Italy may turn to the eurozone as it weighs options for its debt. (Reuters)
AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ: JBLU), Alaska Air (NYSE: ALK), Republic Airways (NASDAQ: RJET), Frontier and Virgin America. (Reuters)
Bob Diamond, former CEO of Barclays (NYSE: BCS), is accused of misleading a government panel reviewing Libor rate setting. (Reuters)
Research In Motion’s (NASDAQ: RIMM) CEO promises to turn the company into a lower cost success in smartphones. (Reuters)
Bank of America (NYSE: BAC) begins to lay off commercial bankers. (Reuters)
Zynga (NASDAQ: ZNGA) has trouble moving into the mobile market. (Reuters)
JP Morgan (NYSE: JPM) will take back stock from managers involved in its multibillion-dollar trading loss. (WSJ)
Airbus may cut back on some of its outsourcing. (WSJ)
Target (NYSE: TGT) and Neiman Marcus will offer clothes made by the same designers. (WSJ)
General Motors (NYSE: GM) to offer “no haggle” low prices on some of its 2012 cars. (WSJ)
China increases state spending to bolster its economy. (WSJ)
Spain will have to turn over control of some of its banks to EU regulators. (WSJ)
Germany’s higher court to decide whether the nation’s participation in an EU bailout is constitutional. (WSJ)
BP (NYSE: BP) and Royal Dutch Shell (NYSE: RDS-B) encounter regulatory problems as they drill near the Arctic. (WSJ)
Amazon.com (NASDAQ: AMZN) tests a smartphone. (WSJ)
DirecTV (NASDAQ: DTV) may block some Viacom (NASDAQ: VIA) cable TV networks because of a dispute over fees. (WSJ)
Investors buy options in Apple (NASDAQ: AAPL) as its share price rises beyond their ability to buy shares directly. (WSJ)
NBC, controlled by Comcast (NASDAQ: CMCSA), and Facebook (NASDAQ: FB) will cooperate on Olympic coverage. (NYT)
EU officials put more pressure on Greece to meet austerity targets. (NYT)
The bailout of banks in Spain will hurt individual investors. (FT)
RIM says it will increase the size of its board. (FT)
Douglas A. McIntyre
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