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Automakers to reveal models covered by wider air bag recall

DETROIT- Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp.. On Tuesday, the U.S. National Highway Traffic Safety Administration announced a deal with Takata to declare millions of its air bag inflators defective and expand the recall from 17 million to 33.8 million.
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
China's Hanergy undone in a few minutes of frantic trading

HONG KONG, May 23- Not long after Hanergy Thin Film Power Group began its annual shareholder meeting at a plush Hong Kong hotel this week, the Chinese solar company's shares went into free fall. Once the meeting was under way, several massive sell orders involving millions of shares overwhelmed the market, according to an analysis of Thomson Reuters trade log data.
Source: Reuters | By: Elzio Barreto and Saikat Chatterjee
Hanergy's plight puts passive investors in spotlight

The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in volatile markets like China.
Source: Reuters
Japan pledges climate change aid to Pacific island nations

TOKYO- Japan pledged Saturday 55 billion yen in aid to Pacific island nations that are battling rising sea levels and natural calamities as a result of global warming. Prime Minister Shinzo Abe made the pledge at a two-day meeting with the island nations' leaders in Iwaki in northern Japan. Japan will also help with expert exchanges and training.
Source: The Associated Press
BlackBerry cuts jobs worldwide as it consolidates businesses

May 22- Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business. The Waterloo, Ontario- based company last month said it was considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs. Up to Friday's close, the...
Source: Reuters
Former CEO's lawsuit against Sands China stays in Nevada

LAS VEGAS- A Nevada judge has decided a wrongful termination case against Macau- based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away. Clark County District Court Judge Elizabeth Gonzalez issued her ruling Friday afternoon after...
Source: The Associated Press
UPDATE 2-Amgen ends partnership with AstraZeneca on psoriasis drug

May 22- Amgen Inc said it will terminate a collaboration with AstraZeneca Plc to develop a psoriasis drug after it observed suicidal thoughts in the subjects of a trial. AstraZeneca could decide on the development and marketing of the drug for all territories, except for Japan and certain Asian territories, where Kyowa Hakko Kirin has the rights to it, Amgen said.
Source: Reuters | By: Amrutha Penumudi
Cramer's game plan: Big action next week!

Jim Cramer reviews the stocks and events he will be watching next week, and is preparing for some big action ahead.
Source: CNBC.com | By: Abigail Stevenson
Cramer expects more M&A on the horizon  

Mad Money host Jim Cramer looks ahead to market moving events, earnings and data set to take place next week.
Source: CNBC.com
Sailors stop by the Nasdaq  

The FM traders offer some trading advice to Lieutenant Junior Greg Coyle.
Source: CNBC.com