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UAW trust to get 17.5 percent of GM shares (AP) 26 May 2009
General Motors Corp. will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care costs starting next year.

Consumer confidence soars in May (AP) 26 May 2009
Consumer confidence extended its rebound in May, soaring to the highest level since last September as more shoppers are feeling the worst of the recession is behind them.

Stocks jump after consumer confidence level surges (AP) 26 May 2009
Consumers' more upbeat mood is spreading to Wall Street. Stocks surged Tuesday after the Conference Board said consumer sentiment rose in May to the highest level since September. All the major stock indicators rose more than 2 percent, including the Dow Jones industrial average, which jumped 200 points.

S&P: Home prices fall by record 19.1 percent in 1Q (AP) 26 May 2009
Home prices fell at the fastest annual rate on record in the first quarter, but the pace of month-to-month declines continues to slow, a closely watched housing index showed Tuesday.

Facebook's $200M investment values co. at $10B (AP) 26 May 2009
Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion.

US high court to decide on allowing Vioxx suits (AP) 26 May 2009
The U.S. Supreme Court will decide whether shareholders can sue Merck & Co. over whether the drugmaker provided adequate information about the risks of its former blockbuster painkiller Vioxx before it was pulled from the market.

Banco Santander settles with Madoff trustee (AP) 26 May 2009
A European bank that was among the biggest losers in the Bernard Madoff swindle has agreed to pay $235 million to resolve potential legal claims by the trustee trying to unwind the massive Ponzi scheme.

Oil stable as stock market rises (AP) 26 May 2009
Oil prices hovered around $61.60 a barrel Tuesday as a surprising increase in consumer confidence sent stock prices higher.

Fiat CEO pushes Opel bid with Merkel (AP) 26 May 2009
Fiat CEO Sergio Marchionne pushed his bid for General Motors Corp.'s Opel unit in talks Tuesday with German leaders, saying he had lowered his request for government financial help.

China looking at boosting private role in industry (AP) 26 May 2009
China says it may encourage private investment in state-controlled industries such as railways, oil and power generation in an effort to boost the efficiency of the world's third-largest economy.