Nasdaq (NASDAQ: NDAQ) will announce what compensation it will give Facebook (NASDAQ: FB) brokers. (Reuters)
The European Union continues to look at ways to help the region’s damaged banks. (Reuters)
Spain says it has lost access to credit markets as the prospects of its banks crumble. (Reuters)
The CEO of Chesapeake Energy (NYSE: CHK) hires a high-profile lawyer to represent him as the government looks into $1.3 billion in personal loans he took. (Reuters)
Some Fed officials are still against further easing. (Reuters)
Nokia (NYSE: NOK) launches inexpensive touchscreen handsets. (Reuters)
The Fed looks at ways to stimulate the economy if its falters more. (WSJ)
Federal officials begin an examination of JP Morgan’s (NYSE: JPM) disclosures ahead of its large trading losses. (WSJ)
U.S. cellular carriers will force customers to flat fee instead of flexible fee programs. (WSJ)
Facebook begins a new push to mobile ads. (WSJ)
Nintendo hopes to gain sales with a multiscreen product. (WSJ)
Germany faces more pressure on how it may aid the region’s weak economies. (WSJ)
Financial ministers from G7 nations press Europe to more aggressively attack debt problems. (WSJ)
A Congressional Budget Office report says the finances of the United States and growing debt are worse than previously forecast. (WSJ)
Johnson & Johnson (NYSE: JNJ) to stop selling women’s surgical mesh products. (WSJ)
TransCanada (NYSE: TRP) will build a pipeline to transport natural gas to British Columbia, and Royal Dutch Shell (NYSE: RDS-A) will be the main customer. (WSJ)
The heads of Emirates and Qantas say the airline industry’s financial picture will force further cuts. (WSJ)
Ron Burkle’s Yucaipa cuts its 20% ownership in Barnes & Noble (NYSE: BKS). (WSJ)
Greece says it could collapse financially because of poor tax receipts to the government. (NYT)
People with only a high school education have immense trouble finding jobs. (NYT)
The European Central Bank may cut rates to help growth in the region. (Bloomberg)
Spain’s National Statistics Institute says industrial production dropped by the most since October 2009, based on April numbers. (Bloomberg)
Moody’s lowers its rating of the second-largest bank in Germany. (Bloomberg)
Douglas A. McIntyre
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