Reuters:   Cybercrime is spreading fast on Facebook.

Reuters:   GM will seek to sell most of its assets to a new company.

Reuters:    Madoff got 150 years in prison.

Reuters:   AIG (AIG) shareholders will elect new directors.

Reuters:   GM is close to a deal to sell Opel.

Reuters:   A jury returned a $1.7 billion drug verdict against Abbot (ABT).

Reuters:   A judge delayed a bail decision about Allen Stanford.

Reuters:   The VIX is the lowest it has been since the Lehman bankruptcy.

WSJ:   Wall St. will have its best quarter since the financial crisis began.

WSJ:   The EU is seeking a number of reforms in China.

WSJ:   Apple’s (AAPL) Steve Jobs is back at work.

WSJ:   The US is waging a financial war against North Korea.

WSJ:   A  jury said Abbott (ABT) must pay a $1.7 billion patent award to J&J (JNJ).

WSJ:   Hyundai will offer car buyer $1.49 gas if they buy before August 31.

WSJ:   The US is objecting to an alliance between Continental (CAL) and United (UAUA).

WSJ:   Carlyle raised $1 billion for an Asia fund.

WSJ:   Hong Kong and Disney (DIS) reached an expansion deal.

WSJ:   Broadcom (BRCM) lifted the price if would pay for Emulex.

WSJ:   Ten states are trying to finish budgets before facing partial shutdowns of services.

WSJ:   Large universities were bested in endowment growth by smaller ones who took more simple investment tacks.

WSJ:   Asian borrowers are increasing fund raising while their markets are hot.

WSJ:   China’s banks are making risky loans for infrastructure projects.

WSJ:   Militants hit oil supplies in Nigeria again.

WSJ:   State Street (STT) says the SEC may file charges against it.

WSJ:   AIG (AIG) says it may have lost more money on its derivatives portfolio.

WSJ:   The recovery may not be complete until banks clean up balance sheets.

WSJ:   Stocks in Exxon (XOM) and Chevron (CVX) are being fueled by gains in crude.

WSJ:   A court decision on DVRs will help Cablevision (CVC) and other cable companies.

WSJ:   Analysts expect a car sales rebound in June.

WSJ:   Sanofi faces problems on studies of its drug Lantus.

WSJ:   McDonald’s (MCD) will expand in India.

WSJ:   Dell (DELL) is working on a pocket web product.

WSJ:   Comcast (CMCSA) will offer wireless cards.

WSJ:   Biogen (BIIB) reported another sick patient for its MS drug.

WSJ:   Amazon (AMZN) is dropping more affiliates to avoid state taxes.

NYT:   The Supreme Court says states can investigate national banks for lending discrimination.

NYT:   New airplanes will have airbags and seats less likely to rip loose.

NYT:   GM is exiting a long-standing joint venture with Toyota (TM).

NYT:   Levi’s is courting young buyers with a new message.

NYT:   The IEA sees little growth in oil demand in the next few years.

FT:   A deficit has forced California to issue IOUs.

FT:   Rio Tinto (RTP) has threatened to sell metals onto the spot market.

Bloomberg:   Treasuries are headed for their biggest quarterly loss in three decades.

Bloomberg: Xstrada’s $40 billion bid for Anglo American may restart the M&A market.

Douglas A. McIntyre

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