Bloomberg:
- President Bush has ordered the Justice Dept. to investigate whether the recent rise in the price of gasoline is the result of illegal manipulation.
- US Treasuries tumbled, with 10-year notes falling the most since July, after gains in consumer confidence and home sales bolstered expectations that the Fed will raise rates at its next two meetings.
- NY gasoline futures are falling for a second day after President Bush said the US may ease fuel regulations to avoid short-term supply disruptions.
Wall Street Journal:
- About 10 Fidelity Investment portfolio manager have reported to the SEC that they have put at least $1 million of their own money into funds they run.
- Cable television companies such as Comcast(CMCSK), Time Warner(TWX) and Cablevision Systems(CVC) are likely to announce excellent first-quarter results.
NY Post:
- EBay’s(EBAY) Skype Technologies signed agreements with four music publishers as the Internet-based phone service prepares to start a Web music store.
NY Times:
- The number of homeless people sleeping on New York’s streets fell 13% in the past year, citing a study by the city’s Department of Homeless Services.
AP:
- The Bush administration plans to temporarily halt deliveries of crude oil to the nation’s strategic reserves to help bring down gasoline prices.
Interfax:
- Chevron Corp.(CVX), BP Plc’s Russian venture and two Russian state companies agreed to build an oil pipeline to bypass Turkey’s congested Bosporus strait, a main route to world markets for Russian crude.
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