Business Today: Wall Street scores weekly gains, but sags for the day

Click to View in Browser 05/25/2012 Wall Street scores weekly gains, but sags for the day NEW YORK (Reuters) - U.S. stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe. May consumer sentiment highest in more than four years NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed. Bankia, Catalonia pile on Spanish debt worries MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies. Chinese WTO suit strikes back at U.S. duties GENEVA (Reuters) - China launched a complaint at the World Trade Organization on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidized, including solar panels and steel products. JPMorgan's Dimon to testify before Congress in June WASHINGTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon has been invited to testify before the Senate Banking Committee on June 7 to give lawmakers insight into the bank's trading loss of at least $2 billion, Senator Tim Johnson said on Friday. Icahn discloses Chesapeake stake, asks for board changes (Reuters) - Billionaire investor Carl Icahn revealed a 7.6 percent stake in oil and gas company Chesapeake Energy Corp and called for the company to replace at least four of its directors, saying the board has failed "in a dramatic fashion" in its oversight of management. Facebook options debut a wild card for volatility (Reuters) - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. Murdoch private eye targeted U.S. hedge fund boss (Reuters) - A private detective working for Rupert Murdoch's British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London's swankest hotels, records reviewed by Reuters show. Analysis: Big M&A banks move down-market in hunt for fees (Reuters) - The slow market for merger deals is driving big-name investment banks into combat with smaller rivals for business from companies they usually ignore. Spain region, Greek exit warnings rattle euro zone (Reuters) - Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Related Video Trading at Noon Facebook options trades will hedge more downside-CBOE trader Economic News May consumer sentiment highest in more than four years Fed's Plosser warns on discretionary policy decisions 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