The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters)
A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs. (Reuters)
The SEC and Citigroup (NYSE: C) may win an appeal of their fraud settlement case. (Reuters)
The S&P 500 rises above 1,400 for the first time since the credit crisis. (Reuters)
Geithner says the economy is improving but oil prices are worrisome. (Reuters)
Facebook calls in bankers for a pre-IPO briefing. (Reuters)
SAP (NYSE: SAP) to move into the database software business. (Reuters)
Major components of the new iPad were made by Qualcomm (NASDAQ: QCOM) and Samsung. (Reuters)
Goldman Sachs (NYSE: GS) and other banks may buy AIG’s (NYSE: AIG) toxic assets. (WSJ)
The U.S. and EU will examine Google’s (NASDAQ: GOOG) move to bypass privacy settings in the Apple Safari browser. (WSJ)
AMR is concerned that as it stays in Chapter 11 it may be taken over or broken up. (WSJ)
Chevron (NYSE: CVX) says oil is leaking in a well off Brazil. (WSJ)
A large boom in shale gas cuts back U.S. plans for more nuclear reactors. (WSJ)
Ford (NYSE: F) extends a $9 billion credit line until 2012. (WSJ)
Sprint Nextel (NYSE: S) to end its partnership with troubled LightSquared. (WSJ)
The CFTC will increase its monitoring of rapid trades. (NYT)
Analysts raise price targets for Apple because of iPad sales. (FT)
Italy pays Morgan Stanley (NYSE: MS) $3.4 billion to exit a bet on the nation’s interest rates. (Bloomberg)
Moody’s cuts Nomura to its lowest rating grade. (Bloomberg)
Douglas A. McIntyre
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