Nokia (NYSE: NOK) to lay off 10,000 people. (Reuters)
RealtyTrac reports foreclosures rise for the first time in 27 months. (Reuters)
China may cut rates rather than press stimulus. (Reuters)
A number of new online game companies around the world begin to challenge Zynga (NASDAQ: ZNGA). (WSJ)
A refinery built by Royal Dutch Shell (NYSE: RDS-A) and Saudi Arabia is idle because it is under repair. (WSJ)
A new product called Facebook Exchange will help large advertisers use Facebook (NASDAQ: FB). (WSJ)
Crédit Agricole, which owns Greece’s largest foreign-held bank, may leave the market. (WSJ)
Large money managers and banks may start a new bond exchange. (WSJ)
The head of Barnes & Noble (NYSE: BKS) settles a shareholder suit about the book company’s purchase of a firm he owned. (WSJ)
General Motors (NYSE: GM) to close one of its oldest factories in Germany. (WSJ)
Solar panel demand in the United States is expected to double this year but drop sharply in 2013. (WSJ)
New, flexible rates will hurt Chinese bank margins. (WSJ)
A drop in commodities prices may help the economy but hurt companies that sell them. (NYT)
Time will sell its magazines on Apple’s (NASDAQ: AAPL) newsstand. (NYT)
France wants a plan to broaden use of EU financial facilities to infuse capital into banks. (FT)
Lloyd Blankfein says he has no plans to leave as CEO of Goldman Sachs (NYSE: GS). (FT)
Facebook’s new exchange will allow for the purchase of ads in real time. (Bloomberg)
Douglas A. McIntyre
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