Monday, May 5, 2014

IB NEWS

TOP STORIES
US Top Court Endorses Prayers Before Town Meetings
The court said Greece, New York, didn't violate the ban on government endorsement of religion by allowing prayers before meetings.
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Holder: Banks Aren't 'Too Big to Jail'
In a video on the Justice Department's website, U.S. Attorney General Eric Holder said legal action against financial institutions is imminent.
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Pfizer Q1 2014 Sales Disappoint, Profit Down 15%
The big New York pharmaceutical company booked declining revenue in its two biggest operations.
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China Factory Activity Shrinks In April, New Export Orders Down
The PMI report marks yet another piece of evidence that growth in the world's second-largest economy continues to slow.
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More Money Returned To Madoff Victims, Total Nears $6B
Trustee Irving Picard said the fourth interim payout will go to victims of the Ponzi scheme who had 1,081 accounts at Madoff's firm.
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MORE HEADLINES
Veteran Stunt Pilot Dies In Travis Air Force Base Air Show Crash
Rescuers Seeking 11 People After Cargo Ship Sinks Near Hong Kong
Switzerland Freezes $193 Million In Ukrainian Assets: Report
12 Dead In Colombia Gold Mine Collapse
By Quitting, Target CEO Steinhafel Left Millions On The Table

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