According to Reuters, US car sales hit a 15 year low.

Reuters writes that Paulson said the US is facing a tough Q2.

Reuters reports that Starbucks (SBUX) will close 600 stores and cut 12,000 people.

Reuters reports that the Nikkei hit its longest losing streak in 43 years.

Reuters reports that a judge ruled that Wal-Mart (WMT) violated Minnesota labor laws.

Reuters reports that Cisco (CSCO) will invest in Russian tech start-ups.

The Wall Street Journal writes that Microsoft (MSFT) is seeking buyers to put together a new deal to buy Yahoo! (YHOO).

The Wall Street Journal reports that GM (GM) stock has dropped 73% since Rick Wagoneer took over as CEO.

The Wall Street Journal writes that construction loans are starting to hurt banks.

The Wall Street Journal writes that Deustche Bank (DB) expects a profit in Q2.

The Wall Street Journal writes that Moody’s disciplined a number of employees

The Wall Street Journal reports that Blockbuster (BBI) dropped its bid for Circuit City (CC).

The Wall Street Journal writes that the Dish Network with AT&T (T) will end.

The Wall Street Journal writes that Microsoft (MSFT) bought search start-up Powerset Inc

The Wall Street Journal says AT&T (T) will offer an Apple (AAPL) iPhone without a contract.

The New York Time writes that a falling economy will hurt the labor market well into 2009.

The New York Times reports that the International Energy Agency says demand for oil will grow despite high prices.

The New York Times writes that a Google (GOOG) deal with Yahoo! will face antitrust review.

The FT reports that the former head of AIG (AIG) will get $47 million.

Douglas A. McIntyre

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