AB InBev (NYSE: BUD) may buy the part of Modelo it does not already own. (Reuters)
Samsung expects a rise in Q2 handset sales. (Reuters)
Research In Motion (NASDAQ: RIMM) may split into two companies. (Reuters)
Sony (NYSE: SNE) and Panasonic will jointly manufacture new OLED screens. (Reuters)
Toyota (NYSE: TM) and BMW may set a joint product development deal. (Reuters)
The head of Nasdaq OMX (NASDAQ: NDAQ) says “arrogance” among staff hurt the Facebook (NASDAQ: FB) IPO process. (WSJ)
JP Morgan (NYSE: JPM) will increase risk management at the unit that lost $2 billion and cut its investments in derivatives. (WSJ)
Concerns about the German economy undercut the perception that its sovereign debt is a safe haven. (WSJ)
The national average price for a gallon of regular gasoline falls to $3.42. (WSJ)
Stockton, Calif., may declare bankruptcy soon. (WSJ)
Yahoo!’s (NASDAQ: YHOO) new CEO, Ross Levinsohn, will refocus the company on efforts to increase ad revenue. (WSJ)
Nike (NYSE: NKE) will increase efforts to get sales during the Olympics, in which it is investing large numbers of ad dollars. (WSJ)
Many investors expect the EU summit to do little to solve the region’s financial problems. (WSJ)
The Bank for International Settlements calls for more measures to coordinate efforts among EU central banks, but says the effects of those efforts are limited. (NYT)
Spain to ask the European Union for 100 billion euros to combat its bank crisis. (FT)
Average pay for the CEOs of large EU and American banks rises 12% in the past year. (FT)
Earnings warnings from U.S. companies undermine confidence in the U.S. economy. (FT)
Apple (NASDAQ: AAPL) will use Yelp Check-in for its new map product. (Bloomberg)
BRIC currencies have depreciated the most since 1998. (Bloomberg)
Douglas A. McIntyre
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