According to Reuters, Bank of America (BAC) will have to raise billions of dollars.
Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections of creditors.
Reuters reports that the US will give banks guidelines for conditions for paying back TARP funds.
Reuters reports that more than one in five homes in the US is “underwater.”
Reuters reports the GM (GM) presented a plan to wipe out current shareholders.
Reuters reports that Citigroup (C) may need $5 billion to $10 billion.
Reuters reports that the Fed’s Stern says the US must solve the too-big-to-fail problem.
Reuters reports that Roubini says global markets are in a bear market rally.
Reuters reports that Wal-Mart has entered the convenience store business in China.
Reuters reports that the Fed’s Yellen says the economy’s recovery will be slow
The Wall Street Journal reports that Bank of America (BAC) must raise $35 billion.
The Wall Street Journal writes that the SEC has opened its first case against the insider trading of credit default swaps.
The Wall Street Journal reports that Chrysler is looking at which dealers in its network to close.
The Wall Street Journal reports that junk bonds are selling well again.
The Wall Street Journal reports that earnings from BNP Paribas beat estimates.
The Wall Street Journal reports that the Senate is still debating curbs on credit cards.
The Wall Street Journal reports that Sirius (SIRI) is broadening the applications of its products.
The Wall Street Journal reports that Ford (F) is bringing a new focus to the small car market.
The Wall Street Journal reports the Electronic Arts (ERTS) narrowed its losses due to cost cutting.
The Wall Street Journal reports that Cisco (CSCO) earnings will show whether the tech sector can help keep the market moving higher.
The Wall Street Journal reports that the prices of leveraged loans are at pre-Lehman levels.
The Wall Street Journal reports that some bank stocks are trading as if the banks had put most of their problems in the past.
The Wall Street Journal reports that Disney (DIS) reported bad earnings but said its businesses were stabilizing.
The Wall Street Journal reports that CVS (CVS) says it Caremark deal is paying off.
The Wall Street Journal reports that GM (GM) sales in China moved up sharply.
The Wall Street Journal reports that ADM (ADM) earnings hit a headwind.
The New York Times reports that Bank of America (BAC) needs a $33.9 billion cushion.
The New York Times reports that hiring is picking up in some sectors.
The New York Times reports that the government may ask banks to be able to raise debt without government help before they can pay back TARP funds.
The FT reports that Bank of America may sell its CCB shares for as much as $8 billion.
The FT reports that Kraft’s (KFT) sales of macaroni are way up.
Bloomberg reports that Ford (F) may suffer as GM (GM) and Chrysler shut down suppliers.
Bloomberg reports that PetroChina (PTR) needs to raise $22 billion due to declines in cash flow.
Douglas A. McIntyre
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