Sony (NYSE: SNE) says it will return to profit and will cut its TV unit losses in half. (Reuters)

Cisco Systems (NASDAQ: CSCO) warns about the economy as it releases earnings. (Reuters)

Regulators may make mortgage lenders charge a flat fee to help home buyers. (WSJ)

Pfizer (NYSE: PFE) will give less marketing support to Lipitor as it moves to a generic form. (WSJ)

The Post Office backs away from a plan to close 3,700 rural offices. (WSJ)

Fannie Mae posts its best results since its bailout and made $2.7 billion. (WSJ)

The European Union delays a bailout payment to Greece as political turmoil there rises. (WSJ)

Spain may get a break on budget deficits from EU partners, who will give it more leeway to recover. (WSJ)

Weak imports raise China’s April trade deficit. (WSJ)

Chrysler will try to improve its battered quality reputation. (WSJ)

Liberty Media (NASDAQ: LMCA) increases its share of Sirius XM Radio (NASDAQ: SIRI) as it tries to gain control. (WSJ)

New Facebook government documents show it is weak in mobile ads. (WSJ)

Corporate borrowing makes the debt crisis in Spain worse. (NYT)

Third Point insists that Yahoo! (NASDAQ: YHOO) name an interim CEO. (NYT)

News Corp. (NASDAQ: NWS) doubles its share buyback to $10 billion. (FT)

MetroPCS (NYSE: PCS) may tie up with T-Mobile. (FT)

Sony predicts a profit this year. (Bloomberg)

Douglas A. McIntyre

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