Tom Glocer, the departing head of Thomson Reuters (NYSE: TRI), makes $20 million. (Reuters)
China’s premier, Wen Jiabao, says the monopoly of large Chinese banks should end. (Reuters)
Facebook files patent claims against Yahoo! (NASDAQ: YHOO). (Reuters)
Roche presses its bid to takeover Illumina (NASDAQ: ILMN). (Reuters)
Citing sufficient strength in the economy, the Fed says it will stand by and add no stimulus. (WSJ)
Moody’s cuts the credit rating of General Electric (NYSE: GE). (WSJ)
Yahoo! to cut 2,000 jobs. (WSJ)
AT&T (NYSE: T) faces a walkout of 40,000 wireline workers. (WSJ)
Samsung takes a more active role in the mobile ad market. (WSJ)
Eurozone nations continue to cut costs despite concerns this will cause a deeper recession. (WSJ)
U.S. auto sales surge in March as people turn to more fuel-efficient cars. (WSJ)
US Airways (NYSE: LCC) increases its efforts to buy American Airlines parent AMR, which is in Chapter 11. (WSJ)
Burger King to go public again (WSJ)
A study published in the Administrative Science Quarterly says that workers hired from outside a company make more than current workers but perform worse. (WSJ)
Regulators finalize how they will oversee nonbank financial firms. (WSJ)
Regulators are set to fine JP Morgan (NYSE: JPM) for its role in the collapse of Lehman Bros. (NYT)
China moves its cap on foreign investments to $80 billion from $30 billion. (FT)
The departure of James Murdoch from the chairman’s job at BSkyB may allow News Corp. (NASDAQ: NWS) to make a bid for the part of the company its does not own. (Bloomberg)
One million paid TV customers move to the web in 2011. (Bloomberg)
BMW and Mercedes first-quarter sales in the U.S. are almost the same. (Bloomberg)
Douglas A. McIntyre
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