMine Economic News U.S. sees China pushed to let market forces work Analysis: Public pension fixes face stout legal challenges A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend