According to Reuters, Bernanke says he was encouraged by the stress tests.

Reuters reports that GM (GM) will probably exit the Dow.

Reuters writes that Bank of America (BAC) will probably sell its CCB stage for $7.3 billion.

Reuters writes that the Administration says the stimulus package will save 3.5 million jobs by the end of next year.

Reuters writes that the CEO of AIG (AIG) will fight criticism of his employees.

Reuters reports that Citigroup (C) says it is using most of the TARP capital to make loans.

Reuters reports that Ford (F) will sell 300 million shares.

Reuters reports that Microsoft (MSFT) will sell its first corporate bonds.

Reuters writes that media mogul David Geffen tried to buy a piece of The New York Times (NYT).

The Wall Street Journal reports that Google (GOOG) is killing its attempt to automate radio ad sales.

The Wall Street Journal writes that the Apple (AAPL) iPhone is getting bigger as an advertising medium.

The Wall Street Journal reports that the heads of several central banks see the economy at a turning point.

The Wall Street Journal reports that Target (TGT) is working on rebound plans.

The Wall Street Journal reports that Nissan says it will have a profit in the fiscal year ending in 2011.

The Wall Street Journal reports that Goldman Sachs (GS) will settle a subprime suit.

The Wall Street Journal reports that GM (GM) and Chrysler are picking which dealers to cut.

The Wall Street Journal reports that the solar power industry is pulling back.

The Wall Street Journal reports that U.S. “stress tests’ may indicate that European banks need to increase capital.

The Wall Street Journal reports that analysts are asking whether the Chinese consumer can replace the US consumer as an engine for global economic growth.

The Wall Street Journal reports that HSBC (HBC) says it will have more losses in the US.

The Wall Street Journal reports that a number of banks are selling shares to improve capital and pay back TARP funds.

The Wall Street Journal reports that rumors of a Microsoft (MSFT)  buyout of SAP (SAP) raised hopes of M&A in the tech sector.

The Wall Street Journal reports that some analysts believe the price of CBS (CBS) shares is too high.

The Wall Street Journal reports that use of Heparin are causing new fears.

The Wall Street Journal reports that Honda (HMC) will increase production as inventories fall.

The Wall Street Journal reports that Playboy (PLA) may cut the frequency of its flagship magazine.

The New York Times reports that small banks may be dull but produce profits.

The New York Times writes that the budget gap will rise to over $1.8 trillion.

The New York Times reports that print books are becoming targets of pirates on the web.

The New York Times reports that the German government may not provide capital for Fiat to buy Opel.

The New York Times reports that bondholders have received their final offer.

The FT reports that money being raised by US banks will generate $500 million in investment banking and other fees.

The FT writes that credit default swap holders are hurting GM’s restructuring.

The FT reports that CEO turnover has gone up only slightly during the recession.

Bloomberg reports that economists are turning bleaker on a US recovery due to forecasts of high unemployment in 2011.

Bloomberg reports that Nissan expects another annual loss.

Douglas A. McIntyre

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