Reuters: Obama’s leadership will be tested this week by his reaction to BP plc (NYSE: BP) spill.
Reuters: Jobs are critical to the housing recovery.
Reuters: China’s AgBank will attempt a $23 billion IPO.Reuters: A member of the EU council said a strong euro masked problems in the region.
Reuters: Short covering lifted the euro and gold.
Reuters: A member of the Fed said EU problems will not delay US central bank decisions.
Reuters: AT&T (NYSE: T) will work with law enforcement on the iPad security problem.
Reuters: The ITC will look at Apple’s potential infringement of HTC patents.
Reuters: Google Inc. (NASDAQ: GOOG) is trying to build a trade violation case over its problems in China.
Reuters: Petrobras of Brazil may seek a $23 billion stock sale.
WSJ: The US will demand a BP damage fund.
WSJ: Investigations about Intel’s (NASDAQ: INTC) relationship with Dell (NASDAQ: DELL) may show how much the PC company’s finances were impacted.
WSJ: AT&T blamedc its iPad security problems on malicious hackers.
WSJ: German and French banks have huge exposure to Greece, Spain, and Portugal.
WSJ: Marketers are using location-based solutions to track smartphone users.
WSJ: Asia exporters are hurt by Europe’s problems.
WSJ: Workers at a Honda Motor (NYSE: HMC) plant in China returned.
WSJ: Spirit Air canceled flights due to a strike.
WSJ: Investors are ignoring problems in the muni market.
WSJ: Chevron (NYSE: CVX) said a stop to deepwater drilling was unnecessary.
WSJ: Oil restrictions may hurt the prospects on long-term use of the Alaska pipeline.
WSJ: France will cut $55 billion from its budget in the next three years.
WSJ: Optimism over car sales is failing.
WSJ: “Karate Kid” was tops at the box office.
WSJ: The FDIC has come up with new ways to sell assets.
NYT: The government will release new rules that discourage companies from cutting benefits.
NYT: The FTC is trying to advise the faltering newspaper industry.
FT: US banks are likely to lose a battle in Congress to preserve their swaps businesses.
FT: Price jumps are hurting coffee speculators.
FT: The FDA wants a crackdown on genetic testing.
Bloomberg: Europe’s banks are facing a funding squeeze.
Bloomberg: BP may lose oil leases in the Gulf.
Bloomberg: Bailouts of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) could hit $1 trillion.
Bloomberg: Bokia oy (NYSE: NOK) is losing the app battle to Apple (NASDAQ: AAPL) and Google’s (NASDAQ: GOOG) Android.
Douglas A. McIntyre