The IEA and OPEC disagreed about the size of oil reserves. (Reuters)
Greece has an agreement with the EU and IMF along with new austerity plans. (Reuters)
A Reuters poll says most forecasters have dropped estimates for stock gains. (Reuters)
Oracle’s (NASDAQ: ORCL) hardware sales dropped and its shares fell after earnings. (Reuters)
The US government has started an antitrust investigation into Google’s (NASDAQ: GOOG) search share. (Reuters)
JP Morgan (NYSE: JPM) has dropped a large number of lawsuits to recoup credit cars balances. (WSJ)
EU leaders prevented Greece from renegotiating loans. (WSJ)
Apple (NASDAQ: AAPL) was approved by the government to bid for Nortel patents. (WSJ)
EU bank stress tests will cause financial firms to more carefully account for the value of sovereign debt. (WSJ)
The Obama decision to release oil reserves was caused by high gas prices. (WSJ)
Lagarde said emerging economies would play a larger role in IMF decisions and policies. (WSJ)
Viacom (NYSE: VIA) sued Cablevision (NASDAQ: CVC) over an app the streams live TV. (WSJ)
Geely Automotive will open a second plant Volvo plant in China. (WSJ)
Airbus got a record 200 A320neo order from AirAsia. (WSJ)
Ford’s (NYSE: F) quality dropped in a new JD Power survey. (WSJ)
Nissan said it could make money on electric cars by 2014. (WSJ)
The Consumer Financial Protection Bureau picked six sectors which could be supervised by the agency. (WSJ)
Carlyle raised only $1 billion in an IPO which priced below expectations. (FT)
Oracle said M&A has become too costly. (FT)
Twitter plans to add more visible advertising. (FT)
The board of Yahoo! (NASDAQ: YHOO) said it supported CEO Carol Bartz (FT)
Facebook appointed the chief of NetFlix (NASDAQ: NFLX) to its board. (Bloomberg)
Sears Holdings Corp. plans to spin off its home improvement unit, Orchard Supply Hardware, as a separate publicly traded company. (various)
Apple (NASDAQ: AAPL) will launch the iPhone on China Mobile (NYSE: CHL) later this year. (various)
Douglas A. McIntyre
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