Friday’s jobs report underwhelmed, but it shouldn’t necessarily put off a June rate hike by the Fed, says the Journal, especially given the news that wages climbed last month – WSJ

Fair Game got downright monarchical (in the exercise of power, at least) on us this weekend, suggesting that President could act without Congress to shut down the carried interest tax loophole that would force some of the country’s wealthiest to “pay ordinary income taxes on the gains they reap” in their investment funds – NYTimes

Just as oil seemed poised to make a comeback, news from Saudi Arabia this weekend that oil minister Ali al-Naimi is out after 20 years on the job threatens to derail its gains – WSJ and Bloomberg and MarketWatch

GE Capital’s Czech bank spinoff has been valued at $1.5 billion in its IPO in Prague – NYTimes and Law360

Anbang’s recent foray into the Starwood bidding war helped bring it international prominence, but it appears also to have brought some unwanted attention from China’s insurance regulator – Bloomberg

HSBC is reportedly on the verge of resolving class antitrust claims against it over allegations that it “fixed yen-denominated Libor rates” – Law360

Turns out that banks’ bets on the Ivies aren’t going as planned—but not because of defaults.  Quite the opposite, it seems – WSJ

Breakingviews has sized up the disaster of a deal between rival energy outfits Energy Transfer Equity and Williams Companies and has given us a highly technical term for it all: the Costanza Defense. Energy Transfer, you see is trying to crater its own deal by making itself as unattractive as possible—a ploy straight out of the mind of Georgie boy – NYTimes

Not content to challenge just the $806 million judgment it faces after losing its SDNY trial over sales of shoddy MBS to Fannie and Freddie, Nomura is also asking the 2d Circuit to remand to a new judge due to alleged “improper” actions by trial judge Denise Cote – Law360

Our periodic check on Pershing Square’s years’ long bet against Herbalife reveals that Ackman’s taking it on the chin, with Herbalife shares currently trading at a 2-year high – WSJ

Here’s a nice longread on the famous “Flying Bobby” shot that helped immortalize one of the NHL’s best – Deadspin