The heads of Germany, France, Spain and Italy meet to seek a solution to the financial crisis in the eurozone. (Reuters)
A “bug” interrupts Twitter service twice. (Reuters)
Moody’s downgrades 15 banks, including Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JP Morgan (NYSE: JPM) and Morgan Stanley (NYSE: MS). (Reuters)
The new Greek government balks at some austerity restrictions. (Reuters)
Gold drops more this past week than in any other since September. (Reuters)
Oil prices fall below $80 a barrel. (Reuters)
Rumors circulate that Microsoft (NASDAQ: MSFT) will make its own smartphone. (Reuters)
The National Association of Realtors reports that home sales in May rose year over year but were down from April. (WSJ)
Chinese oil imports from Iran rose last month. (WSJ)
The International Monetary Fund warns that the current aid to Spain may not be enough. (WSJ)
Nokia’s (NYSE: NOK) current phones cannot use new upgrades to Microsoft Windows mobile software. (WSJ)
The IMF says that Germany’s response to EU financial problems is short of what is needed to help the situation. (FT)
Nintendo to launch a larger 3DS next month. (Bloomberg)
Samsung investigates potential overheating problems with its new Galaxy S III. (Bloomberg)
Douglas A. McIntyre
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