According to Reuters, the head of Samsung has been indicted for tax evasion.

Reuters writes Ebay (EBAY) profits rose 22%, but the company was cautious about the rest of the year.

Reuters reports that JP Morgan (JPM) will sell $6 billion in preferred shares.

Reuters writes that IBM (IBM) profits rose on strength in its service and softwaer divisions.

Reuters reports that it has completed its merger with Thomson.

Reuters writes that Sallie Mae (SLM) posted a first quarter net loss.

The Wall Street Journal writes that Yahoo! (YHOO) is close to a deal to outsource some of its advertising to Google (GOOG).

The Wall Street Journal writes that tech firms like EMC (EMC) and Ebay are building cash reserves in case of a prolonged economic slump.

The Wall Street Journal writes that Sallie Mae claims it cannot make profitable loans.

The Wall Street Journal reports the Freddie Mae (FNM) will unveil a news package with lenders.

The Wall Street Journal writes that Cisco’s new acquisition program will allow companies it buys to operate as independent units.

The Wall Street Journal writes that GE’s (GE) embattled CEO defended his strategy for holding the company together.

The Wall Street Journal writes that  many hedge funds have moved into cash.

The Wall Street Journal writes that crude moved above $115.

The Wall Street Journal reports that AMR (AMR) had a loss as fuel prices surged.

The New York Times writes that retailers are stopping giving monthly sales figures.

The New York Times writes that researchers are concerned that plans for Google and Microsoft to store medical records could cause privacy problems.

The FT writes that CBS (CBS) will open a Silicon Alley office.

Douglas A. McIntyre

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