According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults.
Reuters reports that VW may overtake Toyota (TM) as the No.1 car company in the world in Q1.
Reuters writes that Google (GOOG) profits beat expectations.
Reuters reports that Fed official see signs of improvement in the economy.
Reuters reports that US businesses are worried that the China stimulus package favors local companies.
Reuters reports that a bankruptcy judge said a GM (GM) bankruptcy would have to be done quickly.
Reuters writes that Icahn is pushing for an MGM Grand (MGM) bankruptcy.
Reuters reports that Starwood sued Hilton for taking confidential information.
The Wall Street Journal reports that “Steven Rattner, leader of the auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal probe into an alleged kickback scheme at New York state’s pension fund.”
The Wall Street Journal reports that Chrysler’s CEO says he and the board will be replaced.
The Wall Street Journal writes that buyers are bidding for Polaroid’s remains.
The Wall Street Journal reports that manufacturing and housing are still weak.
The Wall Street Journal writes that small creditors hurt mall owners.
The Wall Street Journal reports that the Rosetta Stone IPO jumped 40%.
The Wall Street Journal reports that unions are stepping up their efforts at Wal-Mart (WMT).
The Wall Street Journal reports that JPMorgan (JPM) plans to repay TARP funds.
The Wall Street Journal writes that GM (GM) is being pressed to close the GMC brand.
The Wall Street Journal reports that Google’s (GOOG) YouTube will add feature length shows and movies to compete with rival Hulu.
The Wall Street Journal writes that the DOJ is seeking to extend its oversight of Microsoft (MSFT).
The Wall Street Journal reports that Verizon (VZ) is looking a the possibility of buying foreign assets.
The Wall Street Journal reports that bond traders are still bearish on Citigroup (C).
The Wall Street Journal reports that Bank of America (BAC) is being pushed to break the CEO and Chairman’s roles.
The Wall Street Journal reports that bank stress test results are due on May 4.
The Wall Street Journal reports that China’s return to rapid growth may be W-shaped and not V-shaped.
The Wall Street Journal reports that Gannett (GCI) sees no improvement in advertising.
The Wall Street Journal writes that Borders (BGP) plans to put in a new board.
The Wall Street Journal reports that the CEO of Southwest Air (LUV) says he is not ready to call a bottom.
The Wall Street Journal reports that Nokia (NOK) sees demand stabilizing.
The New York Times reports that the CEO of AIG (AIG) owns at large stake in Goldman Sachs (GS).
The New York Times reports that claims from unions, creditors, and suppliers would draw out a GM (GM) bankruptcy.
The New York Times reports that Glaxo and Pfizer (PFE) are joining forces to develop HIV drugs.
The New York Times reports that Chrysler may be near a deal on retiree health care.
The FT reports that GM (GM) is seeking provisions from its suppliers.
The FT reports that Google’s (GOOG) 11-year growth spurt has ended.
Bloomberg writes that “The Obama administration’s bank- rescue efforts will probably fail because the programs have been designed to help Wall Street rather than create a viable financial system, Nobel Prize-winning economist Joseph Stiglitz said.”
Douglas A. McIntyre
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