May’s jobs report is out today, though it may be a slightly less valuable barometer of economic growth due to the Verizon employee strike that wrapped up this week – WSJ

Tribune Publishing’s doing more than buoying its financials with a sizeable infusion from Nant to help keep Gannett at bay. It’s also rebranding itself—to “tronc”—and listing itself on Nasdaq, reportedly to further a “dot-com-era start-up” vibe – NYTimes and Law360

In a first, the SEC will penalize broker-dealer Albert Fried & Co (an institutional-investor-focused firm) for “failing to file suspicious activity reports, in violation of anti-money laundering rules” – WSJ

Breakingviews take stock of a bloated Johnson & Johnson and suggests that its poor M&A activity and “mediocre” shareholder returns counsel for a much slimmer J&J in the future – NYTimes

A group of financial and business trade groups including the US Chamber of Commerce and Financial Services Roundtable have sued to prevent new Department of Labor-announced rules that would impose a fiduciary duty on retirement advisors from taking effect – WSJ and Law360

The Fed—via Governors Tarullo and Powell—are giving banks an early heads up that the biggest among them will likely soon need more equity on hand to pass upcoming stress tests – WSJ

The DOJ has announced criminal charges against a pair of former Deutsche Bank traders for their alleged role in manipulating Libor – NYTimes

Goldman Sachs, Barclays, and 6 others have agreed to pay $190 million to the FDIC to resolve claims that they made misrepresentations in the offerings of MBS originated by Countrywide – Law360

The Journal’s Friday installment in its modern banking series: a brave new world for investment banks [think “smaller, more specialized and home to technologists instead of traders”] – WSJ

You can add Saturn to the mix as you’re gazing up at the stars at the end of an early summer Friday night. Enjoy – NYTimes

Have a good weekend,