Reuters: BP plc’s (NYSE: BP) new CEO called the spill a “wake up call” for the oil industry.
Reuters: The IMF backed down on its comments about the yuan’s value.
Reuters: Google Inc. (NASDAQ: GOOG) is in talks to build a Facebook competitor.
Reuters: Hackers received information about how to listen in on cellphone calls.
Reuters: Apple Inc (NASDAQ: AAPL) unveiled a new line of Mac desktops.
Reuters: Walt Disney (NYSE: DIS) will buy social game company Playdom.
Reuters: Goldman Sachs Group (NYSE: GS) and Credit Suisse (NYSE: CS) bought into a Moscow bank.
WSJ: Businesses in Central and Eastern Europe are troubled by foreign currency debt.
WSJ: Very few assets of the “old” GM have been sold.
WSJ: BP talked about its plan to rebuild the company.
WSJ: Telephonica has raised its offer for a stake in Brazil’s Vivo Participacoe
WSJ: ArcelorMittal showed a profit.
WSJ: Public employees get better benefits than private ones.
WSJ: Improved earnings have not allayed consumer fears about the economy.
WSJ: LG Electronics profits fell.
WSJ: A telecom alliance will set up an applications business to compete with Apple’s (NASDAQ: AAPL).
WSJ: Mobile TV has struggled.
WSJ: Home prices moved up in May, but the improvement may be temporary.
WSJ: Consumer confidence fell earlier this month.
WSJ: BP plc may be able to shave $10 billion off its US tax budget
WSJ: A new bill in Congress would increase caps on the liabilities for energy spills
WSJ: PepsiCo (NYSE: PEP) is trying to increase demand for Quaker Oats.
WSJ: GM will have an initial price of $41,000 for its new Volt electric car.
WSJ: The Continental (NYSE: CAL)) merger with UAL (NYSE: UAUA) has moved closer to closing.
WSJ: GameStop will buy online games distributor Kongregate.
WSJ: DreamWorks Animation profits dropped.
WSJ: Canon’s profits rose.
WSJ: China’s sovereign wealth fund sold a stake in Morgan Stanley (NYSE: MS) probably to get its ownership under 10%.
WSJ: China is worried about billions of dollars in local government loans
WSJ: Moody’s upped its rating on E*Trade (NASDAQ: ETFC).
NYT: Oil on the surface of the Gulf is dissipating faster than projected.
NYT: Utilities have developed batteries to store off-again, on-again power from wind turbines.
Bloomberg; Germany’s short work policy which cut employee hours helped soften the blow of unemployment.
Douglas A. McIntyre
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