Reuters: GM (GM) is close to bankruptcy after a deal with bondholders.
Reuters: Banks are lobbying Washington on derivatives rules.
Reuters: Dell’s (DELL) profits fell but beat estimates.
Reuters: Iacocca will lose his car and pension in the Chrysler bankruptcy.
Reuters: RH Donnelley filed for Chapter 11.
Reuters: Data boosted recovery hopes and May stocks will end near highs.
Reuters: Wall St. faces pay puzzles among TARP rules.
Reuters: The Fed’s Fisher said the recovery will be very slow.
Reuters: Yahoo!’s (YHOO) North American content head left the company.
WSJ: With Treasury yield up the Fed may do nothing to effect the economy.
WSJ: Mortgage rates rose hurting prospects for a housing recovery.
WSJ: Dell (DELL) warned that the PC market has not hit bottom.
WSJ: Microsoft’s (MSFT) Bing search engine is taking aim at Google (GOOG).
WSJ: High prices are keeping OPEC output steady.
WSJ: Google (GOOG) released several new software tools.
WSJ: P&G (PG) will expand its lower cost line-up.
WSJ: India had 5.8% GDP growth.
WSJ: Time Warner (TWX) set a spin-off of AOL.
WSJ: Unilever will test mobile coupons.
WSJ: The new Palm (PALM) Pre will access Apple (AAPL) iTunes.
WSJ: The housing picture is brightening in California.
WSJ: The US will urge China to consume and not save.
WSJ: Chinese banks are spending now buy may have to pay later due to low loan quality
WSJ: Corporate profits still have a long way back.
WSJ: Singapore’s Temasek sovereign fund lost almost $40 billion.
WSJ: The big Treasury auction went well.
WSJ: The demise of Detroit does not stop the race for sales.
WSJ: Germany is delaying an Opel financing plan.
WSJ: Target (TGT) shareholders backed management over Ackerman.
WSJ: Electronic Arts (ERTS) is making a big play for online services.
NYT: Delphi is in talks to emerge from bankruptcy.
NYT: More homeowners are facing foreclosure.
FT: Hopes are rising for a fast GM (GM) bankruptcy exit.
FT: Chrysler’s deal with Fiat is close to closing.
FT: Microsoft (MSFT) and Yahoo! (YHOO) are facing off over innovation.
FT: US lawmakers are skeptical about having one regulator for the bank system.
FT: New debt fears are arising over commercial property.
Bloomberg: Japan’s factory output plunged the most in 56 years.
Bloomberg: Fiat’s chief is perplexed over changes in the rules for buying Opel.
Douglas A. McIntyre
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