According to Reuters, changes at Yahoo! (YHOO) are getting mixed reviews from employees.
Reuters reports that ten banks could could have to raise new money after stress tests.
Reuters reports that two top Fed officials think the recession will end this year.
Reuters writes that Chrysler’s bankruptcy has brought many of its dealers to the brink of closing.
Reuters reports that AIG (AIG) will post a loss for the last quarter but will not need more government money.
Reuters reports that UBS (UBS) had a first quarter loss and remains cautious.
Reuters writes that “So many U.S. banks are failing that three government bank watchdogs want the law changed to force a review only when a bank failure costs the federal insurance fund $300 million or more.”
Reuters reports that US retailers may have gained some strength in April.
Reuters reports that the FTC will look at ties between the Apple (AAPL) and Google (GOOG) boards.
Reuters reports that Bank of America (BAC) said it does not need to raise new funds.
Reuters reports that Chinese exporters are having to try to sell their goods within their country.
The Wall Street Journal reports that stress tests will force several banks to raise money including Citigroup (C), Wells Fargo (WFC), and Bank of America (BAC).
The Wall Street Journal reports that “A government program to unfreeze the credit markets got a boost as companies rushed to issue nearly $10 billion of bonds and as credit markets rode the same wave of optimism that sent stocks soaring.”
The Wall Street Journal writes that fewer banks are tightening lending standards compared to a few months ago.
The Wall Street Journal reports that Alcatel-Lucent (ALU) lost money.
The Wall Street Journal reports that Chrysler expects a profit in 2012.
The Wall Street Journal reports that the new Amazon (AMZN) Kindle will be aimed at the education market.
The Wall Street Journal reports that business is upset about plans to tax overseas profits.
The Wall Street Journal reports that more consumers are making coffee at home.
The Wall Street Journal reports that the rally has sent stocks into the black for 2009.
The Wall Street Journal reports that Sprint’s (S) loss widened as it lost more customers.
The Wall Street Journal reports that banks are facing hits on real estate loans.
The Wall Street Journal writes that CEO pay fell as bonuses dropped.
The Wall Street Journal reports that a lack of cost information has slowed the overhaul of healthcare.
The Wall Street Journal reports that a bounce in manufacturing in Asia needs help from US demand.
The Wall Street Journal reports that one bottler has rejected a buyout from Pepsi (PEP).
The Wall Street Journal reports that Roger Penske may be a buyer of the Saturn unit of GM (GM).
The Wall Street Journal reports that a Fiat plan to buy Opel may mean big job cuts.
The Wall Street Journal reports that MGM (MGM) earnings fell 10%.
The Wall Street Journal reports that the RIM (RIMM) Blackberry Curve outsold the Apple (AAPL) iPhone last quarter.
The Wall Street Journal reports that The New York Times (NYT) is near a deal to keep The Boston Globe open.
The Wall Street Journal reports that the pace at which advertising is falling quickened to 9.2%.
The New York Times reports that growth in India is slowing due to lack of investment.
The New York Times reports that Germany may help Fiat with a bid for Opel.
The New York Times reports that the EU is forecasting a deepening recession.
The FT writes that the wealth management arm of UBS may suffer 10,000 job cuts.
Bloomberg reports that Chrysler non-TARP lenders are opposing the sale of its assets.
Douglas A. McIntyre
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Silicon Storage Technology, Inc. (NASDAQ: SSTI) is trading up on a private equity and management-led buyout. SST is flash memory maker based in Sunnyvale, California. While the company has entered into a definitive merger agreement to be acquired for $2.10 per share, it is almost impossible not to wonder (at best) if this price is a fair value to the Silicon Storage shareholders who would be getting cashed out if a majority approves the deal.
There has been a great deal of risk that Bank of America’s (NYSE:BAC) Ken Lewis would leave as the firm’s CEO. He was replaced as the company’s chairman. He has been part of a Congressional investigation into the role of the Treasury Department and the Fed in forcing B of A to buy Merrill Lynch. He has been blamed for buying too many troubled companies in too short a time.
