Bloomberg:
- The Nasdaq Stock Market(NDAQ) may eject companies under investigation for possible manipulation of stock options paid to executives.
- Crude oil rose to the highest in two weeks as Iran said it is pressing ahead with its nuclear research.
- Henry Paulson, CEO of Goldman Sachs(GS), was picked by President Bush to succeed John Snow at US Treasury secretary.
- Goldman Sachs(GS) Group President Lloyd Blankfein is the frontrunner to succeed Henry Paulson as CEO of the biggest US securities firm by market value.
Wall Street Journal:
- The US Air Transport Stabilization Board, a loan-guarantee program the government started after the Sept.11 terrorist attacks, has made a $300 million profit for US taxpayers.
- Officials in Calabasas, California, who 10 weeks ago banned smoking outdoors except in designated areas, say the rules are having the desired effect, reducing exposure to secondhand smoke.
NY Times:
- Tourists and the businesses that rely upon them found ways to adapt to unusually high gas prices in the US over the Memorial Day weekend. Families sometimes vacationed closer to home or used kayaks and sailboats rather than motorboats.
Boston Globe:
- Infosys Technologies(INFY), Tata Consultancy Services and other Indian companies are hiring US workers to offset labor shortages in India.
LA Times:
- College computer systems are the No. 1 target in the US for computer hackers looking for sensitive personal information, citing ChoicePoint.
al-Hayat:
- The United Arab Emirates plans to raise oil production capacity to 3.5 million barrels a day by 2011, a 37% increase from current levels.
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