Republicans have started to shut down funding for Dodd-Frank programs (Reuters)
The Office of the Comptroller of the Currency and other agencies will fine banks for improper foreclosure methods (Reuters)
Ben Bernanke says he backs current US financial reforms (Reuters)
The National Retail Federation said sales will rise 4% this year (Reuters)
The Nikkei raced toward a one-year high on strong earnings and M&A (Reuters)
Brent crude reached $104 (Reuters)
Google (NASDAQ: GOOG) announced its One Pass service for publishers to sell content online which puts it into direct competition with a similar product from Apple (NASDAQ: AAPL) (Reuters)
Nokia’s (NYSE: NOK) CEO Steve Elop said his company would launch a Microsoft (NASDAQ: MSFT) Windows-based phone in 2011 (Reuters)
The CBC said Canadian computers were hammered by a cyber attack from China last month (Reuters)
Profits at Lenovo rose 25% last quarter (Reuters)
Borders will close 200 stores in the US (Reuters)
The federal government has begun to probe hundreds of companies about whether they use illegal immigrants (WSJ)
Nestle profits tripled (WSJ)
The Federal Reserve lifted its 2011 GDP forecast (WSJ)
Huawei and ZTE have increased their effort to compete in the global smartphone market (WSJ)
Jens Weidmann, an associate of Angel Merkel, will become chief of Bundesbank (WSJ)
China has increased some attempts to censor the internet (WSJ)
Mines in South Africa are digging deeper for gold (WSJ)
China will allow for the trading of forex options on the yuan (WSJ)
The break-up fee for the NYSE (NYSE: NYX) deal with Deutsche Borse is $337 million (WSJ)
Mexico may produce its smallest coffee crop in two decades (WSJ)
Funding for an alternative engine for the F35 was killed in the House. (NYT)
The SEC may file charges against a former CFO of Freddie Mac because of disclosure issues (FT)
A new approach for rating states set to be released by Fitch will cause more state debt downgrades (FT)
The Federal Reserve has ordered 19 large banks for stress tests which would match those made last year with assumptions of another economic downturn and 11% unemployment (Bloomberg)
Douglas A. McIntyre
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