According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis could turn much worse.

Reuters writes that Microssoft (MSFT) will begin its $300 million marketing campaign for Windows.

Reuters reports that Bank of America (BAC) plans to settle an auction-rate probe the same was that several other brokers and banks have.

Reuters reports that Lehman (LEH) may spin off its real estate portfolio to shareholders.

Reuters writes that a cautious China is missing out on buying banks and brokerages at low prices beaten down by the credit crisis.

Reuters writes that Boeing (BA) is in a tight spot now that its largest union has voted to strike.

The Wall Street Journal reports that Dell (DELL) may sell most of its PC manufacturing operations.

The Wall Street Journal reports that Atticus Capital denied rumors that it was liquidating.

The Wall Street Journal reports that GE (GE) will sell its warranty business for $140 million.

The Wall Street Journal reports that Samsung may consider buying Sandisk (SNDK)

The Wall Street Journal reports that Spectrum Bridge  will create a market in wireless communications licences.

The Wall Street Journal writes that the relationship between airline and the credit card companies which handle co-branded cards is falling apart do to funding concerns.

The Wall Street Journal writes that Yahoo! (YHOO) hit a five year low drawing options bets it will rebound.

The Wall Street Journal reports that Coke’s (KO) buy-out of a firm in China will test that nation’s anti-trust laws.

The Wall Street Journal writes that Ford (F) is making buy-out offers at more of its plants.

The Wall Street Journal reports that a judge said Oracle’s (ORCL) CEO withheld important e-mails

The New York Times reports that Altria (MO) may buy fellow tobacco maker UST.

The New York Times writes that Lehman (LEH) is considering splitting itself into a "good bank, bad bank" structure.

The New York Times reports that China’s central bank needs capital after its bets on mortgage-backed debt, Fannie Mae (FNM), and Freddie Mac (FRE).

The New York Times writes that OPEC is concerned about the falling price of oil.

The New York Times reports that federal health regulators ordered stronger warnings for prescription drugs to treat rheumatoid arthritis made by companes including Johnson & Johnson (JNJ).

The FT reports that Honda (HMC) is reviving its Insight brand to challenge the Toyota (TM) Prius.

Douglas A. McIntyre

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