A report from the Senate Permanent Subcommittee on Investigations accuses Goldman Sachs Group (NYSE: GS) of selling weak financial securities and betting against the interests of its clients. (Reuters)
Glencore will raise up to $11 billion with its IPO which will be listed in Hong Kong and London. (Reuters)
Apple’s (NASDAQ: AAPL) suppliers have begun to make white iPhones. (Reuters)
BP plc (NYSE: BP) and Russian owned oil company Rosneft extended the deadline for making a deal to drill in the Arctic. (Reuters)
Toys “R” Us will probably have its IPO in July. (Reuters)
The US investigated whether large banks worked together to manipulate the Libor. (WSJ)
US regulators began the sanctions of banks which allowed illegal foreclosure practices (WSJ)
China’s Citic will raise $1.5 billion. (WSJ)
The NYSE (NYSE: NYX) may offer a dividend to close and M&A deal with Deutsche Boerse. (WSJ)
Warner Music (NYSE: WMG) plans to sell itself intact. (WSJ)
The Bank of Ireland reported lower loan losses last year. (WSJ)
A high euro could hurt the rescues of Portugal and Ireland. (WSJ)
Dynegy hired restructuring experts to avoid bankruptcy. (WSJ)
MGM Resorts will take majority interest in its Macau venture. (WSJ)
Nokia Siemens may seek private equity capital. (WSJ)
The global demand for PCs fell in the first quarter. (WSJ)
American Air (NYSE: AMR) sued Orbitz over anti-competitive practices. (WSJ)
Web advertising passed newspapers for the first time, according to the Interactive Advertising Bureau (WSJ)
China’s GDP growth rate has become harder to determine. (WSJ)
The US will ask emerging nations to help curtail certain financial practices encouraged by China. (NYT)
Erectile drug manufacturers are improving products as generics come to market. (NYT)
The Beige Book says that the economy is still recovering nicely. (NYT)
A rise in the price of silver and gold has stoked concerns about inflation. (FT)
Obama suggested a budget plan to cut the deficit by $4 trillion over the next ten years. (FT)
A goal of Greece to return to the capital markets may be delayed a year. (FT)
Tepco says plans to make its nuclear plant more stable may take three months or more. (Bloomberg)
The heads of BRIC nations say commodities price changes could undermine growth. (Bloomberg)
Douglas A. McIntyre
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