According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress.
Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by the Treasury to keep quiet about Merrill Lynch’s troubles.
Reuters reports that US existing home sales probably slipped in March.
Reuters writes that the Treasury has made a new offer to Chrysler’s creditors.
Reuters reports that the founder of News Corp’s (NWS) MySpace will step down.
Reuters writes that Toyota’s (TM) first quarter sales fell 27%.
Reuters reports that Apple (AAPL) profits beat expectations.
Reuters reports that Credit Suisee (CS) posted a better-then-expected Q1 profit.
Reuters reports that eBay (EBAY) beat Wall St estimates.
Reuters reports that the government will look at tangible common equity in its stress tests.
The Wall Street Journal reports that New York State is taking aim at pension agents.
The Wall Street Journal reports that the recession in Europe is worse than the US.
The Wall Street Journal reports that employers are making cuts even when the believe the recession is bottoming.
The Wall Street Journal reports that Morgan Stanley (MS) posted a loss.
The Wall Street Journal reports that the government and banks agree that stress tests show billions of dollars in losses at financial firms are very likely.
The Wall Street Journal writes at GE (GE) says it is braced for a long, tough economic period.
The Wall Street Journal reports that GM (GM) will close most of its plants this summer.
The Wall Street Journal reports that VMWare’s (VMW) rapid growth is slowing.
The Wall Street Journal reports that Rep Frank is slowing a bill that would allow the government to put large financial firms into receivership.
The Wall Street Journal reports that homeowners are rushing to refinance mortgages.
The Wall Street Journal reports that bidding wars are starting over foreclosed properties.
The Wall Street Journal reports that “if jobless claims can stay below their March 28 peak of 674,000, then history would suggest the recession might be nearly over.”
The Wall Street Journal reports that WellPoint provided data that the number of Americans without health insurance is rising sharply.
The Wall Street Journal reports VW’s net income fell sharply.
The Wall Street Journal reports that as Wells Fargo (WFC) posted good earnings it said nothing about paying back TARP funds.
The Wall Street Journal reports that results from AT&T (T) indicate that the wireless business is holding up.
The Wall Street Journal reports that Boeing (BA) cut its outlook.
The Wall Street Journal reports that Qualcomm (QCOM) and Broadcom (BRCM) are in advanced talks to settle their legal differences.
The New York Times reports that summer driving could push up oil prices.
The New York Times reports that the global economy is the worst it has been since 1945.
The New York Times reports that banks will have until Tuesday to dispute results of stress test.
The FT reports that the IMF sees a sluggish recovery in 2010.
The FT reports that Geithner hopes intervention will only be short-term.
Bloomberg reports that the US may reveal each bank’s capital needs after stress tests are completed.
Bloomberg reports that Ford (F) may avoid using bailout funds after what will be its largest first quarter loss in years.
Douglas A. McIntyre
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