Monday morning headlines

Bin Laden bounce: Hard to know what kind of impact the news is having on Wall Street, but the Dow is up 60 points.

Oil take a dip: Perhaps another reflexive response to Bin Laden's death, though NY crude is still trading above $112 a barrel.

Chrysler posts a profit: It's the first time since going through bankruptcy protection two years ago. From the NYT:

The results are a milestone for Chrysler, which narrowly avoided liquidation after its decade-long tie-up with the German carmaker Daimler dissolved and a private equity firm, Cerberus Capital Management, failed in its revival efforts. The profit comes almost exactly two years after President Obama forced Chrysler to file for bankruptcy protection and form a partnership with Fiat because he and other officials believed it could not survive on its own.

Buffett wants to move on: He called the abrupt departure of David Sokol "a very sad situation," but didn't offer any mea culpas during the annual Berkshire Hathaway conference. From the NYT:

He said he planned no major changes to Berkshire's management practices, which largely leave the executives of the company's subsidiaries to operate as they please. With more than 260,000 employees working for him around the world, something can and will inevitably go wrong, Mr. Buffett said. His longtime investing partner, Berkshire's vice chairman, Charles Munger, addressed the issue more bluntly. "We've had a close brush with scandal two times in 50 years," he said Sunday. "We're not going to devote a lot of time to this."

Mediator called into grocery talks: Another sign that little progress is being made between the major supermarket chains and the union representing 62,000 of their workers. The contract ended March 6, but it has been extended on a day-to-day basis. (LAT)

Regulator calls Anthem rate hike unreasonable: But there's nothing that the state of California can do about it - rates for 120,000 customers of Anthem Blue Cross have begun increasing an average of 16 percent. (LAT)

Facebook growing faster than forecast: The giant social network site is expected to earn $2 billion in 2011, making it one of largest tech companies. (WSJ)