Bloomberg News

bloomberg.com — German business confidence fell more than economists forecast in May as speculation that Greece might leave the euro area clouded the economic outlook. The Munich-based Ifo institute said today its business climate index, based on a survey of 7,000 executives, dropped to 106.9 from 109.9 in April.

bloomberg.com — Formula One plans to raise about $450 million for itself by selling new shares as part a $3 billion initial public offering inSingapore, said two people with knowledge of the matter. The IPO may raise $2 billion to $3 billion in total as existing shareholders sell stakes, the people said, declining to be identified because the information is private.

bloomberg.com — As Facebook Inc. and Morgan Stanley executives gathered on a call May 17 to arrange terms for the social-networking company's initial public offering, they faced a tradeoff: set the IPO price low and give up enough money to let investors profit from a day-one pop -- or push the price high to help the company reap as much as possible from the sale.

bloomberg.com — Singapore should curb the increasing trend of so-called shoebox apartments because they are "almost inhuman,"CapitaLand Ltd. (CAPL) Chief Executive Officer Liew Mun Leong said. The government last week said it's concerned that shoebox apartments are mushrooming in the city-state as private home sales surged to a three-year high with record purchases of units that are smaller than 50 square meters (538 square feet).

bloomberg.com — Ryan Cefalu, who lives with his wife and two kids in Baton Rouge, Louisiana, saw in Facebook Inc. (FB)'s much-anticipated initial public offering a chance to buffer his retirement fund. His expectations fizzled along with the stock within the first minutes oftrading.

bloomberg.com — European leaders clashed over joint debt sales as they called on Greece to stick with the budget cuts needed to stay in the euro. The 18th summit in more than two years of crisis fighting was marked by new French President Francois Hollande challenging the German-dominated deficit-cutting orthodoxy that has failed to stabilize the euro area and led to speculation that Greece might be forced out.

bloomberg.com — As he clambered out of bed and onto his feet one morning late last year, Miguel Angel Cardona, 62, felt his body betray him. His head grew so heavy it pulled him tumbling back down. "You feel fuzzy, like you're drunk," recalls the grandfather of nine, who's spent most of his life in Segovia, a gold-mining town in northwestern Colombia.

bloomberg.com — NYSE Euronext (NYX) and Facebook Inc. have been exchanging phone calls and e-mails about the possibility of the company switching its listing fromNasdaq OMX Group Inc. (NDAQ), according to a person familiar with the matter.

bloomberg.com — While Franklin & Marshall College may not have the cachet ofYale University in the eyes of most Americans, for trendy European teens the Pennsylvania liberal arts school easily trumps the Ivy League icon. Among the hottest names in Europe these days is Franklin & Marshall, a name emblazoned on sweatshirts and other garb sold by an Italian company with an almost identical name.

bloomberg.com — Vladimir Putin faces the risk of Russia's political stability being shaken ifGreece leaves the euro area, triggering a global crisis and sinking the price of oil, according to the Center for Strategic Studies in Moscow.