According to Reuters, Goldman Sachs (GS) would like to return to its old businesses and compensation practices, but it may not be able to.

Reuters reports that the US is planning to reveal the “stress test” data on top banks.

Reuters writes that Fiat could abandon the Chrysler deal because of union issues.

Reuters writes that UBS (UBS) is cutting 8,700 jobs.

Reuters reports that the Fed is considering press conferences to keep the public up to speed.

Reuters reports that China has felt first quarter pain but is now on the mend.

Reuters writes that Intel (INTC) says PC sales have hit bottom but its shares dropped.

Reuters reports that Calpers is looking at Citi TARP-related assets.

The Wall Street Journal reports that questions have arisen about the credentials of Danny Pang, the head of Private Equity Management Group.

The Wall Street Journal writes that JP Morgan (JPM), Wells Fargo (WFC) and others are stepping up foreclosures which could push the housing market down more.

The Wall Street Journal reports that AT&T (T) is pressing to extend its deal with Apple (AAPL) to be the exclusive marketer of the iPhone in the US.

The Wall Street Journal reports that Yahoo! (YHOO) plans new layoffs.

The Wall Street Journal reports that the profit at Infosys moved up 29%.

The Wall Street Journal reports that hospitals and drug makers are increasing fees.

The Wall Street Journal reports that UBS will start a fund to buy emerging-market distressed assets.

The Wall Street Journal reports that some refineries will close due to falling demand.

The Wall Street Journal reports that eBay (EBAY) plans an IPO of Skype.

The Wall Street Journal reports that broadband stimulus dollars are up for grabs.

The Wall Street Journal writes that sales tax revenue is falling at the most rapid rate in years.

The Wall Street Journal reports that Citigroup (C) will not issue 4.4 million new shares until Friday which will prolong the “short squeeze” that has helped its stock.

The Wall Street Journal reports that Dendreon (DNDN) says it new cancer drug prolongs life.

The Wall Street Journal reports that Cargill’s profit dropped 68% on weak demand.

The Wall Street Journal reports that Shell is cutting back on China projects.

The New York Times reports that the Administration will reveal data on the top 19 banks.

The New York Times writes that US banks are planning to use an arrangement with the FDIC to issue cheap debt.

The New York Times reports that public pension managers are rethinking ties with hedge funds.

The New York Times reports that ad declines of as much as 30% could wipe out profits at a large number of newspapers.

The New York Times reports that a new company is setting up a system to help newspaper charge for online content.

The FT reports that hackers are increasing the rate at which they steal financial data.

The FT reports that car parts companies are going to request more aid.

The FT reports that Goldman Sachs (GS) has set up $164 billion in funds to buy distressed assets.

Bloomberg reports that S & P (MHP) is defencing a compensation system that regulators say causes conflicts.

Douglas A. McIntyre

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