Reuters: The Senate reform bill gives the Fed broader powers.
Reuters: Google (GOOG) says it is still talking to China, but signs point to pull-out.
Reuters: Arrow will reject a bid from Shell (RDS) and PetroChina (PTR)
Reuters: A new JPMorgan (JPM) fund will invest in China and India.
Reuters: T Rowe Price is in talks to buy a part of a major Chinese fund.
Reuters: A distress debt fund will list on a Chinese exchange.
Reuters: House Democrats are still short of votes for healthcare.
Reuters: The US will introduce a major broadband policy.
Reuters: Bank of America (BAC) is working on expanding it China business.
Reuters: The head of Germany said there is no immediate need for a decision on a Greek bailout.
WSJ: The fight over US sugar quotas is growing as the price in America is different from the rest of the world.
WSJ: The head of China claimed that the US is trying to help its exports by weakening the dollar.
WSJ: Wachovia, a part of Wells Fargo (WFC), is in talks to settle money laundering charges with the Justice Dept.
WSJ: Dodd’s new financial legislation is tougher on banks than expected.
WSJ: Google (GOOG) is likely to close its China search engine.
WSJ: Cnooc acquired oil assets in Argentina.
WSJ: OPEC will have a hard time creating post-recession production targets.
WSJ: The driver’s description of a Prius incident in California may be wrong.
WSJ: Lenovo is looking for M&A deals.
WSJ: Microsoft (MSFT) employees hide their iPhones
WSJ: China is investigating Hewlett-Packard (HPQ) over consumer complaints of some flaws in PCs.
WSJ: Airlines are fighting the cost of safety measures.
WSJ: Some economists believe that Fed will indicate it will raise rates late in the year.
WSJ: The Abu Dhabi Investment Authority claims its returns over the last 20 years are better than 6%.
WSJ: AIG (AIG) kept $21 million in employee bonuses.
WSJ: The US, UK, France, and Germany face a balancing act on debt to keep their Aaa ratings according to Moody’s.
WSJ: Phillips-Van Heusen is close to a deal to buy Tommy Hilfiger
WSJ: Lawyers are fighting over lead roles in Toyota suits.
WSJ: An Abbott (ABT) heart device did well in tests.
WSJ: Online marketers are working on ways to get better pictures of consumers.
WSJ: David Perpich, a member of the Sulzberger family which owns the New York Times (NYT), was hired to help run the flagship paper’s online edition.
NYT: China uses inconsistencies in international trade rules to help its exports.
NYT: Asian stocks dropped on concerns about the US economy.
NYT: Publishers in Germany worry that restrictions on sexual material are a form of censorship.
NYT: The UK is increasing its online anti-piracy rules.
NYT: Sixteen euro zone nations are expected to make progress on aid to Greece.
NYT: Ernst & Young may face charges over the failure of Lehman.
NYT: A new PBS program will be shown on Facebook before TV.
NYT: China warned Google’s local partners including Sina (SINA) about using the US search company’s tech.
NYT: Most online news consumers use five sites of less.
FT: Moody’s warned that its rating of US debt could come under pressure.
Douglas A. McIntyre
