Arc Bike News

AP – Honda Motor Co. is recalling about 167,000 Acura TSX cars to fix power steering hoses that could deteriorate and cause a fire under the hood.

AP – Stocks fell sharply Friday after the government issued a weaker-than-expected reading on the economy.

Reuters – U.S. stocks extended declines on Friday as shares of Goldman Sachs slid on reports of a federal probe into the Wall Street powerhouse and after first-quarter gross domestic product came in weaker than expected.

AFP – London’s leading stock exchange fell on Friday at the end of a tough week for the markets as investors waited for news on a Greek bailout deal expected over the weekend.

AP – World stock markets eased Friday despite strong U.S. economic growth data as investors warily awaited the completion of a support package to keep Greece from defaulting on its debts.

AP – Shares of several major oil companies and those that provide related services fell Friday as a massive oil spill cast a pall over the drilling business in the Gulf of Mexico.

AP – “Sell in May and go away” is a popular seasonal indicator for investors who like to consider historical trends as well as market fundamentals when buying and selling stocks.

AP – The fear that stocks are overdue for a correction has gnawed at many investors for months.

AP – Nasdaq OMX Group Inc. said Friday its first-quarter profit fell 35 percent because of special charges tied to debt issuance and other one-time costs. Its profit fell short of analysts’ expectations, and its shares fell more than 3 percent.

AFP – Shares in London started in the red on Friday as crisis-hit Greece appeared to edge closer to a bailout deal.