Deficit Forecast Soars
Reuters
The White House on Monday pushed up its forecast for the U.S. budget deficit for this year by $89 billion, reflecting the recession, a raft of new unemployment claims and corporate bailouts

Take My TARP Please
Marketwatch
A handful of big U.S. banks on Monday unveiled plans to sell common shares in the open market to raise money they want to use to repay the federal government to free themselves from restrictions on salaries and other items.

Analyst's Upgrades and Downgrades
The Street
American Eagle upgraded at Citigroup to a buy from hold and price target increased to $17 from $15. Believe stale looks at Hollister and expensive pricing at A&F should favor AEO as it delivers improving fashion at a better value. AEO has a robust balance sheet with $409M in net cash and 9-10% FCF yield.

Bank Stocks Weigh On World Markets
Yahoo Finance
World stock markets fell Monday as investors took advantage of a light financial news day to book profits made over the last couple of weeks — and recently buoyant bank stocks bore the brunt.

• Fed Sees Up To $599 Million In Losses
• Employers In U.S. Probably Cut Fewer Jobs In April
• S&P Cuts Toyota's Credit Rating
• Billions Required To Bolster U.S. Banks
• GM Posts $6 Billion Loss
• Bank of England Holds Rates, Increases QE Program
• About 10 U.S. Stress Test Banks Need Capital
• Obama Squares Up to Corporate America
• Investment Banking Takes Hit At UBS
• Chrysler in Hand, Fiat Turns To Opel
• BoA Plans to Raise $10 Billion
• Bank Stress Tests to Clarify U.S. Credit Crisis
• Bank Stress Test Results Are Delayed
• Relying On A Speedy Spin-off
• Citi Reaches Deal To Sell Nikko Cordial