Reuters: Bernanke denied putting pressure on Bank of America (BAC) over the deal to buy Merrill Lynch.
Reuters: GM said a bankruptcy delay would destroy suppliers.
Reuters: Nominees have started to emerge for the panel to examine the Wall St. meltdown.
Reuters: UBS (UBS) said the $3.5 billion it is raising in not attached to individual needs.
Reuters: Palm’s (PALM) Pre helped earnings.
Reuters: Google’s (GOOG) rift points to trouble ahead.
Reuters: MySpace has begun to redefine its mission (NWS).
Reuters: Lear is preparing to file bankruptcy.
WSJ: Firms are racing to refinance their debt.
WSJ: Retailers are cutting back on the variety of their merchandise.
WSJ: The delay of the Boeing (BA) 787 is affecting aircraft leasing firms.
WSJ: GDP was revised to a 5.5% decline for Q1.
WSJ: Home prices rose in California.
WSJ: Unemployment is causing problems for plans to help foreclosure rates.
WSJ: AIG (AIG) will repay debts through the IPO of its Asia unit.
WSJ: Microsoft (MSFT) plans to lure buyer for Windows 7 with aggressive pricing.
WSJ: Boston Scientific (BSX) appointed a new CEO.
WSJ: Woolworths expects a rebirth online.
WSJ: The CEO of Yahoo! (YHOO) brushed off talk about a Microsoft (MSFT) tie-up.
WSJ: LG debuted an ultra-thin TV.
WSJ: Brazil’s VisaNet raised $4.27 billion in its IPO.
WSJ: Sirius XM (SIRI) rose on a strong debt sale.
WSJ: Exxon Mobil (XOM) is making plans that will drop the price of liquefied natural gas.
WSJ: Time Warner (TWX) may be planning to divest Time, Inc.
WSJ: A supply delay in Nigeria pushed up oil prices.
WSJ: GM is working with states on how car accident victims and deals will be treated.
WSJ: Toyota’s (TM) chief said the company will cater more to regional interests.
WSJ: The head of music programming at Sirius left for Clear Channel.
NYT: Obama and Congress are fighting of how the healthcare bill will be funded.
NYT: Italy seized billions in fake Treasuries.
NYT: New ad programs are tailored to tracing interactions on social networks.
NYT: Qantas canceled orders for Boeing (BA) 787s.
NYT: The Fed cut back some emergency lending programs.
FT: Russia is considering a bail-out for banks.
FT: M&A is running at its lowest level in five years.
Bloomberg: Bernanke’s problems over the B of A merger with Merrill may undercut plans to expand Fed powers.
Bloomberg: Consumer spending in the US probably rose in the latest period.
Douglas A. McIntyre
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