Reuters:   A NY court ruled against AIG (AIG) in a battle with former CEO Greenberg.

Reuters:   Google (GOOG) will launch an operating system for low end PCs to compete with Microsoft (MSFT).

Reuters:   US apartment vacancies are near historic highs.

Reuters:   Amcor is close to buying Rio Tinto’s (RTP) non-US packaging assets.

Reuters:   Pickens is backing off his wind farm project.

Reuters:   The CFTC is considering trading curbs on some commodities.

Reuters:   A theft of trading code could cost Goldman Sachs (GS) millions of dollars.

Reuters:   US regulators may try to defend a new consumer protection agency.

Reuters:   The US is looking at a second stimulus package.

WSJ:   Oil speculators are under fire.

WSJ:   Alcoa (AA) is investing in new markets that should help it during a recovery.

WSJ:   Entrepreneurs won a tax case against the IRS.

WSJ:   Kodak’s (EK) CEO is betting big on printers.

WSJ:   A royalty plane was set for online radio.

WSJ:   The old Merrill Lynch investment bank is disappearing inside Bank of America (BAC).

WSJ:   Boeing (BA) will buy a plant that supplies key functions for its Dreamliner.

WSJ:   Sony (SNE) is moving into the netbook business.

WSJ:   Bull are turning into bears in Asia.

WSJ:   Vornado is making a big bet on distressed properties.

WSJ:   Large banks may still be too big to fail.

WSJ:   Consumer credit card delinquencies mean spending may do little to help the recovery.

WSJ:   Car dealers left after the industry downsizing are trying to get customers from closed dealers.

WSJ:   China is seeking GM technology with its Opel bid.

WSJ:   Arcelor, the world’s largest steel company, is ramping up production.

WSJ:   Amgen’s (AMG) new bone drug is promising.

WSJ:   Palm (PALM) signed up carriers in Europe.

NYT:   A major cyber attack targeted some large websites.

NYT:   The huge federal budget gap is becoming a big problem, but efforts to improve it are faltering.

NYT:   The smartphone is starting to replace the GPS.

NYT:   The NY Times (NYT) deadline for offers for The Boston Globe was pushed back.

FT:   Private equity firms are objecting to FDIC rules effecting the sale of banks.

For Apple (AAPL) news go to AppleFinancialNews.com.

Douglas A. McIntyre

Affiliated Managers Group (AMG) Raised to Outperform at KBW.
AGCO (AG) Raised to Buy at Jefferies.
Bank of Ireland (IRE) Cut to Hold at Deutsche Bank.
ConAgra (CAG) Cut to Hold at Citigroup.
Global Payments (GPN) Raised to Outperform at William Blair.
JA Solar (JASO) Cut to Hold at Lazard.
Lear (LEA) Cut to Underweight at Barclays.
Netgear (NTGR) Raised to Hold at Deutsche Bank.
Old Dominion Freight (ODFL) Raised to Outperform at Morgan Keegan.
Yahoo! (YHOO) Raised to Buy at Citigroup.

JON C. OGG
June 15, 2009