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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