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Keith McCullough (CEO):

Tata Faces Crisis as $20 Billion Spent on Water: Corporate India (via Bloomberg)

PBOC’s Zhou Says Slower Growth Needed for Restructuring (via Bloomberg)

Josh Steiner (Financials):

Wall Street betting billions on single-family homes in distressed markets (via Washington Post)

Cleveland Fed stress test adds housing, securitization coverage (via Housing Wire)

Banks pull back from risky regions (via Financial Times)

Jay Van Sciver (Industrials):

Caterpillar Reports First-Quarter Results, Revises Outlook and Announces Resumption of Stock Repurchase (via Caterpillar)

Brian McGough (Retail):

Björn Gulden Taking Reins at Puma (via WWD)

Teens Get Less Parental Help as Fashion Spend Dials Back (via SGI News)

Kevin Kaiser (Energy):

Halliburton Announces First Quarter Income From Continuing Operations of $0.67 Per Diluted Share, Excluding a Charge Related to the Macondo Well Incident (via Halliburton)