The European Commission indicates that it will lower pressure on spending cuts among several nations as Spain and France miss budget targets. (Reuters)
The flash HSBC Purchasing Managers’ Index for April drops to 50.5 from 51.6 in March. The export order measure drops to 48.6, with 50 as the demarcation for improvement. (Reuters)
The Boeing Co. (NYSE: BA) 787 Dreamliner will be back in service for some airlines as early as next week. (Reuters)
The ITC says that Apple Inc. (NASDAQ: AAPL) did not violate a Google Inc. (NASDAQ: GOOG) patent when it built the iPhone. (Reuters)
A Texas Transportation Institute study shows that voice-to-text products are just as distracting to drivers as texting. (Reuters)
Sprint Nextel Corp. (NYSE: S) appoints a committee of board members to evaluate an offer from Dish Network Corp. (NASDAQ: DISH). (Reuters)
Shares of Netflix Inc. (NASDAQ: NFLX) rise 24% after it announces better-than-expected earnings. (WSJ)
The Senate passes a bill that would end tax-free online shopping. (WSJ)
CBS Corp. (NYSE: CBS) buys a share of Syncbak, which helps local TV stations stream content on the Internet. (WSJ)
Twitter sets a deal with Publicis’s Starcom MediaVest to allow the agency’s clients preferred access to the social network’s advertising inventory. (FT)
Boeing says it may not find the origin of problems that caused fires in its lithium-ion batteries. (FT)
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