Reuters: UBS (UBS) shares may fall when the Swiss government sells out.
Reuters: The US deficit estimate was trimmed to $1.59 trillion.
Reuters: A homeowner sued Wells Fargo (WFC) over a credit line.
Reuters: AIG (AIG) was sued by policyholders over the Madoff fraud.
Reuters: Wall St. is worried about the pay czar’s ability to claw back old compensation.
Reuters: The US “clunkers” program may end by early September.
Reuters: GM and Magna will meet about Opel.
Reuters: Rio Tinto (RTP) gave a good forecast when it announced earnings.
Reuters: Fidelity said its assets and inflows are rising.
Reuters: A UPS (UPS) worker sued the firm for overtime pay.
WSJ: Outplacement firms are having trouble doing their jobs.
WSJ: The SEC is playing catch up in terms of following Wall St.’s new technology.
WSJ: Spanish bank BBVA won a U.S. government auction for Guaranty Financial.
WSJ: Southwest (LUV) which lost the Frontier deal, is looking for new M&A candidates.
WSJ: Google’s (GOOG) YouTube is pushing ways to make more money from ads and online content.
WSJ: Short sellers are moving into VW again.
WSJ: GM killed a new crossover it was planning to build.
WSJ: Profits at China Mobile (CHL) rose.
WSJ: CBS (CBS) will put video ads into a magazine for the first time.
WSJ: New apps are fueling smart phone revenue.
WSJ: Small firms are losing workers quickly.
WSJ: The stock market rally is ignoring the job market.
WSJ: Hedge funds are increasing their focus on China.
WSJ: Fidelity assets rose 8% to $2.8 trillion.
WSJ: Newspaper companies are attracting investors but their earnings improvement may not last.
WSJ: Nokia (NOK) needs to improve smartphone sales to turnaround its earnings.
WSJ: A federal judge upheld Merck’s (MRK) Singulair patent.
WSJ: Nokia (NOK) is trying to make handsets more affordable in India.
NYT: Bernanke can’t shake critics.
NYT: Toyota (TM) is falling behind other companies in an effort to make electric cars.
NYT: The FDA warned J&J (JNJ) on an antibiotic drug.
NYT: BJ’s Wholesale and Limited Brands both beat estimates.
NYT: Monsanto and DuPont have increased their rivalry in the seed business.
FT: “A coalition of large US state pension funds has backed the private equity industry’s opposition to new rules on takeovers of troubled lenders.”
FT: The Shanghai Composite and S&P now have an 80% correlation.
FT: Hedge funds are betting natural gas prices will triple.
Douglas A. McIntyre
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