Bad Paper

NEW YORK (Reuters) – Stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.

BP promised to meet all ‘legitimate’ claims for damages arising from its oil spill in the Gulf of Mexico, which it is feared could devastate fishing and tourism industries, and wildlife habitats along the Louisiana coast.

NEW YORK (Reuters) – Stocks tumbled on Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.

WASHINGTON (Reuters) – The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.

In just a few weeks, Goldman Sachs has gone from Wall Street darling to favorite punching bag.

The White House said no new oil drilling would be permitted in the US until authorities have investigated the BP rig explosion in the Gulf of Mexico, where oil has now reached the Mississippi Delta

US consumers drove the country’s nascent economic recovery in the first quarter, accounting for the bulk of a 3.2 per cent annualised increase in output during the period

US prosecutors are reviewing the evidence the US Securities and Exchange Commission has gathered about Goldman Sachs’s mortgage-backed securities business to determine whether to open a full criminal probe

Receding fears of a Greek default and continuing good news on corporate earnings trumped by US data

WASHINGTON (Reuters) – The economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.

NEW YORK (Reuters) – U.S. stocks extended declines on Friday as shares of Goldman Sachs slid on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.

The US economy continued to grow at a healthy clip in the first three months of the year, as measures to stimulate output have spurred spending and helped the recovery gain momentum

Eurozone finance ministers will hold emergency discussions this weekend to settle the remaining details of a multibillion-euro rescue package for Greece

WASHINGTON (Reuters) – The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, suggesting the recovery was growing more durable.