While U Slept: Biz&Buz. Big 5 Business Stories Breaking Overnight. Monday, 06/07/10

June 7, 2010

GLOBAL STOCKS FALL ON FEARS OF DEBT DAMPENING RECOVERY European and Asian markets tumble after Friday’s drop on Wall Street. Fiscal woes in Europe cited, as Hungary debt concerns add to those in Greece and Portugal. (Bloomberg)

EURO AT FOUR-YEAR LOW The European single currency falls broadly, hitting lowest mark against dollar in four years, and yen in more than eight years. (Reuters)

BHOPAL COURT CONVICTS 8 IN 1984 UNION CARBIDE DISASTER Guilty verdicts are first since gas leak killed some 15,000 within days, and left decades of devastation.  (BBC)

AIRLINE INDUSTRY TO EARN $2.5 BILLION PROFITS An industry body predicted major recovery for global air travel in 2010 on wings of economic recovery. Ash cloud and debt crisis will, however, leave European carriers in red through 2011. (NYT)

YAHOO! ZIPS PAST GOOGLE TO INTEGRATE WITH FACEBOOK As criss-crossing platform wars heat up, Yahoo! set to make it possible to view Facebook feed on its email and news services. (WSJ)


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