According to Reuters, the Administration has forced GM (GM) CEO Rick Wagoner out of his job.
Reuters reports that in an FT interview Obama said the G-20 nations should send a strong message of unity.
Reuters reports that the WSJ writes that regulators are looking for ways that Fannie Mae (FNM) and Freddie Mac (FRE) might help small mortgage banks.
Reuters reports that the Organization for Economic Cooperation and Development said G8 countries could have double-digit unemployment in about a year.
Reuters reports that Geithner would not say if there will be a need for more bank bailout money.
Reuters reports that AIG (AIG) is delaying funds to some of the real estate ventures with which it has contracts.
Reuters reports that Obama told bank CEOs that high bonuses are unacceptable.
Reuters reports that UBS (UBS) is facing more write downs and layoffs.
The Wall Street Journal reports that the Administration is using the threat of withholding money for GM and Chrysler as a way to force restructuring. The government said that Chrysler should make a deal with Fiat and that Chapter 11 was an option.
The Wall Street Journal reports that Fifth Third Bank will sell a stake in its payment unit.
The Wall Street Journal reports that Ebay’s (EBAY) Skype will launch and application for the Apple (AAPL) iPhone.
The Wall Street Journal writes that splitting the roles of CEO and chairman is gaining momentum.
The Wall Street Journal reports that the chief of Peugeot was forced out.
The Wall Street Journal reports that the CEO change at GM raises the issue of whether the same thing will happen at banks.
The Wall Street Journal reports that an Abbott Labs (ABT) stent showed promise in trials.
The Wall Street Journal reports that RIM’s (RIMM) push into the consumer markets is hurting margins.
The Wall Street Journal reports that some investors still believe that emerging markets can dodge a deep downturn.
The Wall Street Journal writes that bond purchases by the Fed will weigh on yields.
The Wall Street Journal reports that China’s real estate market is risky.
The Wall Street Journal reports that some investors see an awful Q1 earnings season as a dark period before the dawn.
The Wall Street Journal reports that Sam Zell in looking to Brazil’s real estate market to change his luck.
The Wall Street Journal reports that Sinopec’s (SNP) earnings dropped 47%.
The New York Times reports that demographics and the economy are hurting chances for a recovery at The San Francisco Chronicle.
The New York Times reports that the rising power of China is threatening the role of the US in the IMF.
The New York Times reports that video game makers much face the reality that games are moving to smartphones and the internet.
The New York Times reports that “The Huffington Post that it would bankroll a group of investigative journalists and make the nation’s economy an initial priority for coverage.” Work that the journalists produce will be available for any publication or Web site to use at the same time it is posted on The Huffington Post.
The FT reports that Citigroup (C) will look for bids for its Nikko Cordial operation.
The FT reports that GE (GE) sees its first glimmer of hope in the economy.
The FT reports that M&A volume is down 36% in the first quarter.
Bloomberg reports that Geithner said some banks will need a large amount of money.
Douglas A. McIntyre
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