MarketWatch: A number of economists now expect Q2 GDP to be below 2%.
Reuters: BP plc’s (NYSE: BP) CEO Tony Hayward is expected to resign.
Reuters: Hayward will leave with $10 million.
Reuters: Europe’s economic prospects are improving as those in the US drop.
Reuters: Google’s (NASDAQ: GOOG) market share in China is down amid gains by rival Baidu (NASDAQ: BIDU).Reuters: Russia plans a $29 billion asset sale.
WSJ: Madoff investors who made money on their capital will be sued by those who lost.
WSJ: Companies which say they are expanding have been sold off by investors.
WSJ: Europe’s banks must raise money now that stress test are over.
WSJ: Google and Microsoft Corporation (NASDAQ: MSFT) have begun to sell cloud-based email to the government.
WSJ: Genzyme may have several bidders.
WSJ: Korean consumers are upset about delays in availability of the Apple (NASDAQ: AAPL) iPhone 4.
WSJ: The United Arab Emirates say that the Research In Motion (NASDAQ: RIMM) BlackBerry is a research risk.
WSJ: Microsoft has reached a deal with ADM to build software using its chips.
WSJ: Website WikiLeaks released thousand of documents about the Afghanistan war.
WSJ: Deflation may be a threat to US economy but experts have little idea of the cause.
WSJ: Polo Ralph Lauren will take over its own distribution in South Korea.
WSJ: Major media companies may use the iPhone as the basis of a study about consumer media habits.
WSJ: Zero-coupon Treasuries have been an exceptional investment.
WSJ: The FDIC will sell $409 million in mortgage bonds collected from failed banks.
WSJ: HSBC (NYSE: HBS) and Total will partner to set up an energy trading operation.
NYT: Employers are keeping headcount down to keep margins up.
NYT: Biotech firms are exploring whether algae can be used widely as fuel.
FT: The FCIC may make a huge audit of Goldman Sachs Group (NYSE: GS) derivatives trading documents.
FT: Shale resources may help China with its energy demand.
FT: Private equity investment have underperformed.
Bloomberg: EU stress tests may have been an opportunity to strengthen backs, if done properly.
Bloomberg: Shipping prospects may improve as China needs more ore.
Bloomberg: The deficit is not hurting US fund-raising because yields are so low.
Douglas A. McIntyre
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