Reuters: Hewlett-Packard (NYSE: HPQ) will gamble on the smartphone industry with its buyout of Palm (NADSAQ: PALM)
Reuters: The oil spill from a BP plc (NYSE: BP) rig is close to shore.
Reuters: Obama picked Janet Yellen to be the vice chairman of the Fed.
Reuters: Oil held steady above $83.
Reuters: Apple (NASDAQ: AAPL) may charge $1 million to advertise on its mobile phone.
Reuters: Continental (NYSE: CAL) and UAL (NASDAQ: UAUA) met again to discuss a merger.
NYT: Oil leaking from a Gulf platform may be coming at 5,000 barrels and not the 1,000 estimated previously.
NYT: Republicans will allows a debate about the financial bill on the Senate floor.
NYT: Goldman Sachs Group (NYSE; GS) and its lobbyists are being ignored in DC.
NYT: The IMF promised more aid for Greece.
NYT: German exposure to Greek debt is $37 billion.
NYT: Doctors often must do hours of uncompensated follow-up work.
NYT; A wind farm off Cape Cod was approved.
NYT: Toyota (NYSE: TM) announced another recall.
WSJ: The leaking well in the Gulf did not have a remote shut-off guard.
WSJ: Contagion fear hits Spain
WSJ: Europeans are investigating rating firms because they may have contributed to the credit crisis.
WSJ: HTC made a deal to use some Microsoft (NASDAQ: MSFT) patents.
WSJ: Pennsylvania utility PPL is acquiring the regulated U.S. business of Germany’s E.ON for $6.7 billion in cash,
WSJ: Exxon Mobil’s (NYSE: XOM) is set for a rally.
WSJ: The former head of DuPont will become the chair at Bank of America (NYSE: BAC).
FT: Basis Yield Alpha Fund, a hedge fund, is seeking compensation from Goldman for CDO losses.
FT: CDO fees went to credit rating agencies despite failures of their ratings.
FT: The Fed says that the economy is strengthening.
FT: US officials set the oil spill on fire.
Bloomberg: Elevation Partners made a 5% return on Palm
Bloomberg: The IMF says that Asia may have bubbles in certain capital markets.
Bloomberg: Baidu’s (NASDAQ: BIDU) profits soared.
Douglas A. McIntyre
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