Toyota Motor Corp. (NYSE: TM), Honda Motor Co. Ltd. (NYSE: HMC) and Nissan will recall 3.4 million cars over airbag defects. (Reuters)
Yum! Brands Inc. (NYSE: YUM) faces slow KFC sales in China because of worry over bird flu. (Reuters)
An agreement with a large shareholder will mean Goldman Sachs Group Inc.’s (NYSE: GS) Lloyd Blanfein will remain both chairman and CEO. (Reuters)
Microsoft Corp. (NASDAQ: MSFT) will release a seven-inch Surface tablet later this year. (WSJ)
Deutsche Telekom improves its offer for MetroPCS Communications Inc. (NYSE: PCS) as the deal flags. (Reuters)
IDC says PC sales fell 13.9% in the first quarter and partially blames slow sales of Microsoft Windows 8. (WSJ)
McDonald’s Corp. (NYSE: MCD) will try to improve customer service as same-store sales lag. (WSJ)
The European Commission remarks that Spain’s recovery has stalled. (WSJ)
ConocoPhillips (NYSE: COP) says it cannot drill in the Arctic until regulations are made more plain. (WSJ)
Despite gold’s record as a safe haven, prices have dropped 17% since 2011. (WSJ)
China’s currency reserves hit $3.4 trillion. (FT)
China’s local currency lending surges in March, raising concerns about financial risks. (Bloomberg)
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