Reuters:   Chrysler is already seeing positive effects from bankruptcy.

Reuters:   The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms.

Reuters:   Pimco’s Gross says US is at risk of losing its AAA rating.

Reuters:   The US closed BankUnited and sold it to private equity interests.

Reuters:   AIG’s (AIG) Liddy stepped down as CEO.

Reuters:   The trillion dollar bailout is beginning to shake market confidence in the US economy.

Reuters:   New reports show the US has a bumpy road ahead as it moves toward recovery.

Reuters:   Singapore’s Temasek defended its expensive exit from Bank of America’s (BAC) stock.

Reuters:   The US put $7.5 billion into GMAC.

Reuters:   Fed official Plosser is worried about inflation and other effects of the Fed’s actions.

Reuters:   GM (GM) and the UAW reached an agreement for a new contract.

WSJ:   The recession has turned malls into ghost towns.

WSJ:   UK bonds were hit by fears of an S&P downgrade of the country’s sovereign debt.

WSJ:   Glaxo and the IRS are in a court dispute.

WSJ:   Credit card companies could loss billions of dollars in fees.

WSJ:   The CEO of Xerox (XRX) stepped down.

WSJ:   Gap (GPS) posted lower profits and sales.

WSJ:   China is facing oil strife problems in Iraq.

WSJ:   The Senate killed an effort to restrict IMF funds.

WSJ:   British Airways posted a loss.

WSJ:   Salesforce.com (CRM) had a jump in its net.

WSJ:   The dollar is dropping as investors move into more risky assets.

WSJ:   Open Table’s IPO was up 59%.

WSJ:   Options traders  are moving into Palm (PALM) ahead of the launch of its Pre.

WSJ:   The golden age of credit card profitability is gone.

WSJ:   Obama’s fuel targets risk hurting the  recovery of car companies.

WSJ:   Chrysler dealers and lawmakers are fighting plans to shut dealers.

WSJ:   Sears (SHLD) posted a profit.

WSJ:   Game Stop (GME) posted a poor forecast.

WSJ:   Lenovo expects a tough time for PC sales.

WSJ:   McClatchy (MNI) is seeking a debt swap at a big discount.

WSJ:   Cabilevision (CVC) says it has no plans to go private.

NYT:   Wells Fargo (WFC) is squeezing retailer Hartmarx raising the chance of bankruptcy.

FT:   Citigroup (C) is trying to cut its tech costs by as much as $1 billion.

FT:   Ford (F) complained about a German loan for GM’s (GM) unit there.

FT:   California faces deep budget cuts.

Bloomberg:   Geithner pledged to cut deficits to save  the US’ AAA rating.

Bloomberg:   GM (GM) may get another bid for Opel from a Chinese car company.

Bloomberg:   The stock warrants from US TARP loans to banks may be bought at prices that cost taxpayers $10 billion

Douglas A. McIntyre

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