The Federal Reserve will begin monetary easing shortly. (Reuters)

Oracle (NASDAQ: ORCL) CEO Larry Ellison claims he can prove wrongdoing by Hewlett- Packard’s (NYSE: HPQ) new chief executive. (Reuters)

The International Energy Agency said commodity prices could raise due to QE2 which would hurt the US recovery. (Reuters)

New research by IBM (NYSE: IBM), Infineon, and several universities aims to build cellphone batteries with 10x the life of current versions. (Reuters)

News Corp (NYSE: NWS) will launch a new version of MySpace. (Reuters)

Apple Inc (NASDAQ: AAPL) said it would delay the launch of its white iPhone 4. (Reuters)

Cardinal denied buyout rumors. (Reuters)

Airgas said it is worth more than the $5.9 billion that has been offered for the company. (Reuters)

GlaxoSmithKline (NYSE: GSK) will pay a $750 million fine for manufacturing flaws in one of its drugs. (WSJ)

Warren Buffett of Berkshire Hathaway said Todd Combs is a perfect fit to run the firm’s investment portfolio. (WSJ)

Funds from loan losses helped large US banks post higher earnings. (WSJ)

Apple opened an app store in China (WSJ)

Dubai World creditors agreed to a restructuring. (WSJ)

Barnes & Noble (NYSE: BKS) launched a new version of the Nook e-reader. (WSJ)

Steel makers expect demand to soften for the balance of 2010. (WSJ)

The EU pushed China to open bidding for projects to more foreign companies. (WSJ)

Walmart (NYSE: WMT) urged India to open its retail markets. (WSJ)

Nissan is worried that the price of the yen will wipe out its profits. (WSJ)

Ebay (NASDAQ: EBAY) has set up systems which make it easier for e-commerce transactions from phone and the purchase of multimedia. (WSJ)

The CFTC may probe the silver market. (WSJ)

The US may help Goldman Sachs Group (NYSE: GS) from disclosing its trading systems during the trial of a programmer. (WSJ)

Short selling declined on the NYSE and NASDAQ. (WSJ)

Ebay launched a new customer protection service. (NYT)

Pressure on Russian email spam operators have cut the global problem. (NYT)

Europe and the US may join forces to protect access to rare metals. (NYT)

The US and China are closer to a deal on trade. (FT)

MySpace will become a social entertainment hub. (FT)

JP Morgan (NYSE: JPM) cut a $6 billion deal to enter the hedge fund business in Brazil. (FT)

Deutsche Bank (NYSE: DB) posted a quarterly loss on its position in Postbank. (Bloomberg)

Moody’s says US companies hold over $1 trillion of cash, some due to worries about the economy. (Bloomberg)

Douglas A. McIntyre

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