MarketWatch:   Shanghai closed down 2% and Europe is weak

MarketWatch:   The euro hit a four year low against the dollar.

Reuters:   BP plc (NYSE; BP) says it is making progress with the leak.

Reuters:   Volcanic ash has grounded hundreds of fights in the UK

Reuters:   MaterCard (NYSE: MA) is fighting to keep credit card fees.

Reuters:   Exports and the weak euro may help Greece.

Reuters:   Oil fell below $70.

Reuters:   Apple Inc’s (NASDAQ: AAPL) is replacing the Research-in-Motion (NASDAQ: RIMM) Blackberry among some bankers.

Reuters:   Google Inc (NASDAQ: GOOG) says it mistakenly collected data from some wireless users.

Reuters:   China’s Tencent is looking for internet acquisitions.

Reuters:   The US will hire an adviser to dispose of its GM shares.

WSJ:   Prudential plc launched its $21 billion rights offering to buy AIA from American International Group (NYSE: AIG).

WSJ:   Sovereign wealth funds cut down investments levels last year.

WSJ:   Knauf Plasterboard Tianjin settled with Beazer Homes (NYSE: BZH) over defective wall board.

WSJ:   CEOs who used new tactics during the recession at keeping them

WSJ:   GM has not benefitted from union concessions made three years ago.

WSJ:   It has become difficult to make bioidentical generic versions of biotech drugs.

WSJ:   Eastman Kodak’s (NYDE: EK) marketing head will leave.

WSJ:   The Europe debt problem is hurting corporate bonds as investors move into Treasuries.

NYT:   The European crisis could spread to be banks.

NYT:   The role of high frequency traders is drawing interest from regulators.

NYT:   Management at Google’s YouTube say that feature-length video is drawing more viewers.

NYT:   Foreign companies are fighting China restrictions.

NYT:   The pressure is growing on Spain to curb digital privacy

FT:   The Democrats say that they are open to talks on derivatives.

FT:   Germany is called for more budget discipline among Eurozone nations.

FT:   Some hedge funds were badly hurt by market volatility.

FT:   KMPG and PwC may challenge Moody’s (NYSE: MCO) and S&P in the ratings business.

FT:   Google, Intel (NASDAQ: INTC), and Sony (NYSE: SNE) will launch an internet TV venture.

Bloomberg:   Oil spill lawsuits are rising quickly.

Douglas A. McIntyre

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