Reuters: GM will accept product liability on cars it has built in the past.
Reuters: Obama could consider a second stimulus if necessary.
Reuters: Rising office availability in NYC is slowing.
Reuters: VW says it has not issued an ultimatum to Porsche on a tie-up.
Reuters: Tata launched Jaguar and Rover in India.
Reuters: Microsoft (MSFT) will sell its Razorfish unit.
Reuters: Novartis (NVS) is in talks to buy most of Elan.
Reuters: Anglo American is in talks about a transaction with Chinese interests.
WSJ: The administration is still having trouble solving the problem of huge amounts of bad debt on bank books.
WSJ: Boeing’s (BA) 787 delay may give buyers a chance to get concessions.
WSJ: GM has asked that the Saturn brand not be subordinate to buyer Penske’s name for now.
WSJ: Junk bond yields may go higher in the face of higher borrowing and rising defaults.
WSJ: Towers Perrin and Watson Wyatt will merge to create the world’s largest employee-benefits consultancy.
WSJ: Valero (VLO) has started powering some refineries with wind.
WSJ: The DOJ has extended its examination of the Oracle deal to buys Sun (ORCL)(JAVA).
WSJ: PNC (PNC) is waiting to repay TARP funds.
WSJ: Businesses complained to China’s premier to scale back new content blocking software for PCs.
WSJ: Some states are considering levies on oil and gas production.
WSJ: The current market rise will need to be supported by earnings.
WSJ: UBS (UBS) is still struggling to get profitable.
WSJ: Banks may try to spread losses on commercial real estate over time.
WSJ: Exxon (XOM) and AMR (AMR) are struggling with people creating fake Twitter accounts in their names.
FT: Madoff could get as much as a 150-year sentence.
FT: Equity and debt issued by banks is offsetting losses on toxic assets.
FT: The TV industry is faced with a $2 billion revenue shortfall as audiences watch video online.
Bloomberg: The dollar may rise by the most since 1981 between now and the end of 2009.
Bloomberg: Vodafone (VOD) may bid for the Deutsche Telekom (DT) T-Mobile assets in the UK.
Douglas A. McIntyre
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.