Goldman Sachs (NYSE: GS) begins staff cuts as part of an annual review process. (Reuters)
The Obama Administration is expected to help U.S. solar panel makers in a trade war with China. (Reuters)
The S&P 500 is within 10% of its record high. (Reuters)
Amazon.com (NASDAQ: AMZN) will buy Kiva Systems for $775 million. (Reuters)
A study by Appcelerator shows app developers moving more effort to Apple (NASDAQ: AAPL) and away from Google’s (NASDAQ: GOOG) Android and Research In Motion (NASDAQ: RIMM). (Reuters)
Facebook’s underwriters will get a fee of only 1.1% of IPO proceeds. (Reuters)
Republicans will target tax cuts and the creation of only two tax rates. (WSJ)
Chevron (NYSE: CVX) executives in Brazil face criminal charges over a leak. (WSJ)
Glencore is near a deal to buy Viterra. (WSJ)
BHP Billiton (NYSE: BHP) says China’s demand for iron ore has flattened. (WSJ)
Moody’s may downgrade General Electric (NYSE: GE) and its financial arm. (WSJ)
Europe labor unions ask General Motors (NYSE: GM) to discuss the company’s plans over the next four years. (WSJ)
Many small customers shun Google’s maps because of fees. (NYT)
Saudi Arabia begins to export more oil to the U.S. and to open older oil fields to help ease the crude crisis. (FT)
The Commodities Futures Trading Commission will more carefully oversee the $300 trillion swaps markets. (FT)
China raises prices for gasoline and diesel for the second time in two months; China Petroleum (NYSE: SNP) and PetroChina (NYSE: PTR) lobbied for the move to help profits. (Bloomberg)
Microsoft (NASDAQ: MSFT) to launch Windows 8 in October. (Bloomberg)
Douglas A. McIntyre
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