A former Goldman Sachs Group (NYSE: GS) trader launched a $1 billion fund of his own (Reuters)
Geithner said inflexible currencies are the world’s biggest monetary problem (Reuters)
Brent rose to $116 and will have its largest quarterly gain in two years (Reuters)
Google (NASDAQ: GOOG) has added a new social network aspect to compete with Facebook (Reuters)
China said that companies related to Google broke tax laws (Reuters)
AU Optronics may supply the screens for new Apple (NASDAQ: AAPL) iPad 2 tablets. (Reuters)
A judge threw out pension fund suits against Freddie Mac (Reuters)
David Sokol quit as a top manager of Berkshire Hathaway (NYSE: BRK) after he bought shares in takeover target Lubrizol. (WSJ)
Congress is close to agreement on budget spending which would keep the government running (WSJ)
Regulators are looking into sales of complex bond instruments sold to individual investors (WSJ)
The McNeil unit of Johnson & Johnson (NYSE: JNJ) will be restructured after a number of recalls (WSJ)
Ireland tried to turn back an oncoming crisis over finances of some of its banks (WSJ)
Google settled with the FTC over its Buzz product (WSJ)
The US government cannot balance its budget without cuts in Medicaid (WSJ)
Political problems in the Ivory Coast could drive up cocoa costs (WSJ)
Wind energy is still dogged by claims it is less efficient than oil and depends on government support (WSJ)
Whirlpool said that Samsung and LG had dumped products into the US (WSJ)
The head of AT&T (NYSE: T) said the company would have to sell some operations to close its T-Mobile deal (WSJ)
Advertisers are working with browser companies to accept “do not track” technology (WSJ)
The Federal Reserve is selling once toxic assets it took on from AIG (NYSE: AIG) despite the insurers offer to buy them back (WSJ)
Banks are not taking federal funds available for loans to small businesses (WSJ)
Shares in Apollo Global fell after its IPO (WSJ)
The Inspector General for TARP fought with some members of Congress over “too big to fail” notions (WSJ)
Paulson has put together a bankruptcy exit plan for Lehman Bros. (WSJ)
G20 debate over the primacy of the dollar, yen, and yuan will continue for an extended period (WSJ)
Microsoft (NASDAQ: MSFT) has joined a group that has attacked the “monopoly” of Google search (WSJ)
The bailout of Ireland’s banks could end up costing $100 billion (NYT)
Treasury said it would eventually make money on bank bailouts (NYT)
Auto dealers are concerned parts shortages from Japan will hurt inventories (NYT)
Foreclosure method talks between state attorneys general and banks have slowed (NYT)
Jamie Dimon of JPMorgan (NYSE: JPM) said new bank regulations could severely damage financial firm prospects (FT)
US M&A activity rose over 80% in the first quarter (FT)
The US and France said they were open to a greater role of the yuan in currency trading. (Bloomberg)
Equity investors in TEPCO may lose all of their money (Bloomberg)
Bank of Japan may open an emergency lending facility (Bloomberg)
Bill Gross of PIMCO attacked the value of Treasuries (Bloomberg)
The Federal Reserve will name the banks that took emergency funds during the credit crisis (Bloomberg)
Douglas A. McIntyre
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