Exports from Japan improve. (Reuters)
The Fed’s Beige Book reports concern about energy costs. (Reuters)
The World Bank expects China’s expansion to slow this year. (Reuters)
Rio Tinto (NYSE: RIO) and BHP Billiton (NYSE: BHP) ore output will drop because of low demand in China. (Reuters)
Apple (NASDAQ: AAPL) tries to fix malware problems with some Macs, but the PR fallout has been significant. (Reuters)
BlackRock (NYSE: BLK) will set its own bond trading platform to bypass normal markets. (WSJ)
The Justice Department claims Apple and five publishers illegally set e-book prices. (WSJ)
More fast-food chains sell company outlets to franchisees as a way to cut costs. (WSJ)
Las Vegas Sands (NYSE: LVS) launches a $4.4 billion casino complex in Macau. (WSJ)
The federal deficit narrows as tax receipts rise. (WSJ)
Competition in the locomotive business rises between General Electric (NYSE: GE) and Caterpillar (NYSE: CAT). (WSJ)
The CFO of JCPenney (NYSE: JCP) is pushed out. (WSJ)
Record labels and digital sites reach an agreement on royalties. (WSJ)
California solar-power developer BrightSource Energy will go public. (WSJ)
Volkswagen and BMW set sales records in the first quarter on improved luxury demand. (WSJ)
China Q1 auto sales fall 3.4% (WSJ)
The Greek crisis leaves Cyprus with huge debts. (NYT)
Amazon.com (NASDAQ: AMZN) will cut e-book prices. (NYT)
Johnson & Johnson (NYSE: JNJ) is fined $1.2 billion for its promotion of drug Risperdal. (NYT)
A report by the special inspector general for the Troubled Asset Relief Program says the Treasury has done a poor job of helping the housing markets. (NYT)
A board investigation into conduct by Best Buy’s (NYSE: BBY) former CEO Brian Dunn will continue. (NYT)
Spotify opens its streaming system to other websites. (FT)
Nokia (NYSE: NOK) may have to split its low-end handset business from its smartphone operations. (Bloomberg)
Douglas A. McIntyre
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