Reuters:   Congress passed a bill to put restrictions on credit card companies.

Reuters:   The Fed mulled increasing securities during its April meeting.

Reuters:   Geithner said the US was making progress fighting the credit crisis.

Reuters:   Banks expect a windfall of fees from new stock issues by companies taking advantage of markets.

Reuters:   Bank of America (BAC) will seek to replay the government $45 billion by the end of the year.

Reuters:   California voters rejected the state budget.

Reuters:   Greenspan said the US economy is improving but said banks still face capital shortfalls.

Reuters:   Fiat’s CEO said that is a 50% chance for a deal with GM’s (GM) Opel.

Reuters:   Lehman has been questioned about a securities sale.

Reuters:   China’s economy may have lost steam.

WSJ:   GMAC will get $7 billion from the Treasury.

WSJ:   Economies in Japan, Mexico, and Germany are collapsing, putting pressure on trade talks.

WSJ:   The Indiana pension fund is challenging the terms of the Chrysler bankruptcy.

WSJ:   The Senate passed the FDA tobacco bill.

WSJ:   Chrysler named a new chairman.

WSJ:   New bidders have emerge for an AIG asset management unit.

WSJ:   Alcatel-Lucent (ALU) has gotten into the mobile phone ad business.

WSJ:   Sony’s (SNE) Stringer announced his turnaround plan.

WSJ:   All 10 banks that failed “stress texts” are on their way to raising capital.

WSJ:   The SEC passed rules that would give investors more power in nominating directors.

WSJ:   Crude oil moved above $60.

WSJ:   There is a question about whether Verizon (VZ) will keep paying its current dividend.

WSJ:   Talks between Microsoft (MSFT) and Yahoo! (YHOO) are continuing.

WSJ:   The UAW will be left with little influence after the auto industry restructuring.

WSJ:   The UAW, with assets of $1.3 billion, is the richest union in the nation.

WSJ:   Toll Brothers (TOL) sees hope in the housing industry.

WSJ:   Target (TGT) see earnings about to stabilize.

WSJ:   NetApp paid $1.5 billion to buy Data Domain.

WSJ:   Oil refiners are predicting higher gas prices.

NYT:   Driving is increasing despite higher gas prices.

NYT:   China may become more picky about buying debt, including US Treasuries.

NYT:   The US insurer of pensions in being pressured by the failure of several private pensions.

NYT:   IPOs are offering encouraging signs for investors.

FT:   Google (GOOG) dropped plans to invest in the newspaper industry.

FT:   Sony (SNE) will cut its supplier network to cut procurement costs by 20%.

FT:   California is facing deep budget cuts.

Bloomberg:   Some Fed officials doubt the the stabilization of the economy will persist.

Bloomberg:   AIG (AIG) is targeting Q1 2010 as the time for selling shares in one of its Asian units.

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.