Spain beset by bank crisis, recession, bond pressure

MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and a report of an outflow of deposits from nationalized Bankia hammered its share price.

Strong Wal-Mart profit trumps bribery probe concerns

(Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations on Thursday as more people shopped at its established U.S. stores and spent more, pushing shares up 5 percent despite ongoing internal and government probes into possible bribery.

U.S. sets new tariffs on Chinese solar imports: source

(Reuters) - The United States ruled that Chinese solar companies had illegally 'dumped' renewable power equipment on the U.S. market at below-market prices, and ordered tariffs on the imports, a source close to the case said on Thursday.

Insight: Who got Facebook shares? Fairness may not come into it

NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street.

Postal Service to close, consolidate 140 mail sites

WASHINGTON (Reuters) - The Postal Service will proceed with a plan this summer to shut mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail.

US to suspend Myanmar sanctions, but keep laws on books

WASHINGTON (Reuters) - The United States will suspend sanctions barring American investment in Myanmar in response to political reforms, but will retain the laws to ensure against backsliding, Secretary of State Hillary Clinton said on Thursday.

Senate Banking Committee to ask Dimon to testify

WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday.

HP mulls cutting at least 25,000 jobs: sources

(Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth.

Facebook prices at top of range in landmark IPO

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.

Poll shows Greece electing pro-bailout government

ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro.