{"id":29261,"date":"2012-06-01T14:52:58","date_gmt":"2012-06-01T18:52:58","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29261"},"modified":"2012-06-01T14:52:58","modified_gmt":"2012-06-01T18:52:58","slug":"whats-in-the-news-may-31-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/06\/01\/whats-in-the-news-may-31-2012\/","title":{"rendered":"What&#8217;s In The News: May 31, 2012"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v0cb9418333a9a27fb96380904d9b9d579a14c1ac&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v0cb9418333a9a27fb96380904d9b9d579a14c1ac&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>This is what&#8217;s in the news for Thursday May 31, 2012. The Wall Street Journal reports AT&#038;T (NYSE:T), Google (NASDAQ:GOOG), Microsoft (NYSE:MSFT) and Intel (NASDAQ:INTC) are backing a U.S. effort to block a UN agency from extending its powers to the Internet which could increase costs for U.S. corporations offering online services abroad. Reuters reports US Airways Group (NYSE:LCC) and TPG Capital may join to bid for American Airlines&#8217; parent, AMR Corp. (AAMRQ), sources say. Bloomberg reports Nasdaq OMX Group&#8217;s (NASDAQ:NDAQ) handling of Facebook&#8217;s (NASDAQ:FB) IPO has led to lawsuits and may cost brokers $100M, but what SEC officials will want to know is whether the market operator put the public&#8217;s interest first. Finally, Bloomberg also reports Gold is poised for the worst run of monthly losses in almost 13 years as concern that Europe&#8217;s fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal. In terms of oil, the fossil fuel was poised for the biggest monthly drop in more than three years in New York on speculation Europe&#8217;s worsening debt crisis and a slowing U.S. economy will reduce fuel demand.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/06\/01\/1_trxm0k57_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/06\/01\/1_trxm0k57_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is what&#8217;s in the news for Thursday May 31, 2012. The Wall Street Journal reports AT&#038;T (NYSE:T), Google (NASDAQ:GOOG), Microsoft (NYSE:MSFT) and Intel (NASDAQ:INTC) are backing a U.S. effort to block a UN agency from extending its powers to the Internet which could increase costs for U.S. corporations offering online services abroad. Reuters reports &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/06\/01\/whats-in-the-news-may-31-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What&#8217;s In The News: May 31, 2012&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29261","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29261"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29261\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}