According to Reuters, the Treasury Department will announce a proposed major overhaul of the US financial regulatory system.

Reuters writes that Yahoo! (YHOO) introduced Shine, a site for women.

Reuters writes that the Apple (AAPL) brand is the one which has the most impact on world consumers according to a new survey.

The Wall Street Journal writes that IAC/Interactive (IACI) faces a number of market challenges now that it has won a case giving CEO Barry Diller the right to break-up the company.

The Wall Street Journal writes that Lehman (LEH) lost $350 million in a fraud and will sue Japanese company Marubeni.

The Wall Street Journal writes that a medical panel found that cholesterol drugs sold by Merck (MRK) and Schering-Plough (SGP) were no more effective than older, less expensive drugs.

The Wall Street Journal writes that US stock markets are doing better than most exchanges in other countries.

The Wall Street Journal reports that Google (GOOG) and DoubleClick now dominate the ad serving market.

The New York Times writes that several groups have attacked Wal-Mart’s (WMT) claims about how much it saves consumers.

The New York Times writes that the number of people using food stamps will hit a record this year.

The New York Times reports that Wall St. is nervous that there will be another financial catastrophe involving debt instruments which have not gotten into trouble yet.

The FT writes that investors have pulled almost $100 billion out of equity funds in the first quarter.

Bloomberg writes that Citigroup (C) will separate its credit card unit from its consumer bank.

Douglas A. McIntyre

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