Reuters - U.S. exports have been helped by a
weaker dollar and this is providing a boost to an otherwise
weak economy, Federal Reserve Bank of Atlanta President Dennis
Lockhart said on Saturday.

»read more from "Fed’s Lockhart says world will feel U.S. slowdown (Reuters)"

Reuters - American International Group Inc
plans to establish a global shared services and data
centers in Malaysia through one of its subsidiaries, the
insurance giant said on Saturday.

»read more from "AIG to set up services, data centers in Malaysia (Reuters)"

Reuters - The United Auto Workers and American
Axle & Manufacturing Holdings Inc reached a tentative
contract agreement late Friday aimed at ending an 11-week-long
strike that had triggered thousands of layoffs and cost General
Motors Corp at least $1 billion.

»read more from "American Axle and UAW reach tentative agreement (Reuters)"

Investor’s Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan — now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion — the economic toll may be mild, analysts say.

»read more from "Quake Unlikely To Derail China’s Economy (Investor’s Business Daily)"

Reuters - Morgan Stanley cut 1,500 jobs
this week across its investment banking, trading and asset
management businesses, a person familiar with the situation
said Friday, a 5 percent reduction of non-broker employees.

»read more from "Morgan Stanley cut 1,500 jobs this week: source (Reuters)"

AP - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.

»read more from "Surprise rebound in housing, outlook still shaky (AP)"