NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS), Credit Suisse (NYSE: CS), Merrill Lynch, Credit Agricole, and Citigroup (NYSE: C).
Reuters: SAP (NYSE: SAP) will buy Sybase for $5.8 billion.
Reuters: Spain joined the austerity program of weak European economies.
Reuters: Foreclosures in the US leveled in April.
Reuters: Gold hit a //new record and the gold ETF hit an all-time high.
Reuters: Microsoft Corporation (NASDAQ: MSFT) launched a new version of Office to compete with Google Inc. (NASDAQ:GOOG)
Reuters: Ford Motor Company (NYSE: F), Mazda, and a local partner will dissolve a partnership in China.
WSJ: The probe of Wall St. moved to include possible criminal charges against JP Morgan Chase & Co. (NYSE: JPM), Citigroup, Deutsche Bank, and UBS.
WSJ: Many firms which were once bankrupt are becoming good investments.
WSJ: Greek shippers have not been hurt by the country’s economy.
WSJ: Problems in Europe may delay Fed rate hikes.
WSJ: The American International Group Inc (NYSE: AIG) is probing the sale of CDOs.
WSJ: Sony (NYSE: SNE) expects to return to a profit.
WSJ: International Business Machines (NYSE: IBM) is increasing its reliance on software.
WSJ: Sprint-Nextel’s (NYSE: S) first 4G phone will be for sale in June.
WSJ: GM may put its OnStar service on Google phones.
WSJ: There were early warnings of the explosion on the Deepwater Horizon.
WSJ: Cisco, Inc’s (NASDAQ: CSCO) net rose sharply.
WSJ: Green Mountain bought Diedrich Coffee.
WSJ: Fear about the economy has driven stocks down.
WSJ: The International Energy Agency dropped its oil demand forecasts.
WSJ: The IMF bailout suggests that Europe went to the lender of last support.
NYT: Sony’s (NYSE: SNE) annual loss fell.
NYT: The UAW wants to share in the success of the profits of American car companies.
NYT: BP plc (NYSE: BP) may be closer to capping the leak in the Gulf.
FT: Documents show that BP plc and Transocean Ltd (NYSE: RIG) missed warning signs on the Deepwater Horizon.
FT: The deal for Prudential UK to buy AIA is back on track.
FT: Facebook is facing more privacy issues.
Bloomberg: US home foreclosures reached a record.
Bloomberg: HTC filed more patent lawsuits against Apple Inc. (NASDAQ: AAPL)
Bloomberg: The iPad has drawn interest from China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU)
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks