Reuters: The Chinese president told Obama that the nation will make its own decision on the yuan.

Reuters:   Growth and cheap phones were key to Q1 industry growth.

Reuters:   Twitter will start to sell ads.

Reuters:   Oil fell for a fifth session on high supply.

Reuters:   Infosys said it was cautious about the economic recovery.

Reuters:   The US deficit will be down in the first half, according to The Washington Post.

Reuters:   The head of Google (GOOG) said the company tends to create enemies.

Reuters:   China expects import strength and an export struggle.

WSJ:   Twitter will start to roll out ads.

WSJ:   Regulators have said little about Washington Mutual’s collapse.

WSJ:   Alcoa (AA) reported a smaller first quarter loss.

WSJ:   The FDIC is expected to extend unlimited guarantees for deposits by businesses.

WSJ:   Banks have come out against a plan to reduce mortgage principals.

WSJ:   China extended its crude reach with an oil sands deal.

WSJ:   AIG (AIG) disclosed its pay packages.

WSJ:   Microsoft’s (MSFT) new handset targets young people.

WSJ:   UBS (UBS) said it sees a profit.

WSJ:   Palm (PALM) is looking for a buyer.

WSJ:   MasterCard (MA) named a new CEO.

WSJ:   Medical schools say there won’t be enough doctors to treat people due to health care reform.

WSJ:   The 18th annual airline quality study shows Hawaiian Air ranks first.

WSJ:   Morgan Stanly (MS) is trying to turn around its trading business.

WSJ:   Short interest on Nasdaq fell.

WSJ:   Avon (AVP) suspended executives as part of a bribery investigation.

WSJ:   GM expects a growing revenue lift from China.

NYT:   Lehman moved investments off its books to a small firm it controlled.

NYT:   Apple (AAPL) is putting new restrictions on App developers.

FT:   Doubts over Greece have resurfaced.

FT:   GM and VW raised their China sales forecasts.

Bloomberg: Analysts thing China will let the yuan float before June 30.

Bloomberg:   JPMorgan’s (JPM) profits may fall on credit card and home loan losses.

Bloomberg:   PIMCO is worried about deflation.

Douglas A. McIntyre

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