The House defeated a bill to raise the national debt limit. (Reuters)
Google (NASDAQ: GOOG) unsuccessfully tried to form a venture with Facebook. (Reuters)
SAC is under investigation for its trading of Medlmmune. (WSJ)
Greek bailout talks should conclude this week.
Apple (NASDAQ: AAPL) head Steve Jobs will be at an event to unveil the new iCloud service. (Reuters)
Yahoo! (NASDAQ: YHOO) reached a settlement with Alibaba over the asset value of Alipay. (Reuters)
Lenovo offered $830 million for Germany company Medion. (Reuters)
Sprint-Nextel (NYSE: S) has filed papers with the government to block the AT&T (NYSE: T) takeover of T-Mobile. (Reuters)
As home price fall to 2002 levels, the economy may be pulled down. (WSJ)
China PMI slowed again to the lowest level in three quarters. (WSJ)
Exxon Mobil (NYSE: XOM) will aggressively move into petrochemicals when a new Singapore facility comes online. (WSJ)
Nokia (NYSE: NOK) investors sold down shares after the company downgraded forecasts. (WSJ)
Toyota (NYSE TM) raised its manufacturing targets. (WSJ)
Foreclosures have slowed again because homeowners have started to challenge the question the issue of who owns their homes. (WSJ)
US car sales probably slowed in May. (WSJ)
PC companies say tablet sales may help their core laptop and desktop businesses. (WSJ)
Lady Gaga’s “Born This Way” sold 1.1 million copies in its first week helped by activity from Amazon.com. (NASDAQ: AMZN) (WSJ)
South Africa supported a deal for Walmart (NYSE: WMT) to buy Massmart. (WSJ)
NCR has sued Blockbuster over its right to use the company’s trademark on movie kiosks. (WSJ)
Charles Schwab (NASDAQ: SCHW) will allow some of its 401(k) holders to trade ETFs without paying fees. (WSJ)
Greece may sell as much as $43 billion in public property. (WSJ)
Sales tactics may taint the decisions to use certain types of cardiac implants. (NYT)
A rise in the wages of Chinese workers has caused concerns among companies. (NYT)
The EU pressed the US to speed bank reform. (FT)
The number of millionaires in China passed the one million mark, according to the Boston Consulting Group’s BCG Global Wealth Survey. (Bloomberg)
Microsoft (NASDAQ: MSFT) has asked chip companies that want to use Windows for tablets to work with no more than one PC firm. (Bloomberg)
Douglas A. McIntyre
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