- The Institute of Supply Management's index of services increased from 49.6 to 52.0.
- (WSJ) Casino operator Tropicana Entertainment is expected to file for bankruptcy protection. It would be the largest corporate bankruptcy of the year, and the latest blow to Las Vegas, which has seen gambling revenues decline and major building projects canceled or delayed.
- (Reuters) - Bank of America Corp will likely lower its purchase price for Countrywide Financial Corp , at least two analysts said, with Friedman, Billings Ramsey saying the bank may cut its price to the $0 to $2 level or even walk away from the deal.
- The USDA said as of May 4th corn is 27% planted. (5-year average is 59%)
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