Reuters: Global consumer confidence is improving.
Reuters: GM (GM) filed for Chapter 11 and expects a quick exit.
Reuters: Most US retailers probably had sales drop in May.
Reuters: China gave Geithner backing for the US programs to stimulate the economy.
Reuters: The DJIA was shaken up as GM (GM) and Citigroup (C) were taken out and Travelers and Cisco (CSCO) were added.
Reuters: Applied Materials (AMAT) sees more failures of semiconductor companies.
Reuters: JPMorgan (JPM) and American Express (AXP) will sells shares to pay back TARP funds.
Reuters: Toshiba expects it sales in the US to move up due to improvements in the economy.
Reuters: Target (TGT) will partner with DailyCandy.com.
Reuters: Interest in a government program to buy toxic assets is disappearing.
Reuters: Citigroup (C) is halting severance payments to some executives who left.
WSJ: EMC (EMC) made a big to buy Data Domain.
WSJ: A committee backed the BOE in its oversight role.
WSJ: Micron (MU) will spin-off its imaging unit.
WSJ: China is probing US steel imports.
WSJ: News Corp (NWS) may bring in an executive to serve as its No.2 manager.
WSJ: The Supreme Court will consider whether business method patents should be expanded.
WSJ: A Gulf oil billionaire is selling his stake in Barclays (BCS).
WSJ: Americans are saving more money.
WSJ: Analysts will find out if car buyers are bothered by Chapter 11 when Chrysler reports May numbers.
WSJ: Treasury yields soared on concerns about the economy fading.
WSJ: An accounting rule could hurt bank earnings this quarter.
WSJ: Liberty Media is making money on its investment in Sirius XM (SIRI).
WSJ: AMD (AMD) launched its new line of server chips.
NYT: The UAW faces a balancing act as a GM (GM) shareholder.
NYT: Investors have offered a new plan to take Delphi out of Chapter 11.
NYT: A comprehensive plan to overhaul the US financial industry will go to Congress this summer.
NYT: The FDA may reveal more data on its actions.
NYT: Money sent home from Mexican workers in the US fell sharply.
NYT: Interest rate cuts are starting to improve the global economy.
FT: China backed the US dollar as the reserve currency.
FT: CCB revealed its aversion to stakes in western banks.
Bloomberg: Goldman Sachs (GS) will raise $1.9 billion by selling its ICBC shares.
Douglas A. McIntyre
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