Reuters: The Senate backed restrictions on credit rating agencies and credit card fees.
Reuters: Oil dropped to a three-month low based on demand.
Reuters: Facebook will hold a staff meeting on privacy.
Reuters: Video game sales plunged in April.
WSJ: The Goldman Sachs Group (NYSE: GS) is trying to help a Chicago group that loans to the poor.
WSJ: The costs of the A380 hurt that financial results of EADS.
WSJ: Regulators are investigating whether banks bet that municipal bonds would fail.
WSJ: The CEO of BP plc (NYSE: BP) says his company could have done more to prevent a spill in the Gulf.
WSJ: Large sums of capital are being invested in China.
WSJ: Attorneys are fighting for the lead in the Toyota Motors (NYSE: TM) case.
WSJ: The yen’s strength is hurting exporters.
WSJ: Portugal will increase taxes and cut civil servant salaries.
WSJ: Mahindra & Mahindra of India will enter the US car market.
WSJ: Wireless rivals are increasing pre-paid services.
WSJ: Video game sales in April dropped more than any month since July.
WSJ: Nissan may press for expansion in China.
WSJ: Blockbuster Inc. (NYSE: BBI) posted weak earnings.
WSJ: A Chinese energy firm will begin explore oil sands in Canada.
WSJ: Rising inflation in Europe may hurt bailouts.
WSJ: Industrial stocks like GE (NYSE: GE) and Honeywell still face headwinds.
WSJ: E*Trade (NASDAQ: ETFC) shareholders approved a reverse split.
NYT: The Minerals Management Service allowed companies to drill in the Gulf without permits.
NYT: The size of the oil spill was underestimated.
NYT: Cellphones are now used more for data than for voice.
NYT: Oil laws will hurt Portugal’s efforts to balance it budget.
NYT: It looks more likely that banks will settle charges about improper conduct.
FT: Restrictions on hedge fund may cause tension between the US and EU.
FT: Worries about the bailout have hurt the euro.
FT: Adobe Inc. (NASDAQ: ADBE) is battling back against Apple Inc. (NASDAQ: AAPL) over Flash.
Bloomberg: Morgan Stanley (NYSE: MS) bet against CDOs that it invented.
Bloomberg: US firms have been able to dodge $60 billion in taxes by moving money overseas.
Bloomberg: Volcker says the debt crisis may cause Europe to “disintegrate”
Douglas A. McIntyre