General Motors (NYSE: GM) will target a 10% profit margin over the next several years. (Reuters)
Glencore offers an 8% deal to close a buyout of Xstrata. (Reuters)
HTC has trouble demonstrating that its stock is worth its premium. (Reuters)
The head of Deutsche Boerse says there will be industry consolidation despite the failure of a deal with NYSE Euronext (NYSE: NYX). (Reuters)
U.S. corporate profits for the past quarter were choppy. (WSJ)
Greek leaders still have not settled disagreements to close a round of financing. (WSJ)
Federal and state prosecutors are set to settle a mortgage fraud deal with five banks. (WSJ)
A JPMorgan (NYSE: JPM) banker will be named head of the FDIC. (WSJ)
Chinese leaders offer aid to the EU but try to make certain it is understood they do not want to “takeover” European finances. (WSJ)
The International Monetary Fund cuts its target for China GDP growth. (WSJ)
Las Vegas Sands (NYSE: LVS) and Malaysia’s Genting continue to press for casinos in Florida. (WSJ)
The National Automobile Dealers Association says used car prices could rise 1.2% in 2012. (WSJ)
Activists get Hewlett-Packard (NYSE: HPQ) to agree to a deal that would make it easier for shareholders to push out board members. (WSJ)
Individual investors take on more risk because of low bond yields. (WSJ)
Retail shoppers likely will cut activity. (WSJ)
High Chinese export prices help Mexico. (WSJ)
An increasing number of print and online media turn to video content. (NYT)
Facebook has not found a way to make money on its mobile users. (NYT)
Greece says it would cut its budget further to get a rescue package. (NYT)
The European Central Bank will challenge capital structures of a number of the region’s banks. (FT)
Iran may not cut oil supplies to Europe as it said it would. (FT)
Global sales of junk bonds hit record levels. (FT)
The IMF says China’s growth could drop 4% from the current projection of 8.2% if global economic problems persist. (Bloomberg)
Many hedge funds will be hurt badly if their bets on Greece go wrong. (Bloomberg)
Indonesia’s economy hits its best growth rate since 1996. (Bloomberg)
The ECB may drop some sovereign debt demands for the region’s banks. (Bloomberg)
Douglas A. McIntyre
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