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While U Slept: Biz&Buz. The 5 Big Overnight Business Stories. Friday, 05/28/10

May 28, 2010

GLOBAL STOCKS RISE FOR THIRD STRAIGHT DAY Asia closes/Europe opens with more gains, following Wall Street’s strongest showing in nearly three weeks. (Bloomberg)

ROYAL DUTCH SHELL TO PAY $4.7 BILLION TO UP GAS PRODUCTION Purchase of privately held East Resources Inc, gives substantially more exposure to crucial North American  shale gas plays. (Reuters)

PRUDENTIAL RENEGOTIATES $35.5 BILLION DEAL FOR ASIAN AIG UK life insurer wants new terms after top shareholders express concern with cost. (Marketwatch)
BP PRESSURED CREW TO SACRIFICE SAFETY, FAMILY OF VICTIM SAYS Jason Anderson, on of 11 crew members killed aboard the Deepwater Horizon drilling rig warned his family that BP was pressuring him to sacrifice safety for the sake of time and money. (Bloomberg)

FOXCONN TO RAISE RATES AFTER SPATE OF SUICIDES Taiwanese electronic company says salaries to rise by 20% after 10 recent suicides of workers. (AP)

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