Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters)

The prime minister of China says the government will speed up economic reforms to cushion the economy. (Reuters)

The European Union and International Monetary Fund say Greece needs still more austerity. (Reuters)

A Reuters poll shows most people favor a “Buffett tax” for the rich. (Reuters)

The Nasdaq hits 3,000 for the first time since December 2000. (Reuters)

An Oracle (NASDAQ: ORCL) IP suit against Google (NASDAQ: GOOG) will begin later this year. (Reuters)

LG supplies the display panels for the new Apple (NASDAQ: AAPL) iPad. (Reuters)

Chinese wage hikes begin to influence worker pay throughout developing nations in Asia. (WSJ)

China defends its policy on export quotas for rare earth metals. (WSJ)

The number of megawatts of solar power doubles in 2011 from the previous year, based on research from the Solar Energy Industries Association. (WSJ)

A drop in natural gas prices and drilling cuts tax revenue in many places that drilling takes place. (WSJ)

The jobless rates fall in several key states, according to government data. (WSJ)

Finance ministers in Europe press Spain to cut government costs. (WSJ)

Fuel costs trouble earnings results at Southwest (NYSE: LUV) and cause capacity cuts at United Continental (NYSE: UAL). (WSJ)

China buys huge amounts of U.S. corn. (WSJ)

Research firm Climate Central says a rise in sea levels threatens much of the U.S. coastal areas. (NYT)

Douglas A. McIntyre

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