Reuters: California raced to approve a state budget its cutting deficit.
Reuters: Ten more people may face charges in Madoff case.
Reuters: Gannett (GCI) is laying off 1,000 more people.
Reuters: China will delay a web filter for PCs sold in the country.
Reuters: B of A’s (BAC) asset management unit got low bids.
Reuters: Monster’s June job index fell.
Reuters: Facebook employees have a chance to cash in some options setting a value on the business.
Reuters: Citigroup (C) raised rates on millions of credit cards.
Reuters: The SEC may tighten executive pay rules.
Reuters: The FTC faces financial reforms that may cut its power.
WSJ: Wall St. cut its lobbying spending.
WSJ: Wal-Mart (WMT) will support the Administration’s goal of proving healthcare to all workers.
WSJ: The FDIC will make it tougher for private equity firms to buy banks.
WSJ: Cities are growing at the expense of suburbs.
WSJ: Charles Haldeman is likely to be the new head of Freddie Mac (FRE).
WSJ: Stores will be watching back-to-school sales as a sign of consumer sentiment.
WSJ: Toyota (TM) is building a portfolio of patents around its new hybrid.
WSJ: Geron will provide stem cells to GE (GE).
WSJ: China will block imports of US chicken.
WSJ: Oil companies are rejecting Iraq’s terms for bidding for oil interests.
WSJ: Companies are awaiting broadband grant rules.
WSJ: Home prices fell at a slowing .6% rate.
WSJ: A big spring planting should drop crop prices and help ethanol companies.
WSJ: The S&P 500 was up 15% in the second quarter.
WSJ: Markets in India, Turkey, and Argentina did particularly well last quarter.
WSJ: Commodities rallied last quarter based on an economic rebound.
WSJ: The market for IPOs still has a long road to recovery.
WSJ: The CEO of GM says the government is looking for a quick sale of its interest.
WSJ: Viacom’s (VIA) Paramount may outsource back office jobs.
WSJ: Chinalco will keep its interest the same in Rio Tinto (RTP).
WSJ: Amazon (AMZN) cut ties to Hawaii affiliates to avoid collecting sales tax.
WSJ: Yahoo! (YHOO) shut down one of its video services.
NYTimes: “A federal advisory panel voted to recommend a ban on Percocet and Vicodin because of their effects on the liver.”
NYTimes: Banks are fighting a new agency meant to protect the interests of consumers.
NYTimes: Troubles at Europe’s banks are getting worse.
NYTimes: Sirius XM (SIRI) is set to see improved sales as the auto industry recovers.
NYTimes: Japan’s manufacturing index was up slightly for June.
NYTimes: AIG (AIG) offered its shareholders little hope for a recovery in the value of their stock.
FT: Morgan Stanley and MUFG will pool $100 billion in an effort to get more of the US corporate lending market.
FT: The recession is forcing companies to cut back worker’s hours.
FT: The US is increasing its fight against UBS (UBS) clients.
Bloomberg: China manufacturing was up for the fourth month helped by the country’s stimulus package.
Bloomberg: The IMF board set the sale of $150 billion in bonds.
Douglas A. McIntyre
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