In the wake of its ratings downgrade by Fitch, Angela Merkel says that the region will help Spain. (Reuters)
An IMF report will say that Spain’s banks need $40 billion in support. (Reuters)
Intel (NASDAQ: INTC) will try to build a TV with facial recognition software. (Reuters)
TDAmeritrade (NYSE: AMTD) says that the Facebook (NASDAQ: FB) IPO hurt investor confidence. (Reuters)
A judge cancels the patent trial between Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) over smartphone IP because neither side has shown damages. (Reuters)
The Federal Reserve passes rules that would force small lenders to comply with Basel III capital standards. (WSJ)
The FHA to sell more of its troubled loans to the private sector. (WSJ)
Europe’s independent emerging economies heighten concerns about a Greek exit from the eurozone. (WSJ)
Sprint-Nextel (NYSE: S) will offer a less expensive iPhone. (WSJ)
China’s CIC cuts back investments in Europe. (WSJ)
As the United States drops some investment rules against Myanmar, General Electric (NYSE: GE) and Chevron (NYSE: CVX) begin to work on projects in the country. (WSJ)
New members of the Chesapeake Energy (NYSE: CHK) board may cut billions of dollars because of losses on natural gas projects. (WSJ)
Dish Network (NASDAQ: DISH) spends huge sums to set a cellular network that could compete with AT&T (NYSE: T) and Verizon Wireless. (WSJ)
A new, higher bond rating allows Ford (NYSE: F) to raise money in the capital markets. (WSJ)
Spain pushes its badly damaged banks to buy its sovereign paper. (NYT)
Hackers increase attacks on social networks. (FT)
Crude prices may have their longest weekly losing streak in 13 years. (Bloomberg)
Japan’s gross domestic product grows faster than estimated in the first quarter. (Bloomberg)
Germany has a large influx in deposits as it becomes the safe haven of Europe. (Bloomberg)
Douglas A. McIntyre
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